ADVOCATES INC (EIN 237451423) - 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

1975

Legal Domicile

Principal Officer

DIANE GOULD

Phone

5086286300

Tax Period

2023-07-01 to 2024-06-30

ADVOCATES INC, founded in 1975, is a major nonprofit in the Mental Health sector that reported $160.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

WE PARTNER WITH INDIVIDUALS, FAMILIES, AND COMMUNITIES TO SHAPE CREATIVE SOLUTIONS TO EVEN THE GREATEST LIFE CHALLENGES. FIRST WE LISTEN. THEN, TOGETHER, WE DO WHAT IT TAKES TO HELP PEOPLE THRIVE.

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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 $6,021,530

Program Service Revenue $148,393,225

Investment Income $373,544

Other Revenue $5,584,199

TOTAL REVENUE $160,372,498

Expense Breakdown

Grants Paid $19,748

Salaries & Benefits $118,288,997

Fundraising Expenses $901,604

Program Expenses $133,721,276

Other Expenses $44,205,650

TOTAL EXPENSES $162,514,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,372,498	$147,477,334	+0.1%
Expenses	$162,514,395	$143,643,827	+0.1%
Net Income	$-2,141,897	$3,833,507	-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

2142

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

$1,827,020

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL M WEIR	VICE CHAIR/DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SHERIDAN	TREASURER/DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA G VINTER	VICE CHAIR/DIRECTOR (UNTIL 5/24)	1.00	Director	$0	$0	$0
KAY H HODGE ESQ	DIRECTOR	1.00	Director	$0	$0	$0
ALEX FIDALGO	DIRECTOR	1.00	Director	$0	$0	$0
CHARLENE JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MILLNER-HANLEY	ASSISTANT CLERK/DIRECTOR	1.00	Director	$0	$0	$0
JESSICA KEMP	CHAIR/DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE HUBBARD	CLERK/DIRECTOR	1.00	Director	$0	$0	$0
RICHARD ROVNER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GOULD	DIRECTOR	1.00	Director	$0	$0	$0
MARK O'REILLY	DIRECTOR	1.00	Director	$0	$0	$0
CHARLENE MCENTEE	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE FRAZIER	DIRECTOR	1.00	Director	$0	$0	$0
GARY BUBLY	DIRECTOR	1.00	Director	$0	$0	$0
STEVE BOCZENOWSKI	DIRECTOR (UNTIL 10/23)	1.00	Director	$0	$0	$0
DARREN TONG	DIRECTOR	1.00	Director	$0	$0	$0
JAYA PANDEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL QUINK	DIRECTOR	1.00	Director	$0	$0	$0
DIANE GOULD	PRESIDENT/CEO	40.00	Officer	$324,733	$19,730	$344,463
JEFFREY KEILSON	SVP	40.00	Officer	$254,943	$13,148	$268,091
ANNE PARKER	SVP	40.00	Officer	$245,520	$9,108	$254,628
REGINA MARSHALL	EVP & COO	40.00	Officer	$299,664	$13,000	$312,664
KEITH NEAL	EVP & CFO	40.00	Officer	$299,664	$26,000	$325,664
MARK VIRON	CMO	40.00	Officer	$319,747	$1,763	$321,510
ROBERT KARR	PSYCHIATRIST	40.00	Highest	$236,223	$36,243	$272,466
BRENDA SOARES	SVP	40.00	Highest	$191,257	$18,879	$210,136
ROBERT JOHNSTON	PSYCHIATRIST	40.00	Highest	$271,998	$20,703	$292,701
KAREN WILLIAMS	SVP	40.00	Highest	$203,590	$6,926	$210,516
JANINE TAYLOR	SVP & CHRO	40.00	Highest	$208,590	$35,463	$244,053

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	No data	No data	No data	No data
2024	$160,372,498	$162,514,395	$81,983,686	$-2,141,897
2023	$147,477,334	$143,643,827	$84,337,613	$3,833,507
2022	$134,086,629	$128,936,045	$68,889,354	$5,150,584
2021	$121,380,386	$116,482,726	$63,185,375	$4,897,660
2020	$110,066,513	$107,448,357	$56,331,755	$2,618,156
2019	$101,375,745	$97,727,439	$48,812,940	$3,648,306
2018	$89,009,345	$88,104,004	$43,443,352	$905,341

ADVOCATES INC