VERSABILITY RESOURCES INC (EIN 540802199) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

KATHRYN GRZELKOWSKI

Phone

7578968461

Tax Period

2024-07-01 to 2025-06-30

VersAbility Resources Inc, founded in 1953, is a mid-sized nonprofit that reported $44.6M in total revenue in fiscal year 2017. Expenses of $41.7M left a modest 7% surplus.

Mission

VERSABILITY RESOURCES, INC. ASSISTS PEOPLE WITH DEVELOPMENTAL AND OTHER DISABILITIES IN CHOOSING GOALS AND LEADING SATISFYING LIVES. THROUGH THE PROVISION OF RESIDENTIAL, EMPLOYMENT, DAY SUPPORT AND EARLY PREVENTION AND INTERVENTION SERVICES, VERSABILITY CURRENTLY ASSISTS 1,500 INDIVIDUALS EACH YEAR.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $963,944

Program Service Revenue $63,859,058

Investment Income $897,993

Other Revenue $1,835

TOTAL REVENUE $65,722,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,884,191

Fundraising Expenses $344,910

Program Expenses $60,249,849

Other Expenses $24,964,683

TOTAL EXPENSES $62,868,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,722,830	$64,050,946	+0.0%
Expenses	$62,868,874	$58,992,045	+0.1%
Net Income	$2,853,956	$5,058,901	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

838

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$926,100

Total Directors

Key Employees

$372,319

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIAN CALDERONE	TREASURER	2.50	Officer Director	$0	$0	$0
JOYCELYN SPIGHT ROACHE	CHAIR	3.00	Officer Director	$0	$0	$0
LISA PENNYFEATHER	VICE CHAIR	2.50	Officer Director	$0	$0	$0
EDITH WHITE	SECRETARY	2.50	Officer Director	$0	$0	$0
JEROME BARBER	DIRECTOR	2.00	Director	$0	$0	$0
HOWARD HOEGE III	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MCFARLANE	DIRECTOR	2.00	Director	$0	$0	$0
DR JOHN TANNER	DIRECTOR	2.00	Director	$0	$0	$0
LYNN TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE WHITE	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN AVERY	DIRECTOR	2.00	Director	$0	$0	$0
BRAD WILLIAMSON	DIRECTOR	2.00	Director	$0	$0	$0
CRYSTAL BRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
KAPUA CONLEY	DIRECTOR	2.00	Director	$0	$0	$0
KAREN VELKEY	DIRECTOR	2.00	Director	$0	$0	$0
RICK DWYER	DIRECTOR	2.00	Director	$0	$0	$0
DR RAYMOND HAYNES	DIRECTOR	2.00	Director	$0	$0	$0
QUENTIN KIDD	DIRECTOR - END 7/31/2024	2.00	Director	$0	$0	$0
KATHRYN GRZELKOWSKI	PRES/CEO	56.00	Officer	$405,818	$23,956	$429,774
MICHAEL TOMCHICK	CFO - BEGIN 3/4/2024	52.00	Officer	$193,861	$0	$193,861
RENEE ROSE	COO	45.00	Officer	$280,805	$21,660	$302,465
EBONEE ATKINSON	VP OF COMMUNITY LIVING	64.00	Key Emp	$153,275	$15,062	$168,337
DAVID NEARY	VP OF GOVERNMENT CONTRACTS	45.00	Key Emp	$194,310	$9,672	$203,982
LAKISA WARD	VP OF BUSINESS OPERATIONS AND STRATEGIC SERVICES	50.00	Highest	$141,740	$14,741	$156,481
AMARITA K STRANGE	VP OF HUMAN RESOURCES	40.00	Highest	$134,829	$3,365	$138,194
JOHN RODENBERG	VP OF MARKETING AND DEVELOPMENT	50.00	Highest	$142,713	$0	$142,713
BETTIE J HILL	CONTROLLER	40.00	Highest	$161,351	$15,323	$176,674
FERDINANDNESTOR Q FRANDO	MANAGER, SAN DIEGO SHIP PROVISIONING	40.00	Highest	$139,310	$6,950	$146,260
TAMMY T ROBBS	CFO - TERM 6/30/2024	40.00		$162,552	$12,936	$175,488
JOSEPH DANIEL HARROW	CDMO - TERM 6/30/2024	40.00		$113,769	$4,704	$118,473
LINDA R KERNS	CCLO - TERM 6/30/2024	40.00		$193,299	$9,665	$202,964

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$65,722,830	$62,868,874	$54,053,262	$2,853,956
2024	$64,050,946	$58,992,045	$51,398,263	$5,058,901
2023	$59,180,991	$52,838,747	$47,187,379	$6,342,244
2022	$55,905,926	$48,797,633	$38,988,304	$7,108,293
2021	$43,708,484	$41,625,306	$30,226,693	$2,083,178
2020	$45,319,163	$43,228,195	$28,452,611	$2,090,968
2019	$46,685,522	$43,844,948	$27,020,940	$2,840,574
2018	$44,648,865	$41,665,549	$25,349,341	$2,983,316

VERSABILITY RESOURCES INC