KAREN HORNEY CLINIC 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

1955

Legal Domicile

Principal Officer

DR HENRY PAUL

Phone

2128384333

Tax Period

2024-07-01 to 2025-06-30

KAREN HORNEY CLINIC INC, founded in 1955, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $455K, a strong 17% operating margin.

Mission

TO PROVIDE AMBULATORY DIAGNOSTIC AND MENTAL HEALTH TREATMENT SERVICES TO ADULTS, ADOLESCENTS AND CHILDREN WHO HAVE A DIAGNOSIS OF MENTAL ILLNESS.

Program Service Accomplishments

Program 1

Expenses: $1,958,488 Revenue: $2,641,743

THE ORGANIZATION PROVIDES AMBULATORY DIAGNOSTIC AND MENTAL HEALTH TREATMENT SERVICES TO ADULTS, ADOLESCENTS AND CHILDREN WHO HAVE A DIAGNOSIS OF A MENTAL ILLNESS. IN THE YEAR ENDED JUNE 30, 2025, THE CLINIC PROVIDED OVER 21,000 PATIENT CARE SESSIONS. THE GOALS OF THE CLINIC INCLUDE THE DEVELOPMENT OF A PLAN OF CARE DESIGNATED TO NOT ONLY MINIMIZE SYMPTOMS AND ADVERSE EFFECTS OF ILLNESS BUT ALSO TO MAXIMIZE WELLNESS AND PROMOTE RECOVERY TOWARDS THE ACHIEVEMENTS OF LIFE GOALS, SUCH AS BUT NOT LIMITED TO, EDUCATION AND EMPLOYMENT.

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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 $250

Program Service Revenue $2,641,743

Investment Income $108,794

Other Revenue $164

TOTAL REVENUE $2,750,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,285,581

Fundraising Expenses $0

Program Expenses $1,958,488

Other Expenses $1,010,206

TOTAL EXPENSES $2,295,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,750,951	$2,433,124	+0.1%
Expenses	$2,295,787	$2,120,137	+0.1%
Net Income	$455,164	$312,987	+0.5%

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

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

$459,245

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BAGDADI	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT FRIEDMAN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT J BREGMAN	SECETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JANE MATTHEWS	MEMBER	1.00	Director	$0	$0	$0
HENRY A PAUL	EXECUTIVE DIR/PSYCHIATRIST	40.00	Officer	$420,673	$38,572	$459,245
CRAIG FULLER	ASSISTANT EXECUTIVE DIRECTOR/THERAPIST	40.00	Highest	$135,000	$6,753	$141,753

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	$2,750,951	$2,295,787	$9,649,952	$455,164
2024	$2,433,124	$2,120,137	$8,899,314	$312,987
2023	$2,527,705	$2,045,201	$8,258,989	$482,504
2022	$2,475,221	$2,080,459	$7,704,011	$394,762
2021	$2,636,284	$2,091,029	$7,525,353	$545,255
2020	$2,560,407	$2,080,373	$7,008,986	$480,034
2019	$2,510,121	$1,948,846	$6,363,031	$561,275