DAYMARK RECOVERY SERVICES INC

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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

2003

Legal Domicile

Principal Officer

R ALAN WALLER

Phone

7046479494

Tax Period

2024-07-01 to 2025-06-30

DAYMARK RECOVERY SERVICES INC, founded in 2003, is a major nonprofit in the Health Care sector that reported $117.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $20.1M, a strong 17% operating margin.

Mission

MISSION DRIVEN, COMPREHENSIVE COMMUNITY PROVIDER OF CULTURALLY SENSITIVE MENTAL HEALTH AND SUBSTANCE ABUSE SERVICES. THE DAYMARK GOAL IS FOR SKILLED MEDICAL AND BEHAVIORAL HEALTHCARE PROFESSIONALS TO SUPPORT CITIZENS OF ALL AGES AND THEIR FAMILIES WITH THE GREATEST OPPORTUNITY FOR RECOVERY, INDEPENDENCE AND THE HIGHEST QUALITY OF LIFE.

Program Service Accomplishments

Program 1

Expenses: $83,299,925 Revenue: $116,531,209

PROVIDED DIRECT BEHAVORIAL HEALTHCARE & SUBSTANCE ABUSE SERVICES TO THE CITIZENS OF 28 COUNTIES IN CENTRAL NORTH CAROLINA. SERVICES INCLUDE OUTPATIENT & FAMILY COUNSELING, MEDICAL PSYCHIATRIC...

PROVIDED DIRECT BEHAVORIAL HEALTHCARE & SUBSTANCE ABUSE SERVICES TO THE CITIZENS OF 28 COUNTIES IN CENTRAL NORTH CAROLINA. SERVICES INCLUDE OUTPATIENT & FAMILY COUNSELING, MEDICAL PSYCHIATRIC SERVICES & EMERGENCY ASSESSMENT SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $116,430,597

Investment Income $1,475,657

Other Revenue $14,400

TOTAL REVENUE $117,920,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,175,679

Fundraising Expenses $0

Program Expenses $83,299,925

Other Expenses $26,642,616

TOTAL EXPENSES $97,818,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,920,654	$97,779,958	+0.2%
Expenses	$97,818,295	$86,948,827	+0.1%
Net Income	$20,102,359	$10,831,131	+0.9%

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

1343

Volunteers

N/A

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

$737,305

Total Directors

Key Employees

$629,650

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STATON-WILLIAMS DIAMOND	BOARD CHAIR	1.00	Director	$0	$0	$0
BOTTS JR MARK F	VICE CHAIR	1.00	Director	$0	$0	$0
TAYLOR WENDY	TREASURER	1.00	Director	$0	$0	$0
CLOUD DR D'QUAYVION	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
VEACH DR LAURA	BOARD CHAIR	1.00	Director	$0	$0	$0
WAGNER DAVID	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
WILSON FELICIA	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
BAKER HOLLY	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
WEST BILLY R	EXECUTIVE DIRECTOR	40.00	Officer	$325,000	$0	$325,000
WALLER R ALAN	FINANCE DIRECTOR	40.00	Officer	$194,255	$0	$194,255
GREER JEROLD D	CHIEF INFORMATION OFFICER	40.00	Officer	$218,050	$0	$218,050
NOFAL PHILIP	MEDICAL DIRECTOR	40.00	Key Emp	$341,250	$0	$341,250
PEKAREK ELIZABETH MARY	MEDICAL DIRECTOR	40.00	Key Emp	$288,400	$0	$288,400
HASSANI JOUMANA	MD	40.00	Highest	$248,286	$0	$248,286
CALVERT CONNIE LEA	MD	40.00	Highest	$246,139	$0	$246,139
HERRICK RICHARD EDWARD	MD	40.00	Highest	$230,000	$0	$230,000
HARRIS WILLIAM	MD	40.00	Highest	$218,225	$0	$218,225
IVEY APRIL MICHELLE	MD	40.00	Highest	$211,538	$0	$211,538

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
2025	$117,920,654	$97,818,295	$79,837,680	$20,102,359
2024	$97,779,958	$86,948,827	$59,744,255	$10,831,131
2023	$82,899,140	$76,284,352	$47,855,243	$6,614,788
2022	$65,095,451	$63,268,279	$39,230,183	$1,827,172
2021	$66,004,815	$57,415,914	$35,448,352	$8,588,901
2020	$64,042,971	$59,380,778	$26,108,202	$4,662,193
2019	$60,871,412	$62,458,467	$21,212,208	$-1,587,055
2018	$59,473,666	$58,317,645	$23,866,051	$1,156,021