APT Foundation 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

1970

Legal Domicile

Phone

2037814600

Tax Period

2024-07-01 to 2025-06-30

APT Foundation Inc, founded in 1970, is a mid-sized nonprofit in the Mental Health sector that reported $36.9M in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

TO PROMOTE HEALTH AND RECOVERY FOR THOSE WHO LIVE WITH SUBSTANCE USE DISORDERS AND/OR MENTAL ILLNESS.

Program Service Accomplishments

Program 1

Expenses: $24,826,510 Revenue: $28,138,682

TREATMENT PROGRAMS: THE APT FOUNDATION PROVIDES TREATMENT TO INDIVIDUALS WITH SUBSTANCE USE AND MENTAL HEALTH DISORDERS WITH AN EMPHASIS ON TRADITIONALLY UNDERSERVED POPULATIONS. THE FOUNDATION...

TREATMENT PROGRAMS: THE APT FOUNDATION PROVIDES TREATMENT TO INDIVIDUALS WITH SUBSTANCE USE AND MENTAL HEALTH DISORDERS WITH AN EMPHASIS ON TRADITIONALLY UNDERSERVED POPULATIONS. THE FOUNDATION OFFERS TREATMENT PROGRAMS FOR ADULTS THAT ADDRESS THE FULL RANGE OF SUBSTANCES OF ABUSE INCLUDING OPIATES, COCAINE, ALCOHOL AND MULTIPLE ADDICTIONS. PARTIALLY FUNDED BY THE CONNECTICUT DEPARTMENT OF MENTAL HEALTH AND ADDICTION SERVICES, THE APT FOUNDATION IS COMMITTED TO RAPID ACCESS TO TREATMENT, AS WELL AS THE UTILIZATION OF STRATEGIES THAT ENGAGE AND RETAIN PEOPLE IN RECOVERY.

Program 2

Expenses: $2,484,022 Revenue: $374,418

ACCESS TO PRIMARY CARE: OTHER PROGRAMS, SUCH AS ACCESS TO PRIMARY CARE, ARE OFFERED TO ASSIST IN THE TREATMENT OF SUBSTANCE USE AND MENTAL HEALTH DISORDERS, WITH AN EMPHASIS ON TRADITIONALLY...

ACCESS TO PRIMARY CARE: OTHER PROGRAMS, SUCH AS ACCESS TO PRIMARY CARE, ARE OFFERED TO ASSIST IN THE TREATMENT OF SUBSTANCE USE AND MENTAL HEALTH DISORDERS, WITH AN EMPHASIS ON TRADITIONALLY UNDERSERVED POPULATIONS. THE FOUNDATION OFFERS TREATMENT PROGRAMS FOR ADULTS THAT ADDRESS THE FULL RANGE OF SUBSTANCE ABUSE INCLUDING OPIATES, COCAINE, ALCOHOL AND MULTIPLE ADDICTIONS.

Program 3

Expenses: $863,005

ADDICTION RESEARCH: THE APT FOUNDATION, WORKING IN COLLABORATION WITH THE YALE SCHOOL OF MEDICINE, HAS EARNED A REPUTATION FOR EXCELLENCE IN ADDICTION RESEARCH AS WELL AS TREATMENT. THROUGH RESEARCH PROGRAMS SUPPORTED BY STATE AND NATIONAL AGENCIES, SUCH AS THE NATIONAL INSTITUTE ON DRUG ABUSE (NIDA), THE APT FOUNDATION IS AT THE FOREFRONT OF ADDICTION RECOVERY BY DESIGNING TREATMENT PROGRAMS BASED ON RESEARCH OUTCOMES.

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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 $8,202,477

Program Service Revenue $28,507,696

Investment Income $199,624

Other Revenue $-6,706

TOTAL REVENUE $36,903,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,588,820

Fundraising Expenses $0

Program Expenses $28,173,537

Other Expenses $11,290,537

TOTAL EXPENSES $35,879,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,903,091	$38,953,787	-0.1%
Expenses	$35,879,357	$36,748,323	0.0%
Net Income	$1,023,734	$2,205,464	-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

362

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

$761,527

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Janet Ryan	Board Chair	3.0	Officer Director	$0	$0	$0
Jay Broderick	Board Vice Chair	1.0	Officer Director	$0	$0	$0
Valerie Goodkin	Secretary	1.0	Officer Director	$0	$0	$0
Betty Levy	Director	0.5	Director	$0	$0	$0
David Margolis	Director	0.5	Director	$0	$0	$0
Fred Erskine	Director	0.5	Director	$0	$0	$0
Ismene Petrakis	Director	0.5	Director	$0	$0	$0
Lucile Patrone	Director	0.5	Director	$0	$0	$0
Mitchell Gallignano	Director	0.5	Director	$0	$0	$0
Lynn Madden	CEO	37.5	Officer	$421,811	$55,947	$477,758
Michelle Michaud	CFO/Treasurer	37.5	Officer	$269,163	$14,606	$283,769
Daniel Iead	Director Residential Services	37.5	Highest	$139,029	$42,508	$181,537
Julia M Shi	Medical Director Primary Care	37.5	Highest	$249,055	$58,073	$307,128
Katherine Dangelo	APRN	37.5	Highest	$146,284	$22,503	$168,787
Mary Giannotti	APRN	37.5	Highest	$138,415	$46,158	$184,573
Robert M Freeman	Director Clinical Operations	37.5	Highest	$157,464	$24,276	$181,740

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	$36,903,091	$35,879,357	$29,664,555	$1,023,734
2024	No data	No data	No data	No data
2023	$41,887,195	$35,662,065	$25,599,220	$6,225,130
2022	$34,071,289	$33,427,640	$21,404,749	$643,649
2021	$33,170,752	$32,307,199	$20,778,337	$863,553
2020	$31,589,668	$30,674,844	$21,129,344	$914,824
2019	$31,477,807	$30,870,588	$21,368,094	$607,219
2018	$31,604,038	$30,868,301	$20,238,887	$735,737