ADAPT OF THE HUDSON VALLEY INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

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

ADAPT OF THE HUDSON VALLEY ( THE "AGENCY" ) IS A NOT-FOR-PROFIT ORGANIZATION, FORMED UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK, FOUNDED IN 2021. THE MISSION OF THE AGENCY IS TO CREATE OPPORTUNITIES FOR PEOPLE WITH DISABILITIES TO LEAD INDEPENDENT AND FULFILLING LIVES. THE MISSION OF THE AGENCY IS TO EMPOWER PEOPLE THROUGH INNOVATIVE SOLUTIONS, ONE PERSON AT A TIME.

Program Service Accomplishments

Program 1

Expenses: $37,420,886 Revenue: $42,283,212

RESIDENTIAL PROGRAMS, INCLUDING INDIVIDUALIZED RESIDENTIAL ALTERNATIVES ARE PROVIDED TO CHILDREN AND ADULTS. THESE PROGRAMS PROVIDE LEVEL OF CARE NEEDS AND FULLY ACCESSIBLE HOUSING FOR...

RESIDENTIAL PROGRAMS, INCLUDING INDIVIDUALIZED RESIDENTIAL ALTERNATIVES ARE PROVIDED TO CHILDREN AND ADULTS. THESE PROGRAMS PROVIDE LEVEL OF CARE NEEDS AND FULLY ACCESSIBLE HOUSING FOR DEVELOPMENTALLY DISABLED INDIVIDUALS DESIGNED TO MEET THEIR NEEDS IN THE LEAST RESTRICTIVE ENVIRONMENT. THEY ARE LICENSED AND REGULATED BY THE NYS OFFICE FOR PEOPLE WITH DEVELOPMENTAL DISABILITIES (OPWDD)

Program 2

Expenses: $3,486,266 Revenue: $3,634,474

ADULT DAY PROGRAMS, DAY HABILITATION, & SUPPORTED EMPLOYMENT ARE PROVIDED TO INDIVIDUALS OVER THE AGE OF 21. THESE PROGRAMS ARE LICENSED & REGULATED BY THE NYS OPWDD. FAMILY SUPPORT SERVICES...

ADULT DAY PROGRAMS, DAY HABILITATION, & SUPPORTED EMPLOYMENT ARE PROVIDED TO INDIVIDUALS OVER THE AGE OF 21. THESE PROGRAMS ARE LICENSED & REGULATED BY THE NYS OPWDD. FAMILY SUPPORT SERVICES, INCLUDING HOUSING ASSISTANCE & OVERNIGHT RESPITE ARE PROVIDED TO DEVELOPMENTALLY DISABLED INDIVIDUALS AND THEIR FAMILIES. THESE PROGRAMS ARE REGULATED BY NYS OPWDD.

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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%)

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

Governance

Voting Members

Independent Members

Employees

628

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

$860,827

Total Directors

$577,790

Key Employees

Highest Compensated

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