INNOVATIVE HEALTHCARE TRAINING INC

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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

2014

Legal Domicile

Principal Officer

DR CRYSTAL L GREENE

Phone

4105534501

Tax Period

2024-01-01 to 2024-12-31

INNOVATIVE HEALTHCARE TRAINING INC, founded in 2014, is a small nonprofit in the Education sector that reported $706K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $639K left a modest 9% surplus.

Mission

OUR MISSION IS TO USE A HOLISTIC APPROACH WITH THE GOAL OF IMPROVING ALL ASPECTS OF LIFE OF INDIVIDUALS WITH MENTAL ILLNESS AND SUBSTANCE USE DISORDERS. OUR PROGRAM IS GUIDED BY PRINCIPLES OF HOPE, RESPECT, PERSON- CENTEREDNESS, AND SELF-DETERMINATION.

Program Service Accomplishments

Program 1

Expenses: $501,335

OMHC - OUTPATIENT MENTAL HEALTH CENTER HAS SUCCESSFULLY REDUCED BARRIERS TO MENTAL HEALTH SERVICES, PROVIDING INDIVIDUALS LOCATED IN RURAL AREAS ACCESS TO MENTAL HEALTH SERVICES INCLUDING THERAPY...

OMHC - OUTPATIENT MENTAL HEALTH CENTER HAS SUCCESSFULLY REDUCED BARRIERS TO MENTAL HEALTH SERVICES, PROVIDING INDIVIDUALS LOCATED IN RURAL AREAS ACCESS TO MENTAL HEALTH SERVICES INCLUDING THERAPY WITH TELEHEALTH OPTIONS AND DIVERSE SERVICES. OUR COMPREHENSIVE RANGE OF SERVICES INCLUDES INDIVIDUAL, GROUP, AND FAMILY THERAPY SESSIONS FOR INDIVIDUALS ACROSS THE LIFESPAN. WE HAVE ESTABLISHED STRONG PARTNERSHIPS WITH LOCAL ORGANIZATIONS AND HEALTHCARE PROVIDERS PROMOTING MENTAL HEALTH AWARENESS, REFERRALS, AND COORDINATION OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $279

Program Service Revenue $705,666

Investment Income $0

Other Revenue $0

TOTAL REVENUE $705,945

Expense Breakdown

Grants Paid $0

Salaries & Benefits $477,563

Fundraising Expenses $0

Program Expenses $501,335

Other Expenses $161,837

TOTAL EXPENSES $639,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$705,945	$462,353	+0.5%
Expenses	$639,400	$481,481	+0.3%
Net Income	$66,545	$-19,128	-4.5%

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

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

$252,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CRYSTAL L GREENE	CEO & PRESID	40.00	Officer	$252,000	$0	$252,000
DARLENE BLACK	PRESIDENT	1.00	Officer Director	$0	$0	$0
BETTY BONDS	TREASURER	1.00	Officer Director	$0	$0	$0
MICHELLE HESLOP	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBIN LEWIS	VICE PRESIDE	1.00	Officer 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
2024	$705,945	$639,400	$85,746	$66,545
2022	$268,975	$232,057	$37,839	$36,918