CENTERSTONE FOUNDATION

EIN: 261186476 501(c)(3) Mental Health

NASHVILLE, TN

Total Revenue
$5,877,562
Total Expenses
$5,557,500
Total Assets
$23,340,424
Net Assets
$23,121,825
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IN
Principal Officer
RAMONA RHODES
Phone
6154636610
Tax Period
2024-07-01 to 2025-06-30

CENTERSTONE FOUNDATION, founded in 2007, is a community nonprofit in the Mental Health sector that reported $5.9M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $5.6M left a modest 5% surplus.

Mission

WE ARE DEDICATED TO DELIVERING CARE THAT CHANGES PEOPLE'S LIVES.THE CENTERSTONE FOUNDATION SECURES PHILANTHROPIC RESOURCES TO SUPPORT CENTERSTONE'S MISSION OF "DELIVERING CARE THAT CHANGES PEOPLE'S LIVES" BOTH NOW AND IN THE FUTURE. IN ADDITION TO SECURING PHILANTHROPIC RESOURCES FOR ITS AFFILIATES AND THE PEOPLE WE SERVE, THE FOUNDATION IS CHARGED WITH PROVIDING EFFECTIVE STEWARDSHIP OF ENDOWMENTS, INCLUDING INVESTMENT AND DISBURSEMENTS. WE ARE DEDICATED TO IMPROVING THE QUALITY OF LIFE OF THE INDIVIDUALS AND FAMILIES WHO COME TO CENTERSTONE FOR CARE.

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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 $4,154,844
Program Service Revenue $0
Investment Income $298,143
Other Revenue $1,424,575
TOTAL REVENUE $5,877,562

Expense Breakdown

Grants Paid $3,633,450
Salaries & Benefits $1,463,427
Fundraising Expenses $0
Program Expenses $4,854,036
Other Expenses $460,623
TOTAL EXPENSES $5,557,500

Year-over-Year Comparison

2024 2023 Change
Revenue $5,877,562 $10,669,836 -0.4%
Expenses $5,557,500 $3,651,554 +0.5%
Net Income $320,062 $7,018,282 -1.0%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
12
Volunteers
13

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
$384,708
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE SPEARS REGIONAL FINANCE OFFICER 1.00
Officer
$0 $21,842 $226,448
RAMONA RHODES FOUNDATION PRESIDENT 40.00
Officer
$149,073 $9,187 $158,260
BRUCE BARRICK CHAIR 2.00
Officer Director
$0 $0 $0
TIMOTHY KNOWLES VICE CHAIR 2.00
Officer Director
$0 $0 $0
JACK WALLACE SECRETARY 2.00
Officer Director
$0 $0 $0
JOHN VOIGT DIRECTOR 2.00
Director
$0 $0 $0
RICHARD FITZGERALD DIRECTOR 2.00
Director
$0 $0 $0
REV JAMES GOLDEN DIRECTOR 2.00
Director
$0 $0 $0
DR KEVIN HAMILTON DIRECTOR 2.00
Director
$0 $0 $0
TOM MAHLER DIRECTOR 2.00
Director
$0 $0 $0
RONDA DUNN DIRECTOR 2.00
Director
$0 $0 $0
NEDDA POLLACK DIRECTOR 2.00
Director
$0 $0 $0
MARY WILSON DIRECTOR 2.00
Director
$0 $0 $0
LAURA WEINLAND YOUNG DIRECTOR 2.00
Director
$0 $0 $0
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 $5,877,562 $5,557,500 $23,340,424 $320,062
2024 $10,669,836 $3,651,554 $21,672,329 $7,018,282
2023 $3,395,771 $3,145,779 $13,988,410 $249,992
2022 $4,584,900 $3,707,136 $12,854,505 $877,764
2021 $4,135,761 $2,405,443 $14,569,882 $1,730,318
2020 $3,148,699 $2,502,550 $12,160,890 $646,149
2019 $4,377,174 $2,852,254 $12,686,777 $1,524,920
2018 $4,018,702 $4,587,941 $11,630,979 $-569,239
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