INSTITUTE FOR HEALTH AND RECOVERY INC

EIN: 043086647 501(c)(3) Mental Health

WATERTOWN, MA

Total Revenue
$13,217,932
Total Expenses
$12,450,573
Total Assets
$6,705,935
Net Assets
$4,889,432
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
MA
Principal Officer
VALERIE GOLD
Phone
6176613991
Tax Period
2023-07-01 to 2024-06-30

INSTITUTE FOR HEALTH AND RECOVERY INC, founded in 1991, is a mid-sized nonprofit in the Mental Health sector that reported $13.2M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $12.5M left a modest 6% surplus.

Mission

IHR WORKS TO DEVELOP A COMPREHENSIVE CONTINUUM OF TREATMENT FOR SUBSTANCE USE DISORDERS, MENTAL HEALTH, AND TRAUMA, FOR INDIVIDUALS AND FAMILIES THROUGHOUT THE COMMONWEALTH OF MASSACHUSETTS. IHR PROVIDES LICENSED AND ACCREDITED BEHAVIORAL HEALTH COUNSELING STATEWIDE AND ALSO PROVIDES TRAINING AND CAPACITY BUILDING FOR PROGRAMS.

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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 $4,798,185
Program Service Revenue $8,348,420
Investment Income $12,616
Other Revenue $58,711
TOTAL REVENUE $13,217,932

Expense Breakdown

Grants Paid $1,553,737
Salaries & Benefits $9,252,328
Fundraising Expenses $4,053
Program Expenses $11,186,705
Other Expenses $1,644,508
TOTAL EXPENSES $12,450,573

Year-over-Year Comparison

2023 2022 Change
Revenue $13,217,932 $11,548,151 +0.1%
Expenses $12,450,573 $10,989,046 +0.1%
Net Income $767,359 $559,105 +0.4%
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

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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
8
Employees
199
Volunteers
199

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
7
$287,527
Total Directors
8
$1,800
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHARINE THOMAS FORMER ED EXECUTIVE DI 40.00
Officer
$133,987 $36,314 $170,301
MATTHEW ROCHE DIRECTOR OF 40.00
Highest
$116,818 $10,916 $127,734
ANNEGRET KLAUA ASST. DIRECT 40.00
Officer
$96,931 $20,295 $117,226
LUIS SANCHEZ DIRECTOR 1.00
Director
$1,800 $0 $1,800
GLORETTA BAYNES DIRECTOR 1.00
Director
$0 $0 $0
ELIOT GELWAN DIRECTOR 1.00
Director
$0 $0 $0
MARK GOTTLIEB PRESIDENT 1.00
Officer Director
$0 $0 $0
MARY HARVEY DIRECTOR 1.00
Director
$0 $0 $0
DENISE PIXLEY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
NANCY RYAN TREASURER 1.00
Officer Director
$0 $0 $0
JOHN TOCCI CLERK 1.00
Officer Director
$0 $0 $0
VALERIE GOLD EXECUTIVE DI 40.00
Officer
$0 $0 $0
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 No data No data No data No data
2024 $13,217,932 $12,450,573 $6,705,935 $767,359
2023 $11,548,151 $10,989,046 $4,664,604 $559,105
2022 $11,264,959 $10,715,834 $4,252,002 $549,125
2021 $11,490,626 $10,274,050 $3,928,298 $1,216,576
2020 $9,856,858 $9,560,756 $3,577,949 $296,102
2019 $8,898,623 $8,762,356 $2,434,583 $136,267
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