MENTAL HEALTH AMERICA OF WEST CENTRAL INDIANA INC (EIN 208762173) - 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

2007

Legal Domicile

Principal Officer

PAUL LOCKHART

Phone

8122325681

Tax Period

2023-01-01 to 2023-12-31

MENTAL HEALTH AMERICA OF WEST CENTRAL INDIANA INC, founded in 2007, is a community nonprofit in the Mental Health sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 241% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 68% operating margin.

Mission

TO PROMOTE MENTAL HEALTH IN THE GENERAL PUBLIC AS AN ADVOCATE FOR BETTER SERVICES FOR THE MENTALLY ILL AND TO WORK TOWARD PREVENTION OF MENTAL ILLNESS IN VIGO COUNTY, INDIANA.

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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 $2,268,836

Program Service Revenue $219,933

Investment Income $18,964

Other Revenue $33,853

TOTAL REVENUE $2,541,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $499,490

Fundraising Expenses $0

Program Expenses $782,926

Other Expenses $320,360

TOTAL EXPENSES $819,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,541,586	$744,389	+2.4%
Expenses	$819,850	$723,801	+0.1%
Net Income	$1,721,736	$20,588	+82.6%

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

$70,297

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOCKHART PAUL	CHAIR	10.00	Officer Director	$0	$0	$0
VOLKL WHITNEY	VICE CHAIR	0.00	Officer Director	$0	$0	$0
ALLSUP JASE	SECRETARY	0.00	Officer Director	$0	$0	$0
CHRISTIAN JENNIFER	BOARD MEMBER	0.00	Director	$0	$0	$0
WHITT ANDY	BOARD MEMBER	0.00	Director	$0	$0	$0
ALBIN CARY	BOARD MEMBER	0.00	Director	$0	$0	$0
PATTERSON BEN	BOARD MEMBER	0.00	Director	$0	$0	$0
MCCARTER TARENCE	BOARD MEMBER	0.00	Director	$0	$0	$0
BENNETT JACKIE	BOARD MEMBER	0.00	Director	$0	$0	$0
JACKSON SUMALAYO	BOARD MEMBER	0.00	Director	$0	$0	$0
KIRK MEGAN	BOARD MEMBER	0.00	Director	$0	$0	$0
WILKINSON SARAH	BOARD MEMBER	0.00	Director	$0	$0	$0
COBB SUSAN	BOARD MEMBER	0.00	Director	$0	$0	$0
PRICE MATTHEW	BOARD MEMBER	0.00	Director	$0	$0	$0
WILKEY MYRA	EXECUTIVE DIRECTOR	40.00	Officer	$70,297	$0	$70,297

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	$2,541,586	$819,850	$3,795,910	$1,721,736
2022	$744,389	$723,801	$2,624,153	$20,588
2021	$705,920	$501,308	$1,919,601	$204,612
2020	$396,795	$495,634	$1,764,419	$-98,839

MENTAL HEALTH AMERICA OF WEST CENTRAL INDIANA INC