DROSTE MENTAL HEALTH 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

1923

Legal Domicile

Principal Officer

ELIZABETH T PEABODY

Phone

2128894042

Tax Period

2023-01-01 to 2023-12-31

DROSTE MENTAL HEALTH SERVICES INC, founded in 1923, is a small nonprofit that reported $537K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $120K, a strong 22% operating margin.

Mission

PROVIDES COUNSELING TO PEOPLE OF ANY NATIONALITY, RELIGION, SEXUAL ORIENTATION OR RACE WHO ARE EXPERIENCING DIFFICULTIES AT HOME, AT WORK, IN SCHOOL OR IN RELATIONSHIPS. AFFORDABLE SERVICES FEES ARE BASED ON A SLIDING SCALE.

Program Service Accomplishments

Program 1

Expenses: $358,012 Revenue: $216,169

MENTAL HEALTH SERVICES ARE PROVIDED TO CHILDREN, ADULTS, COUPLES, GOUPS WHO ARE EXPERIENCING A RANGE OF SOCIAL/EMOTIONAL STRESSES DUE TO TROUBLED PERSONAL OR FAMILY EXPERIENCES, DEPRESSION, ANXIETY, BEREAVEMENT, TRAUMA, ADDICTION, OR LOW SELF-ESTEEM, AND UNDER/UNEMPLOYMENT. THE ORGANIZATION WORKS WITH 12 PARTNERING ORGANIZATIONS TO MATCH CLIENTS WITH MENTAL HEALTH PROFESSIONALS. DURING 2024, WE FACILIATED 3,412 SESSIONS WITH QUALIFIED MENTAL PROVIDERS FOR OUR 221 CLIENTS. AS A NOT FOR PROFIT ORGANIZATION, WIH A MISSION TO MAKE MENTAL HEALTH SERVICES AFFORDABLE, WE OFFER SESSIONS AT DISCOUNTED RATES. FOR 2023, THE AVERAGE SESSION RATE WAS 88, WITH THE LOWEST BEING 15. THAT CAME TO A SAVINGS OF APPROXIMATELY 449,246 FOR CLIENTS WITH LIMITED FINANCIAL RESOURCES.

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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 $189,806

Program Service Revenue $216,169

Investment Income $60

Other Revenue $130,898

TOTAL REVENUE $536,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,896

Fundraising Expenses $0

Program Expenses $358,012

Other Expenses $215,922

TOTAL EXPENSES $416,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$536,933	$414,867	+0.3%
Expenses	$416,818	$536,566	-0.2%
Net Income	$120,115	$-121,699	-2.0%

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

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH STROLE	EXECUTIVE DI	40.00	Officer	$120,000	$0	$120,000
JACQUES DEBROT	TRUSTEE	N/A	Director	$0	$0	$0
VICTORIA DINSELL	TRUSTEE	N/A	Director	$0	$0	$0
KARA GROPLER	TRUSTEE	N/A	Director	$0	$0	$0
SR PAULETT LOMONACO	TRUSTEE	N/A	Director	$0	$0	$0
CARRI LYON	SECRETARY	N/A	Director	$0	$0	$0
KEVIN MCLAUGHLIN	TRUSTEE	N/A	Director	$0	$0	$0
SR ROSALYN MENARD	TRUSTEE	N/A	Director	$0	$0	$0
JEANNINE HAGGERTY	TREASURER	N/A	Officer	$0	$0	$0
ELIZABETH T PEABODY	PRESIDENT	N/A	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
2024	No data	No data	No data	No data
2023	$536,933	$416,818	$237,515	$120,115
2022	$414,867	$536,566	$117,334	$-121,699
2021	$483,410	$482,298	$238,974	$1,112
2020	$452,332	$422,667	$237,799	$29,665
2019	$354,994	$368,512	$208,042	$-13,518
2018	$343,366	$343,007	$221,368	$359