Civic Intelligence

Victor Treatment Centers Inc

EIN 94-2264395 • 501(c)3 • Chico, CA

Profile

As part of its broad continuum of services, Victor Treatment Centers, Inc. operates a 24-hour residential treatment facility for severely emotionally disturbed and mentally ill minors also providing special education and mental health services. VTC also provides special education which provides a positive experience and a comprehensive educational curriculum. VTC receives most of its funding from county and state agencies, with certain portions of its funding originating from the federal government.

1360 E Lassen AveChico, CA 95973

www.victor.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

41st percentile

0.14x

Higher debt load relative to assets than 41% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

39th percentile

0.19x

Higher debt load relative to revenue than 39% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

56th percentile

6.7%

Higher net margin than 56% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

55th percentile

$275,523

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

62nd percentile

9.0%

Faster asset growth than 62% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-18%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$27,512,259

Up $1,744,191 (+6.8%) from 2023

Liabilities

Up

$4,037,943

Up $474,740 (+13%) from 2023

Net Assets

Up

$23,474,316

Up $1,269,451 (+5.7%) from 2023

Revenue

Down

$17,497,584

Down $1,494,245 (-7.9%) from 2023

Expenses

Down

$16,328,949

Down $1,393,713 (-7.9%) from 2023

Net Income

Down

$1,168,635

Down $100,532 (-7.9%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $29,114,036Liabilities 2010: $3,913,960Net Assets 2010: $25,200,0762010Assets 2011: $45,076,607Liabilities 2011: $6,975,289Net Assets 2011: $38,101,3182011Assets 2012: $45,239,599Liabilities 2012: $5,818,244Net Assets 2012: $39,421,3552012Assets 2013: $49,184,920Liabilities 2013: $7,010,050Net Assets 2013: $42,174,8702013Assets 2014: $53,044,750Liabilities 2014: $7,823,110Net Assets 2014: $45,221,6402014Assets 2015: $52,128,260Liabilities 2015: $6,025,563Net Assets 2015: $46,102,6972015Assets 2016: $52,219,132Liabilities 2016: $5,393,565Net Assets 2016: $46,825,5672016Assets 2017: $54,974,171Liabilities 2017: $3,274,336Net Assets 2017: $51,699,8352017Assets 2018: $58,032,163Liabilities 2018: $2,610,529Net Assets 2018: $55,421,6342018Assets 2019: $36,372,774Liabilities 2019: $4,852,310Net Assets 2019: $31,520,4642019Assets 2020: $36,551,717Liabilities 2020: $4,275,762Net Assets 2020: $32,275,9552020Assets 2021: $25,764,928Liabilities 2021: $3,958,810Net Assets 2021: $21,806,1182021Assets 2022: $23,632,241Liabilities 2022: $2,828,454Net Assets 2022: $20,803,7872022Assets 2023: $25,768,068Liabilities 2023: $3,563,203Net Assets 2023: $22,204,8652023Assets 2024: $27,512,259Liabilities 2024: $4,037,943Net Assets 2024: $23,474,3162024

Highlighted filing

2024

Assets$27,512,259
Liabilities$4,037,943
Net Assets$23,474,316

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100M$50M$0-$50MExpenses 2010: $25,956,5012010Expenses 2011: $25,890,3122011Expenses 2012: $27,034,3472012Expenses 2013: $26,869,7842013Revenue 2014: $30,959,775Expenses 2014: $27,347,066Net Income 2014: $3,612,7092014Revenue 2015: $26,241,117Expenses 2015: $24,827,958Net Income 2015: $1,413,1592015Revenue 2016: $22,658,312Expenses 2016: $21,520,219Net Income 2016: $1,138,0932016Revenue 2017: $25,092,239Expenses 2017: $22,641,743Net Income 2017: $2,450,4962017Revenue 2018: $24,006,370Expenses 2018: $19,717,936Net Income 2018: $4,288,4342018Revenue 2019: $32,679,205Expenses 2019: $60,136,259Net Income 2019: -$27,457,0542019Revenue 2020: $29,795,909Expenses 2020: $28,955,865Net Income 2020: $840,0442020Revenue 2021: $23,437,661Expenses 2021: $33,633,900Net Income 2021: -$10,196,2392021Revenue 2022: $23,041,384Expenses 2022: $23,658,999Net Income 2022: -$617,6152022Revenue 2023: $18,991,829Expenses 2023: $17,722,662Net Income 2023: $1,269,1672023Revenue 2024: $17,497,584Expenses 2024: $16,328,949Net Income 2024: $1,168,6352024

