Nexus Recovery Center Incorporated (EIN 237169388) - 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

1971

Legal Domicile

Principal Officer

Heather Ormand

Phone

2143210156

Tax Period

2023-09-01 to 2024-08-31

Nexus Recovery Center Incorporated, founded in 1971, is a mid-sized nonprofit in the Mental Health sector that reported $13.5M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $15.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

Nexus Recovery Center serves as a community of hope and recovery for all women and their families who strive to live healthy, resilient lives.

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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 $925,227

Program Service Revenue $9,007,309

Investment Income $69,308

Other Revenue $3,449,918

TOTAL REVENUE $13,451,762

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,711,424

Fundraising Expenses $387,176

Program Expenses $12,779,981

Other Expenses $4,399,079

TOTAL EXPENSES $15,110,503

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,451,762	$15,332,170	-0.1%
Expenses	$15,110,503	$12,505,404	+0.2%
Net Income	$-1,658,741	$2,826,766	-1.6%

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

269

Volunteers

202

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICKORIA JOHNSON	PRESIDENT-ELECT	2.00	Director	$0	$0	$0
COURTNEY ROTTMAN	VICE PRESIDENT	2.00	Director	$0	$0	$0
BILLY MURRAY	TREASURER	2.00	Officer Director	$0	$0	$0
ADAM GREENUP	MEMBER AT LARGE	2.00	Officer Director	$0	$0	$0
RACHEL YBARRA	MEMBER AT LARGE	2.00	Director	$0	$0	$0
RENDA MATHEW	MEMBER AT LARGE	2.00	Director	$0	$0	$0
ALISON WATROS	MEMBER	2.00	Director	$0	$0	$0
BART HAMLIN	MEMBER	2.00	Director	$0	$0	$0
BELINDA BOLING	MEMBER	2.00	Director	$0	$0	$0
CARIN MAVRORASAKIS	MEMBER	2.00	Director	$0	$0	$0
HALEY KRAHL	MEMBER	2.00	Director	$0	$0	$0
JENNIFER ASPLUND	MEMBER	2.00	Director	$0	$0	$0
KATHRY BRAND	MEMBER	2.00	Director	$0	$0	$0
LOUISE HALLAM	MEMBER	2.00	Director	$0	$0	$0
MIRIAM ARMIJO	MEMBER	2.00	Director	$0	$0	$0
TERESA LIN	MEMBER	2.00	Director	$0	$0	$0
TYLER RIDDELL	MEMBER	2.00	Director	$0	$0	$0
VALERIE HOWELL	MEMBER	2.00	Director	$0	$0	$0
SHARON KING	PRESIDENT	2.00	Officer	$0	$0	$0
RANI GARCIA	SECRETARY	2.00	Officer	$0	$0	$0
HEATHER ORMAND	CEO	40.00	Highest	$180,701	$0	$180,701
STACEY BURNS	CHIEF CLINICAL OFFICER	40.00	Highest	$140,701	$0	$140,701
RAMESHWAR THAPA	NURSE PRACTITIONER	40.00	Highest	$122,756	$0	$122,756
CAMERON HERNHOLM	CHIEF PHILANTHROPY OFFICER	40.00	Highest	$159,901	$0	$159,901

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	$13,451,762	$15,110,503	$8,257,974	$-1,658,741
2023	$15,332,170	$12,505,404	$9,677,648	$2,826,766
2022	$15,327,628	$11,878,572	$11,270,117	$3,449,056
2021	$10,501,316	$10,739,127	$7,175,066	$-237,811
2020	$9,220,642	$9,966,320	$8,468,240	$-745,678
2019	$9,420,925	$9,299,548	$8,112,362	$121,377
2018	$10,272,973	$8,940,933	$7,979,802	$1,332,040

Nexus Recovery Center Incorporated