DEVEREUX - President & CEO
Fiscal year 2009 tested the mettle of Devereux and every other behavioral healthcare provider across the nation. With more than 90 percent of our funding coming from government agencies, all of which have struggled with budget deficits, coupled with a 21 percent decline in our endowment due to market fluctuations, we have been challenged as never before to operate more efficiently, while maintaining a constant focus on quality of care as our top priority.
While some of our fellow providers have been forced to close their doors, Devereux has remained operationally strong. We have reduced our overhead costs and met personally with our key referral agencies to discuss how we might better serve them in this new economic environment.
Despite the challenges we face, we continue to successfully operate 15 centers in 11 states across the country and we touch the lives of tens of thousands of individuals, along with their families, each year. Our ability to survive the economic tide is a result of the strategic focus we have employed over the course of our 100-year history, and certainly through this crisis. Our success, as this annual report demonstrates, is realized daily in the ability to truly change lives and nurture the human potential of those individuals we serve.
However, more than at any time since Miss Devereux raised the first funds to open her school in suburban Philadelphia, we need your help. The economy and the environment we operate in have not changed the needs of those for whom we care. Nor has it altered our need for donors to partner with us, in strategic fashions, to support the mission of Devereux. We remain a leader in the behavioral health field with innovative programming that focuses on the individual strengths of those we serve. With the steadfast support of our caring donors, corporate and foundation partners, we will continue to be strong. Through our strategic initiatives, and careful oversight of our finances, we are mindful of our responsibility to be careful stewards of our financial resources. For donors, you can be assured that your contributions are the means by which we carry forward our important mission to help the children and adults of Devereux every day.
At Devereux, there is much to be proud of. We are approaching our 100th anniversary of serving those in need. Our longevity is a testament to the strength, stability and strategy of our organization. But of all that which brings us pride, it is the individual successes of our clients, some of whom you will read about here, that gives us the greatest joy. For these individuals, and all those at Devereux, we ask you continue to be our partner, as we reach toward our second century.
Robert Q. Kreider, Esq.
President & CEO
Robert Kreider, President & CEO