NATIONAL MENTAL HEALTH CORPS INC

EIN: 010648561 501(c)(3) Education

NEWTOWN, CT

Total Revenue
$3,650,920
Total Expenses
$3,260,378
Total Assets
$1,583,931
Net Assets
$1,247,281
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CT
Principal Officer
PATRICIA HARRITY
Phone
2038341143
Tax Period
2023-10-01 to 2024-09-30

NATIONAL MENTAL HEALTH CORPS INC, founded in 2001, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $3.3M left a modest 11% surplus.

Mission

TO IMPROVE HEALTH EQUITY IN OUR NATION'S COMMUNITIES THROUGH INNOVATIVE PARTNERSHIP-BASED INITIATIVES IN EDUCATION, SERVICE AND LEADERSHIP DEVELOPMENT.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,287,053
Program Service Revenue $363,750
Investment Income $117
Other Revenue $0
TOTAL REVENUE $3,650,920

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,638,946
Fundraising Expenses $37,068
Program Expenses $3,039,102
Other Expenses $621,432
TOTAL EXPENSES $3,260,378

Year-over-Year Comparison

2023 2022 Change
Revenue $3,650,920 $2,924,494 +0.2%
Expenses $3,260,378 $2,356,738 +0.4%
Net Income $390,542 $567,756 -0.3%
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

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Governance

Voting Members
8
Independent Members
6
Employees
16
Volunteers
7

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
3
$164,815
Total Directors
8
$164,815
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA HARRITY PRESIDENT/EXECUTIVE DIRECT 40.00
Officer Director
$134,341 $30,474 $164,815
DANIEL PEARSON CHAIR 2.00
Officer Director
$0 $0 $0
ALEX PUZONE SECRETARY/TREASURER 2.00
Officer Director
$0 $0 $0
VICTORIA BOSMAN BOARD MEMBER 1.50
Director
$0 $0 $0
NANA MARFO BOARD MEMBER 1.50
Director
$0 $0 $0
CHRIS MARINO BOARD MEMBER 1.50
Director
$0 $0 $0
ARUN NARIKETTE BOARD MEMBER 1.50
Director
$0 $0 $0
KALIE PECCERILLO BOARD MEMBER 1.50
Director
$0 $0 $0
CELIA MEYER HMA DIRECTOR 40.00
Highest
$107,396 $27,798 $135,194
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
2024 $3,650,920 $3,260,378 $1,583,931 $390,542
2023 $2,924,494 $2,356,738 $1,121,166 $567,756
2022 $1,220,499 $1,317,303 $558,466 $-96,804
2021 $1,384,398 $1,140,471 $721,831 $243,927
2020 $1,097,469 $1,134,262 $557,120 $-36,793
2019 $1,005,410 $992,312 $456,405 $13,098
2018 $839,427 $876,223 $404,435 $-36,796
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