HOLCOMB ASSOCIATES INC (EIN 232093566) - 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

1979

Legal Domicile

Principal Officer

STEPHEN DARE

Phone

6103631488

Tax Period

2024-07-01 to 2025-06-30

HOLCOMB ASSOCIATES INC, founded in 1979, is a mid-sized nonprofit in the Mental Health sector that reported $38.0M in total revenue in fiscal year 2024.

Mission

SEE FORM 990, PART III, LINE 1

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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 $137,710

Program Service Revenue $37,787,081

Investment Income $70,476

Other Revenue $0

TOTAL REVENUE $37,995,267

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,890,703

Fundraising Expenses $0

Program Expenses $31,202,871

Other Expenses $11,602,720

TOTAL EXPENSES $37,493,423

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,995,267	$37,628,352	+0.0%
Expenses	$37,493,423	$37,787,228	0.0%
Net Income	$501,844	$-158,876	-4.2%

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

673

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

$2,303,093

Total Directors

Key Employees

$213,520

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC DANIELSON	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
KAREN HOLCOMB	SECRETARY	2.00	Officer Director	$0	$0	$0
LIONEL LYLE	DIRECTOR	2.00	Director	$0	$0	$0
MARK WOODWARD	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL MITCHELL	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA OWENS	DIRECTOR	2.00	Director	$0	$0	$0
MARTIN BRUNK	DIRECTOR	2.00	Director	$0	$0	$0
ANGEL FIGUEROA	DIRECTOR	2.00	Director	$0	$0	$0
JEAN YOUNG GILLIS	DIRECTOR	2.00	Director	$0	$0	$0
CINDY NANASI	DIRECTOR	2.00	Director	$0	$0	$0
NANCY STAISEY	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN DARE	PRESIDENT/CEO	3.00	Officer	$0	$60,015	$837,141
PAMELA Z MEADOWS	CHIEF OPERATING OFFICER	3.00	Officer	$0	$60,741	$593,246
BRIAN K JOHNSON	CHIEF ADMINISTRATIVE OFFICER	3.00	Officer	$0	$67,989	$469,919
KEVIN R ZGORSKI	TREASURER/CFO	3.00	Officer	$0	$20,046	$402,787
NICOLE BROWN	CHIEF OPERATING OFFICER	40.00	Key Emp	$207,744	$5,776	$213,520
ASHLEY D MURRY	CLINICAL DIRECTOR	40.00	Highest	$128,106	$34,147	$162,253
ADELOLA ADEKUNLE	NURSE PRACTITIONER	40.00	Highest	$150,659	$9,936	$160,595
JOSEPH SIMPKINS	DIRECTOR OF OPERATIONS	40.00	Highest	$149,897	$4,391	$154,288
TENESA RIVERA JEFFRESS	PSYCHIATRIST	40.00	Highest	$138,520	$3,440	$141,960
MEGAN C SPIRITO	DIRECTOR OF FINANCE	40.00	Highest	$136,149	$3,993	$140,142
KATHLEEN M MCPEAKE ESQ	FORMER CHIEF COMPLIANCE OFFICER	0.00		$0	$0	$115,385

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	$37,995,267	$37,493,423	$29,191,273	$501,844
2024	$37,628,352	$37,787,228	$23,116,359	$-158,876
2023	$39,405,407	$35,898,459	$21,297,225	$3,506,948
2022	$33,221,581	$31,190,580	$13,421,015	$2,031,001
2021	$30,996,071	$30,195,562	$11,826,497	$800,509
2020	$32,136,398	$33,036,668	$87,519,379	$-900,270
2019	$33,066,118	$33,647,569	$79,318,222	$-581,451
2018	$30,302,868	$30,523,095	$11,694,787	$-220,227

HOLCOMB ASSOCIATES INC