Verner Inc
Nonprofit profile at a glance
- EIN
- 562040462
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Asheville, NC, USA
- Phone
- 8282980808
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Private Grantmaking Foundations
Reported finances
- Revenue
- $5,698,576
- Expenses
- $5,808,868
- Assets
- $5,107,906
- Liabilities
- $450,797
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- MARCIA WHITNEY (PRESIDENT AND CEO)
Highest reported compensation
- MARCIA WHITNEY (PRESIDENT AND CEO): $112,993 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Verner delivers high-quality educational and relationship-based learning environments (from prenatal to pre-kindergarten), where every individual (child, family, staff, and faculty member) is valued and respected. Our programming is comprehensive, culturally meaningful, resiliency-focused, trauma-responsive, and child- and family-centered. We connect with families and early education partners to provide integrated services. We support family well-being throughout a child's development, so our whole community can lead healthy, happy, and productive lives.
What it reported doing in 2024
Home visitors-verner offers home visiting program for expectant families and young children from birth to three years as part of early head start. Approximately 66 low-income families are served annually throughout buncombe county.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 39
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.6%; rating input score 70
- Program expense ratio: 67.7%; rating input score 68
- Fundraising efficiency: $26.24 raised per $1 spent on fundraising; rating input score 66; 66th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.9%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.88; rating input score 33; 33rd percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 76; 76th percentile among comparable filings
Growth
- Program expense growth: 6.6% per year; rating input score 100; 48th percentile among comparable filings
- Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 69.6% of revenue deployed · 67.7% of spending went to programs
- Governance: 17 of 17 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $3.9M in reported program spending
- Leadership: top reported pay $113K · 17 people listed
- Consistency: 35 of 35 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 27/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 33/100.