RELIANCE HEALTH INC (EIN 061011343) - 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

1977

Legal Domicile

Principal Officer

CARRIE DYER

Phone

8608876536

Tax Period

2022-07-01 to 2023-06-30

RELIANCE HEALTH INC, founded in 1977, is a mid-sized nonprofit in the Mental Health sector that reported $15.1M in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

RELIANCE HEALTH WORKS WITH ADULTS THAT SUFFER FROM MENTAL ILLNESS BY SUPPORTING THEM THROUGH THEIR RECOVERY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $14,389,169

Program Service Revenue $707,437

Investment Income $16,098

Other Revenue $16,930

TOTAL REVENUE $15,129,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,302,904

Fundraising Expenses $0

Program Expenses $12,774,395

Other Expenses $2,991,683

TOTAL EXPENSES $15,294,587

Year-over-Year Comparison

	2022	2021	Change
Revenue	$15,129,634	$13,978,138	+0.1%
Expenses	$15,294,587	$14,203,575	+0.1%
Net Income	$-164,953	$-225,437	-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

Governance

Voting Members

Independent Members

Employees

329

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

$293,750

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ALLARD	PRESIDENT	0.80	Officer Director	$0	$0	$0
BEN TURNER	BOARD MEMBER	0.80	Director	$0	$0	$0
NICOLE SWEENEY	BOARD MEMBER	0.80	Director	$0	$0	$0
MARIE STONE	BOARD MEMBER	0.80	Director	$0	$0	$0
LINDA SMITH	TREASURER	0.80	Officer Director	$0	$0	$0
JIM SMITH	BOARD MEMBER	0.80	Director	$0	$0	$0
EVANGELINE SARGENT	BOARD MEMBER	0.80	Director	$0	$0	$0
JOHN MERCIER	BOARD MEMBER	0.80	Director	$0	$0	$0
JOHN F MALONE	BOARD MEMBER	0.80	Director	$0	$0	$0
BILL HOPKINS	SECRETARY	0.80	Officer Director	$0	$0	$0
ANGELO CALLIS	VICE PRESIDENT	0.80	Officer Director	$0	$0	$0
ROY BOURQUE	BOARD MEMBER	0.80	Director	$0	$0	$0
SAM BLIVEN	BOARD MEMBER	0.80	Director	$0	$0	$0
WILFRED BLANCHETTE	BOARD MEMBER	0.80	Director	$0	$0	$0
ALISSA MULLIKEN	BOARD MEMBER	0.80	Director	$0	$0	$0
OUTGOING JACK JACOBS	BOARD MEMBER	0.80	Director	$0	$0	$0
AMY O'DAY	CFO	38.00	Officer	$99,307	$15,488	$114,795
CARRIE DYER	CEO	38.00	Officer	$146,187	$32,768	$178,955
JOHN P KEMP	APRN	40.00	Highest	$111,059	$11,694	$122,753
LAURA MELLO	CHIEF HUMAN RESOURCE OFFICER	40.00	Highest	$110,230	$918	$111,148
MIKE VAN	COO	40.00	Highest	$115,875	$20,203	$136,078

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	No data	No data	No data	No data
2023	$15,129,634	$15,294,587	$4,755,291	$-164,953
2022	$13,978,138	$14,203,575	$4,482,161	$-225,437
2021	$14,005,308	$14,136,511	$5,093,297	$-131,203
2020	$13,809,971	$13,966,738	$2,152,931	$-156,767
2019	$13,258,594	$13,169,774	$3,218,436	$88,820
2018	$12,918,792	$12,970,394	$2,579,260	$-51,602

RELIANCE HEALTH INC