Highlighted filing

2024

Revenue$17,497,584
Expenses$16,328,949
Net Income$1,168,635

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$27.5$4.04$23.5$17.5$16.3$1.17
2023Detailed filing. Detailed filing data is available for this year.$25.8$3.56$22.2$19.0$17.7$1.27
2022Detailed filing. Detailed filing data is available for this year.$23.6$2.83$20.8$23.0$23.7$0.62
2021Detailed filing. Detailed filing data is available for this year.$25.8$3.96$21.8$23.4$33.6$10.2
2020Detailed filing. Detailed filing data is available for this year.$36.6$4.28$32.3$29.8$29.0$0.84
2019Detailed filing. Detailed filing data is available for this year.$36.4$4.85$31.5$32.7$60.1$27.5
2018Detailed filing. Detailed filing data is available for this year.$58.0$2.61$55.4$24.0$19.7$4.29
2017Detailed filing. Detailed filing data is available for this year.$55.0$3.27$51.7$25.1$22.6$2.45
2016Detailed filing. Detailed filing data is available for this year.$52.2$5.39$46.8$22.7$21.5$1.14
2015Detailed filing. Detailed filing data is available for this year.$52.1$6.03$46.1$26.2$24.8$1.41
2014Detailed filing. Detailed filing data is available for this year.$53.0$7.82$45.2$31.0$27.3$3.61
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.2$7.01$42.2$26.9
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.2$5.82$39.4$27.0
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$45.1$6.98$38.1$25.9
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.1$3.91$25.2$26.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 12, 2025
Return Version
2023v6.0
Gross Receipts
$18,673,687
Mission and Program Overview

Mission

As part of its broad continuum of services, Victor Treatment Centers, Inc. operates a 24-hour residential treatment facility for severely emotionally disturbed and mentally ill minors also providing special education and mental health services. VTC also provides special education which provides a positive experience and a comprehensive educational curriculum. VTC receives most of its funding from county and state agencies, with certain portions of its funding originating from the federal government.

Guided by its mission, "To be a catalyst for sustained improvement in the lives of those we touch", Victor Treatment Centers, Inc. ("VTC") provides a broad continuum of behavioral health and foster care services to children ages 0 to 18.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,265,319$11,796,434▼ $468,885
Savings and Temporary Cash Investments$6,768,232$8,806,873▲ $2,038,641
Accounts Receivable$2,743,554$3,899,116▲ $1,155,562
Investments in Publicly Traded Securities$2,148,156$1,504,004▼ $644,152
Prepaid Expenses and Deferred Charges$821,757$650,575▼ $171,182
Investments Program Related$294,203$294,203→ $0
Total Assets$25,768,068$27,512,259▲ $1,744,191
Other Assets Total$726,847$561,054▼ $165,793
Liabilities
Accounts Payable and Accrued Expenses$3,031,638$3,717,216▲ $685,578
Other Liabilities$531,565$320,727▼ $210,838
Total Liabilities$3,563,203$4,037,943▲ $474,740
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,204,865$23,474,316▲ $1,269,451
Total Net Assets Fund Balance$22,204,865$23,474,316▲ $1,269,451
Total Liabilities and Net Assets / Fund Balance$25,768,068$27,512,259▲ $1,744,191

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,384,789$9,301,738$17,686,527
Land$3,228,566-$3,228,566
Leasehold Improvements$93,412$1,201,578$1,294,990
Equipment$45,669$1,026,904$1,072,573
Other Land Buildings$43,998$567,851$611,849
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly HernandezDirectorFT$158,821$48,107$206,928
Lorraine RomeroDirectorFT$108,606$22,013$130,619
Simona CataldoCEOPT$108,300-$108,300

Board Members and Trustees

NameTitle
Cathy RaydenBoard Chair
Kasim KhanBoard Member
Jana TrewBoard Member (end 2/24)
Susan ForbesBoard Member (end 3/24)
Karenlee MannerinoBoard Secretary
Edward HackettCFO/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,207,145
Program Service Revenue
$1,565,817
Investment Income
$556,287
Other Revenue
$1,168,335
All Other Contributions
$98,106
Change in Net Assets
$1,168,635

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,497,584
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$100,816
Total Revenue per Audited Statements
$17,598,400
Total Revenue per Form 990
$17,497,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,147,219
Other Expenses$6,181,730
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,139,732$1,327,952-$7,467,684
Payroll Taxes$1,016,437$280,408-$1,296,845
Fees for Services Management-$1,165,752-$1,165,752
Other Employee Benefits$824,956$227,583-$1,052,539
Occupancy$416,473$409,448-$825,921
Depreciation Depletion$333,417$333,418-$666,835
Fees for Services Other$251,525$199,686-$451,211
Office Expenses$155,863$82,431-$238,294
Current Officers, Directors, Trustees, and Key Employees$180,878$39,122-$220,000
Information Technology$124,984$93,425-$218,409
Travel$125,783$87,581-$213,364
Conferences and Meetings$91,504$58,712-$150,216
Other Expenses$107,097$13,237-$120,334
Pension Plan Contributions$86,334$23,817-$110,151
Fees for Services Legal$9,219$7,244-$16,463
All Other Expenses$2,354,778$-2,338,973-$15,805
Total Functional Expenses$13,589,389$2,739,560$0$16,328,949

