APT Foundation Inc

EIN: 237061218 501(c)(3) Mental Health

New Haven, CT

Total Revenue
$36,903,091
Total Expenses
$35,879,357
Total Assets
$29,664,555
Net Assets
$23,709,882
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
CT
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.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
362
Volunteers
10

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
5
$761,527
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
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
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