VersAbility Resources

Legal name: Versability Resources Inc

Nonprofit profile at a glance

EIN
540802199
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Hampton, VA, US
Phone
(757) 896-6461
Rating
85
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$65,722,830
Expenses
$62,868,874
Assets
$54,053,262
Liabilities
$10,131,343

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

31 people listed

Executive titles in this filing

  • KATHRYN GRZELKOWSKI (PRES/CEO)

Highest reported compensation

  • KATHRYN GRZELKOWSKI (PRES/CEO): $429,774 total reported compensation
  • RENEE ROSE (COO): $302,465 total reported compensation
  • DAVID NEARY (VP OF GOVERNMENT CONTRACTS): $203,982 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To help people with disabilities live fulfilling lives of their choosing.

What it reported doing in 2024

Employment services-versability resources creates employment opportunities for people of all abilities, including those with disabilities. We offer jobs and career opportunities based on professional interests and personal goals. In addition to the pride, dignity, and independence that comes with earning ones own wages, consistent work allows people with disabilities to improve their health by engaging in ongoing physical activity and regular social interaction. We are a leader in federal contracts that employ people with disabilities and boast a supported employment program that provides job opportunities in the hampton roads community and surrounding region. We offer work readiness and training programs that help students with documented disabilities prepare for the future. Versability is also able to offer a skilled workforce to perform a variety of contract work for business partners. We support regional and international companies through production, manufacturing, x-ray and paper scanning, logistics, assembly, and more. Our supported employment program helps regional businesses thrive while creating community-based employment opportunities for individuals with disabilities. Skilled employment specialists provide on-site training and long-term follow-along supervision to help each individual succeed in their job and ensure employers throughout hampton roads are pleased with the partnership. High school students with disabilities are guided from the special education classroom to successful employment by providing on-the-job training and paid employment through our school-year transition to work program. Our pre-ets discovery academy takes place over the summer and focuses on work-based learning experiences and instruction in self-advocacy. Individuals with disabilities in versability's employment services program in hampton receive paid employment, job training, and supports not typically available in other business settings (ex: behavioral prompts). Individuals perform a variety of work, such as light manufacturing, scanning x-rays and documents, order fulfillment, and coordinating mailings. We utilize jigs that help people with mobility issues excel in work. Versability's skilled workforce of people with disabilities meets regional business needs and provides valuable support to budding entrepreneurs.

Operating model

Revenue model
Earned-program. 97% of the money available for current operations came from fees and other program revenue.
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.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 84
  • Accountability: 95
  • Sustainability: 47
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.4%; rating input score 90
  • Program expense ratio: 95.8%; rating input score 96
  • Fundraising efficiency: $2.79 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 4.3%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 40th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 70th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site · 2 operating locations identified
  • Where the money goes: 90.4% of revenue deployed · 95.8% of spending went to programs
  • Governance: 17 of 17 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $60.2M in reported program spending
  • Leadership: top reported pay $430K · 31 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $8.1M reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 9/100.
  • Review — Sustainability: Operating margin scored 54/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 25/100.