MENTAL HEALTH ASSOCIATION IN ESSEX COUNTY HOLDING CORPORATION (EIN 020580380) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1995

Legal Domicile

Principal Officer

VALERIE AINSWORTH

Phone

5189622077

Tax Period

2023-01-01 to 2023-12-31

MENTAL HEALTH ASSOCIATION IN ESSEX COUNTY HOLDING CORPORATION, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $359K in total revenue in fiscal year 2023. Revenue surged 496% from the prior year, signaling strong growth momentum. The organization ran a surplus of $348K, a strong 97% operating margin.

Mission

PROVIDE RENTAL BUILDINGS FOR THE MENTAL HEALTH ASSOC. IN ESSEX COUNTY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $359,306

TOTAL REVENUE $359,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $19,091

Other Expenses $11,639

TOTAL EXPENSES $11,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$359,306	$60,312	+5.0%
Expenses	$11,639	$21,845	-0.5%
Net Income	$347,667	$38,467	+8.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$179,906

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANA ALLEN	TEASURER	1.00	Director	$0	$0	$0
PHIL MERO	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH RUTKOWSKI	SECRETARY	1.00	Director	$0	$0	$0
BETHANY SOUSIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANITA JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM KELLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CASEY KING	BOARD MEMBER	1.00	Director	$0	$0	$0
MELISSA NEWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLTON SABATINI	BOARD MEMBER	1.00	Director	$0	$0	$0
TAKIA FELICIANO	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM FINCH	BOARD MEMBER	1.00	Director	$0	$0	$0
VALERIE AINSWORTH	EXECUTIVE DIRECTOR	1.00	Officer	$0	$10,000	$112,409
HEIDI ROSINSKI	FINANCIAL ADMINISTRATOR	1.00	Officer	$0	$10,000	$67,497

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	No data	No data	No data	No data
2023	$359,306	$11,639	$697,749	$347,667

MENTAL HEALTH ASSOCIATION IN ESSEX COUNTY HOLDING CORPORATION