PASSAGES TO RECOVERY INC (EIN 251296999) - 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

1976

Legal Domicile

Principal Officer

CAROL L BENDER

Phone

4129418401

Tax Period

2023-01-01 to 2023-12-31

PASSAGES TO RECOVERY INC, founded in 1976, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE RECOVERY BASED SERVICES THAT FOCUS ON SUBSTANCE USE WHILE ADDRESSING THE CONTRIBUTING FACTORS OF TRAUMA, MENTAL HEALTH AND FAMILY SYSTEMS.

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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 $15,887

Program Service Revenue $3,881,286

Investment Income $44,790

Other Revenue $0

TOTAL REVENUE $3,941,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,813,829

Fundraising Expenses $7,677

Program Expenses $3,915,463

Other Expenses $1,815,840

TOTAL EXPENSES $4,629,669

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,941,963	$4,579,779	-0.1%
Expenses	$4,629,669	$5,156,195	-0.1%
Net Income	$-687,706	$-576,416	+0.2%

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

Volunteers

N/A

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

$196,859

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC SOBCZAK	PRESIDENT	2.00	Officer Director	$0	$0	$0
AMANDA SKOV	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
TRUDY VAN KIRK MOSEY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SUSAN NIEDBALA	TREASURER	2.00	Officer Director	$0	$0	$0
LISETTE M MCCORMICK	DIRECTOR	2.00	Director	$0	$0	$0
SHERYL KASHUBA	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY HAZEL	DIRECTOR	2.00	Director	$0	$0	$0
JO ANN HALLER	SECRETARY	2.00	Officer Director	$0	$0	$0
PETER LICASTRO	DIRECTOR	2.00	Director	$0	$0	$0
BRAZITTE POOLE	DIRECTOR	2.00	Director	$0	$0	$0
CAROL HERTZ	FORMER EXEC.	40.00	Officer	$41,204	$14,028	$55,232
CAROL L BENDER	EXECUTIVE DI	40.00	Officer	$124,615	$17,012	$141,627

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	No data	No data	No data	No data
2023	$3,941,963	$4,629,669	$8,173,058	$-687,706
2022	$4,579,779	$5,156,195	$9,254,851	$-576,416
2021	$6,786,280	$3,916,478	$9,557,114	$2,869,802
2020	$4,900,981	$3,785,710	$6,774,333	$1,115,271
2019	$4,544,378	$3,811,626	$5,651,250	$732,752
2018	$4,284,872	$3,573,982	$5,250,040	$710,890

PASSAGES TO RECOVERY INC