TULLY HILL CORPORATION (EIN 161352562) - 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

1990

Legal Domicile

Principal Officer

Cathy L Palm

Phone

3156966114

Tax Period

2023-01-01 to 2023-12-31

TULLY HILL CORPORATION, founded in 1990, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 611% from the prior year, signaling strong growth momentum. Expenses of $5.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

Tully Hill treated 310 inpatients for substance use disorders at detoxification and rehabilitation levels of care. Tully Hill also treated 66 patients in an outpatient setting.

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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 $593,734

Program Service Revenue $3,639,603

Investment Income $25,769

Other Revenue $23,766

TOTAL REVENUE $4,282,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,043,803

Fundraising Expenses $0

Program Expenses $4,179,889

Other Expenses $1,991,052

TOTAL EXPENSES $5,034,855

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,282,872	$602,414	+6.1%
Expenses	$5,034,855	$3,819,191	+0.3%
Net Income	$-751,983	$-3,216,777	-0.8%

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

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

$214,142

Total Directors

$214,142

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cathy L Palm	Executive Dir. and Secretary of the Board of Dir.	40	Officer Director	$214,142	$0	$214,142
Gregory T Serfer	Medical Director	22	Highest	$169,605	$0	$169,605
Mark LeStrange	Marketing/Business Director	40	Highest	$117,232	$0	$117,232
Robert A Ford	Chairman of the Board of Directors	1	Director	$0	$0	$0
Martin A Lynn	Vice Chairman/Treasurer of the Board of Directors	1	Director	$0	$0	$0
Zachary R Benjamin	Board Member	1	Director	$0	$0	$0
Harmony Ayers-Friedlander	Board Member	1	Director	$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	$4,282,872	$5,034,855	$3,316,150	$-751,983
2022	$602,414	$3,819,191	$3,916,258	$-3,216,777
2021	$4,653,210	$4,908,763	$6,752,878	$-255,553
2020	$5,418,595	$5,166,737	$6,887,811	$251,858

TULLY HILL CORPORATION