ALLEGANY REHABILITATION ASSOCIATES INC (EIN 161174531) - 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

1982

Legal Domicile

Principal Officer

KATHRYN LEWIS

Phone

5855931655

Tax Period

2024-01-01 to 2024-12-31

ALLEGANY REHABILITATION ASSOCIATES INC, founded in 1982, is a community nonprofit in the Mental Health sector that reported $6.1M in total revenue in fiscal year 2024. Expenses of $6.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO OPERATE PSYCHIATRIC TREATMENT PROGRAMS UNDER CONTRACTS WITH VARIOUS COUNTY AND STATE AGENCIES.

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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 $65,462

Program Service Revenue $6,013,028

Investment Income $19

Other Revenue $0

TOTAL REVENUE $6,078,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,025,568

Fundraising Expenses $0

Program Expenses $5,682,113

Other Expenses $1,700,269

TOTAL EXPENSES $6,725,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,078,509	$6,358,539	0.0%
Expenses	$6,725,837	$6,387,221	+0.1%
Net Income	$-647,328	$-28,682	+21.6%

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

$135,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM TALBETT	CHAIR	1.00	Officer Director	$0	$0	$0
DOUG FRANK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PAMELA KIRKWOOD	TREASURER	1.00	Officer Director	$0	$0	$0
VERONICA SCHOLES	SECRETARY	1.00	Officer Director	$0	$0	$0
EDNA KAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHRYN LEWIS	EXECUTIVE DIRECTOR	38.00	Officer	$117,600	$17,483	$135,083
DR RAJA V RAO	MEDICAL DIRECTOR	20.00	Highest	$240,160	$31,009	$271,169
MICHELLE BENNETT	NURSE PRACTITIONER	25.00	Highest	$101,570	$0	$101,570
SUSANNE ROGGOW	NURSE PRACTIONER	40.00	Highest	$217,740	$15,115	$232,855

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	$6,078,509	$6,725,837	$1,500,992	$-647,328
2023	$6,358,539	$6,387,221	$1,007,948	$-28,682
2022	$5,725,257	$6,365,392	$900,938	$-640,135
2021	$5,052,614	$5,260,226	$1,479,534	$-207,612
2020	$5,698,185	$4,883,965	$1,577,018	$814,220
2019	$4,870,941	$5,250,807	$634,614	$-379,866
2018	$4,718,434	$4,630,676	$1,005,915	$87,758

ALLEGANY REHABILITATION ASSOCIATES INC