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$16,328,949
Total Expenses per Audited Statements$16,328,949
Total Expenses per Form 990$16,328,949
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Right-of-use liabilities - operating leases$283,820
Right-of-use liabilities - finance leases$36,907
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

A copy of the Form 990 is provided to the governing body before it is filed. The draft Form 990 is reviewed by the Board Chair with agency staff and the agency audit firm which prepares the Form 990. Any questions are discussed and resolved. It is then available to Board members before being filed. After this review, the Form 990 is filed.

Form 990, Part VI, Section B, line 12C

Each year, the Board of Directors reviews the conflict of interest policy and has each Board member sign a document that either discloses any possible conflict of interest or states no such relationship exists. Any related party transactions are also reviewed and discussed as part of the independent audit. Any actual or potential conflicts are discussed and decisions made related to their appropriateness.

Form 990, Part VI, Section B, line 15

The compensation of the CEO is reviewed and set by the Board of Directors and benchmarked against similarly situated agencies utilizing an independent compensation study and compensation consultant. This analysis is documented and presented to the Board of Directors for review, deliberation and approval at a closed session Board meeting. The agency benchmarks compensation of key employees utilizing Guidestar as well as other salary surveys to ensure that compensation is within industry guidelines. The benchmark results are documented and reviewed by the Board of Directors and the minutes of the review and approval for CEO and key employees are recorded and maintained. When applicable in the fiscal period, any other officers or key employees' compensation is determined by the same process.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public. All such documents and statements are available upon request. The Form 990 is filed with the Internal Revenue Service and the California Franchise Tax Board making these documents public. The organization's Form 990's are available on the Guidestar website at www.guidestar.org.

Filing and Contact Details

Filer

Filer Name
Victor Treatment Centers Inc
EIN
94-2264395
Phone
5308930758
Address
1360 E Lassen Ave, Chico, CA 95973

Signing Officer

Name
Edward E Hackett
Title
CFO
Phone
5308930758
Signed
2025-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Simona Cataldo
Formed
1976
Legal Domicile
CA
Voting Board Members
3
Independent Board Members
3
Employees
167
Volunteers
5

Preparer

Firm
Harrington Group CPAs LLP
Address
2698 Mataro Street, Pasadena, CA 91107
Preparer
Sean E Cain CPA
Phone
6264036801
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

Victor is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Victor in their federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Victor's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0As part of its broad continuum of services, Victor Treatment Centers, Inc. operates a 24-hour residential treatment facility for severely emotionally disturbed and mentally ill minors also providing special education and mental health services. VTC also provides special education which provides a positive experience and a comprehensive educational curriculum. VTC receives most of its funding from county and state agencies, with certain portions of its funding originating from the federal government.
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IRS990/ProgSrvcAccomActy2Grp/Desc0VTC provides a full range of individualized specialty mental health services and medication support services to youth placed in VTC's residential programs, and community based mental health services to youth in Los Angeles County. These services are based on a comprehensive assessment of needs and are provided by highly trained and licensed staff, mental health professionals and para-professionals. All services are individualized to the specific child/youth and their family. VTC places great emphasis on the utilization of nationally recognized Evidenced Based Practices in the provision of its mental health services. During the reporting period, 188 clients were served.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt04222721
IRS990/ProgSrvcAccomActy3Grp/Desc0School Services: We provide specialized, accredited, non-public school services in conjunction with our residential and mental health services to address the educational needs of children who are unable to learn and function effectively in public school settings due to their serious emotional disturbances. These services are also provided to many students who live in the community, yet require a highly intensive educational environment in which to learn. We are proud of the many children who successfully transition back to public education settings and who make dramatic academic progress in our schools. The School programs served 54 students.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01565817
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Home Based Family Care: We provide home-based family care for children through our Foster Family Agency. In addition, we recruit, certify and train resource parents, provide professional support to resource parents and assist in finding home or other temporary or permanent placements for children who require more intensive care. Our social workers visit our resource families each week and have access to our Licensed Marriage and Family Therapists, ensuring a successful foster care and adoption experience for both child and family. During the reporting period, 109 clients were served.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Victor is exempt from taxation under Internal Revenue Code Section 501(c)(3) and California Revenue and Taxation Code Section 23701d. Generally accepted accounting principles provide accounting and disclosure guidance about positions taken by an organization in its tax returns that might be uncertain. Management has considered its tax positions and believes that all of the positions taken by the Victor in their federal and state exempt organization tax returns are more likely than not to be sustained upon examination. Victor's returns are subject to examination by federal and state taxing authorities, generally for three and four years, respectively, after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00

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