ADAPT OF THE HUDSON VALLEY INC

EIN: 862864372 501(c)(3) Human Services

MIDDLETOWN, NY

Total Revenue
$50,994,801
Total Expenses
$46,176,162
Total Assets
$14,086,992
Net Assets
$4,839,446
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
EDWARD R MATTHEWS
Phone
8456924444
Tax Period
2022-07-01 to 2023-06-30

ADAPT OF THE HUDSON VALLEY INC, founded in 2021, is a mid-sized nonprofit in the Human Services sector that reported $51.0M in total revenue in fiscal year 2022. Revenue surged 1358% from the prior year, signaling strong growth momentum. Expenses of $46.2M left a modest 9% surplus.

Mission

TO CREATE OPPORTUNITIES FOR PEOPLE WITH DISABILITIES TO LEAD INDEPENDENT AND FULFILLING LIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $4,736,196
Program Service Revenue $45,917,686
Investment Income $101,987
Other Revenue $238,932
TOTAL REVENUE $50,994,801

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,553,747
Fundraising Expenses $0
Program Expenses $40,907,152
Other Expenses $9,622,415
TOTAL EXPENSES $46,176,162

Year-over-Year Comparison

2022 2021 Change
Revenue $50,994,801 $3,498,715 +13.6%
Expenses $46,176,162 $3,477,899 +12.3%
Net Income $4,818,639 $20,816 +230.5%
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

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Governance

Voting Members
11
Independent Members
10
Employees
628
Volunteers
10

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
3
$860,827
Total Directors
11
$577,790
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HORODYSKI BOARD MEMBER 0.50
Director
$0 $0 $0
EDWARD MATTHEWS CEO, ADAPT COMMUNITY NETWORK 0.50
Officer Director
$0 $52,907 $577,790
RICHARD LEVY VICE CHAIR 0.50
Director
$0 $0 $0
GIDEON ASHER VICE CHAIR 0.50
Director
$0 $0 $0
JASON CARLOUGH SECRETARY/TREASURER 0.50
Director
$0 $0 $0
BARBARA SCHERR BOARD MEMBER 0.50
Director
$0 $0 $0
KELLY KAMINSKI CHAIR 0.50
Director
$0 $0 $0
PAUL ERNENWEIN BOARD MEMBER 0.50
Director
$0 $0 $0
HEATHER BELL BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN DUNNE BOARD MEMBER 0.50
Director
$0 $0 $0
CHRISTOPHER PLUM BOARD MEMBER 0.50
Director
$0 $0 $0
BOBBI JO YEAGER ACTING CEO, ADAPT OF THE HUDSON VALLEY 28.00
Officer
$0 $23,816 $162,242
AUDRA COON VP OF FINANCE 35.00
Officer
$90,034 $30,761 $120,795
BEATRICE MALOBA DIRECT SUPPORT PROFESSIONAL 40.00
Highest
$119,545 $22,889 $142,434
MARTIN WILEY DIRECT SUPPORT PROFESSIONAL 40.00
Highest
$105,741 $3,853 $109,594
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 No data No data No data No data
2024 No data No data No data No data
2023 $50,994,801 $46,176,162 $14,086,992 $4,818,639
2022 $3,498,715 $3,477,899 $12,304,100 $20,816
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