CORSICA RIVER MENTAL HEALTH SERVICES INC (EIN 300564734) - 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

2008

Legal Domicile

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 COMMUNITY BASED OUTPATIENT MENTAL HEALTH CLINIC SERVING PEOPLE OF ALL AGES WHO HAVE A MENTAL HEALTH CONDITION.

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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 $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

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

$200,913

Total Directors

Key Employees

Highest Compensated

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

CORSICA RIVER MENTAL HEALTH SERVICES INC