VARP Inc (EIN 953532367) - Form 990 Financial Analysis & Trantor Score

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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

1979

Legal Domicile

Principal Officer

Stephen Levine

Phone

9093813774

Tax Period

2024-07-01 to 2025-06-30

VARP Inc, founded in 1979, is a mid-sized nonprofit in the Mental Health sector that reported $16.4M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $14.0M left a modest 15% surplus.

Mission

Residential substance abuse recovery treatment program for men, women, veterans & non-veterans.

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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 (2024)

Revenue Breakdown

Contributions & Grants $16,382,791

Program Service Revenue $0

Investment Income $32,787

Other Revenue $0

TOTAL REVENUE $16,415,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,538,465

Fundraising Expenses $200,714

Program Expenses $11,870,028

Other Expenses $4,432,300

TOTAL EXPENSES $13,970,765

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,415,578	$12,598,268	+0.3%
Expenses	$13,970,765	$11,879,111	+0.2%
Net Income	$2,444,813	$719,157	+2.4%

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

155

Volunteers

N/A

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

$170,909

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen Levine	Chairman	2.00	Officer Director	$0	$0	$0
Rick Smith	Vice Chairman	2.00	Officer Director	$0	$0	$0
Ramesh Upadhyayula	Treasurer	2.00	Officer Director	$0	$0	$0
Lynn Kienzle	Secretary	2.00	Officer Director	$0	$0	$0
Jason Flejter	Director	2.00	Director	$0	$0	$0
Shelly Mattazaro	Executive Director	45.00	Officer	$170,909	$0	$170,909

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	$16,415,578	$13,970,765	$12,142,918	$2,444,813
2024	$12,598,268	$11,879,111	$8,836,017	$719,157
2023	$10,765,633	$10,320,642	$7,367,930	$444,991
2022	$8,593,034	$9,188,680	$6,766,340	$-595,646
2021	$6,867,956	$7,486,311	$7,799,603	$-618,355
2020	$7,170,301	$6,946,329	$8,339,696	$223,972
2019	$6,946,050	$5,707,323	$7,873,295	$1,238,727
2018	$5,498,828	$4,488,139	$6,338,692	$1,010,689

VARP Inc