CORSICA RIVER MENTAL HEALTH SERVICES INC

EIN: 300564734 501(c)(3) Mental Health

CENTREVILLE, MD

Total Revenue
$2,215,539
Total Expenses
$2,536,008
Total Assets
$665,187
Net Assets
$-224,372
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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
2008
Legal Domicile
MD
Principal Officer
KARA MORRIS
Phone
4107583050
Tax Period
2024-07-01 to 2025-06-30

CORSICA RIVER MENTAL HEALTH SERVICES INC, founded in 2008, is a community nonprofit in the Mental Health sector that reported $2.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION IS TO PROVIDE A MENTAL HEALTH PROGRAM DESIGNED TO HELP DEVELOP A WIDE RANGE OF BEHAVIORAL AND SOCIAL COPING SKILLS. THESE SKILLS CAN LEAD TO A REDUCTION IN SYMPTOMS, IMPROVED FUNCTIONING AT HOME, WORK, OR IN THE COMMUNITY, IMPROVED INTERPERSONAL RELATIONSHIPS, AND THE CONFIDENCE TO SUSTAIN THESE IMPROVEMENTS BEYOND TREATMENT.

Program Service Accomplishments

Program 1
Expenses: $2,118,277 Revenue: $2,094,375

MENTAL HEALTH PROFESSIONALS PROVIDE SERVICES DESIGNED TO HELP INDIVIDUALS DEVELOP A WIDE RANGE OF BEHAVIORAL AND SOCIAL COPING SKILLS ON AN OUTPATIENT BASIS.

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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 $121,164
Program Service Revenue $2,052,259
Investment Income $0
Other Revenue $42,116
TOTAL REVENUE $2,215,539

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,768,446
Fundraising Expenses $0
Program Expenses $2,118,277
Other Expenses $767,562
TOTAL EXPENSES $2,536,008

Year-over-Year Comparison

2024 2023 Change
Revenue $2,215,539 $2,494,166 -0.1%
Expenses $2,536,008 $2,669,676 -0.1%
Net Income $-320,469 $-175,510 +0.8%
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

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Governance

Voting Members
5
Independent Members
5
Employees
38
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
4
$200,913
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN ROSENDALE TREASURER 0.50
Officer Director
$0 $0 $0
LAMONTE COOK DIRECTOR 0.50
Director
$0 $0 $0
KAREN TWIGG PRESIDENT 0.50
Officer Director
$0 $0 $0
JENNIFER NUTLEY DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM HILDERBRAND DIRECTOR 0.50
Director
$0 $0 $0
HOLLY IRELAND EXECUTIVE DIRECTOR 0.50
Officer
$0 $342 $106,087
KATIE SCHOONOVER FINANCE DIRECTOR 0.50
Officer
$26,174 $681 $94,826
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 $2,215,539 $2,536,008 $665,187 $-320,469
2024 $2,494,166 $2,669,676 $469,012 $-175,510
2023 $2,584,036 $2,406,779 $495,527 $177,257
2022 $2,121,493 $2,172,900 $402,977 $-51,407
2021 $2,149,739 $2,029,463 $423,030 $120,276
2020 $1,858,392 $1,911,380 $683,819 $-52,988
2019 $1,896,591 $1,958,712 $193,154 $-62,121
2018 $2,036,555 $2,096,021 $264,680 $-59,466
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