CODAC INC (EIN 050414696) - 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

1971

Legal Domicile

Principal Officer

ALISHA BOURDEAU

Phone

4014615056

Tax Period

2023-07-01 to 2024-06-30

CODAC INC, founded in 1971, is a mid-sized nonprofit in the Mental Health sector that reported $21.3M in total revenue in fiscal year 2023.

Mission

TO PROVIDE THE HIGHEST STANDARD OF BEHAVIORAL HEALTH SERVICES IN A RECOVERY ORIENTED SYSTEM OF CARE.

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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 $6,179,159

Program Service Revenue $14,938,579

Investment Income $10,425

Other Revenue $133,679

TOTAL REVENUE $21,261,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,630,526

Fundraising Expenses $0

Program Expenses $15,942,474

Other Expenses $7,439,419

TOTAL EXPENSES $22,069,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,261,842	$20,674,432	+0.0%
Expenses	$22,069,945	$19,669,083	+0.1%
Net Income	$-808,103	$1,005,349	-1.8%

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

240

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

$686,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA DELSESTO	CHAIR	2.00	Officer Director	$0	$0	$0
IAN KNOWLES	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
JOSEPH KETTELLE	TREASURER	2.00	Officer Director	$0	$0	$0
NOAH BENEDICT	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL FARINA	DIRECTOR	2.00	Director	$0	$0	$0
KEN SEPE	DIRECTOR	2.00	Director	$0	$0	$0
JULIE O'HALLORAN	DIRECTOR	2.00	Director	$0	$0	$0
OBED PAPP	DIRECTOR	2.00	Director	$0	$0	$0
PETER FRIEDMAN MD	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN IANNAZZI	DIRECTOR	2.00	Director	$0	$0	$0
ALISHA BOURDEAU	CHIEF FINANCIAL OFFICER	40.00	Officer	$174,788	$18,997	$193,785
LINDA HURLEY	CHIEF EXECUTIVE OFFICER	40.00	Officer	$250,198	$0	$250,198
DUSTIN ALVANAS	CHIEF OPERATING OFFICER	40.00	Officer	$101,158	$6,342	$107,500
DAVID NEFUSSY	CHIEF BUSINESS OFFICER	40.00	Officer	$134,913	$0	$134,913
JESSICA KEEFE	APRN	40.00	Highest	$110,566	$6,764	$117,330
MICHELLE CRANDALL	APRN	40.00	Highest	$110,342	$0	$110,342

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	$21,261,842	$22,069,945	$13,893,960	$-808,103
2023	$20,674,432	$19,669,083	$12,606,574	$1,005,349
2022	$18,326,322	$17,695,558	$9,958,678	$630,764
2021	$20,562,671	$17,995,876	$7,883,380	$2,566,795
2020	$17,004,240	$17,414,100	$7,049,980	$-409,860
2019	$15,039,699	$14,741,819	$6,070,526	$297,880
2018	$13,558,378	$13,328,816	$5,283,430	$229,562

CODAC INC