PROJECT CURE 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

1970

Legal Domicile

Principal Officer

HERMAN ERVING

Phone

9372623500

Tax Period

2021-07-01 to 2022-06-30

PROJECT CURE INC, founded in 1970, is a community nonprofit that reported $2.4M in total revenue in fiscal year 2021. Revenue decreased 14% compared to the prior year.

Mission

PROJECT CURE INC'S MISSION IS TO HELP TRANSFORM INDIVIDUALS WHO ARE OPIOID DEPENDENT BY EMPOWERING THEM TO LIVE A LIFESTYLE FREE OF ADDICTION. PROJECT CURE PROVIDES COMPREHENSIVE, RECOVERY ORIENTED SUBSTACE ABUSE TREATMENT WITH DIGNITY AND RESPECT. PROFESSIONAL AND ACCREDITED SERVICERS INCLUDE COUNSELING, METHODONE ADMINISTRATION AND CASE MANAGEMENT. WE BECOME SUPPORTIVE PARTNERS WITH OUR COMMMUNITY BY CREATING PRODUCTIVE CITIZENS THROUGH OUT THEIR RECOVERY FROM SUBSTANCE ABUSE IN A SAFE AND ACCOUNTABLE MANNER.

Program Service Accomplishments

Program 1

Expenses: $399,150

PROVIDE GROUP AND INDIVIDUAL COUNSELING SESSIONS TO CONSUMERS. THE RENDERING PROVIDERS ENCOURAGE ABSTINENCE FROM DRUG USE, CHANGE PERSONAL LIFESTYLES OF THE CONSUMER AS WELL AS EDUCATE PLACES AND...

PROVIDE GROUP AND INDIVIDUAL COUNSELING SESSIONS TO CONSUMERS. THE RENDERING PROVIDERS ENCOURAGE ABSTINENCE FROM DRUG USE, CHANGE PERSONAL LIFESTYLES OF THE CONSUMER AS WELL AS EDUCATE PLACES AND TRIGGERS WHICH EXPOSE CONSUMERS TO RELAPSE TENDENCIES. PROJECT CURE INC, PROVIDED SUBSTANCE USE DISORDER SERVICES TO OVER 1,000 CONSUMERS.

Program 2

Expenses: $1,249,461

METHODONE ADMINISTRATION, SUBOXONE AND VIVITROL ARE CENTERED ON MAINTAINING CONSUMER(S) DRUG FREE LIFESTYLES AS WELL AS A FORM OF DETOXIFICATION ALLOWING FOR THE PROCESS OF LEADING PRODUCTIVE...

METHODONE ADMINISTRATION, SUBOXONE AND VIVITROL ARE CENTERED ON MAINTAINING CONSUMER(S) DRUG FREE LIFESTYLES AS WELL AS A FORM OF DETOXIFICATION ALLOWING FOR THE PROCESS OF LEADING PRODUCTIVE LIFESTYLES.

Program 3

Expenses: $41,519

PREVENTION, EDUCATION AND ASSESSMENTS. PROGRAM EXPENSES CONSIST OF GENRAL PROGRAM FUNCTIONS LIKE ASSESSMENT, INTERVENTION, AND ALTERNATIVES, BUT DO NOT FIT INTO THE DESCRIPTION OF THE MAIN PROGRAMS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $432,604

Program Service Revenue $1,839,270

Investment Income $4,200

Other Revenue $130,672

TOTAL REVENUE $2,406,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,609,618

Fundraising Expenses $0

Program Expenses $1,690,130

Other Expenses $952,826

TOTAL EXPENSES $2,562,444

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,406,746	$2,808,329	-0.1%
Expenses	$2,562,444	$3,502,861	-0.3%
Net Income	$-155,698	$-694,532	-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

Total Directors

Key Employees

$214,033

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK BRUNO	MEDICAL	40.00	Key Emp	$214,033	$0	$214,033
PATRICIA D DUNGY	VICE CHAIR	2.00	Director	$0	$0	$0
SHIRLEY HOLEMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL WHITE JD	BOARD MEMBER	2.00	Director	$0	$0	$0
VIRGIL MCDANIEL	BOARD MEMBER	2.00	Director	$0	$0	$0
CHERYL CAIN SCROGGINS	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTOPHER SHAW	BOARD MEMBER	2.00	Director	$0	$0	$0
FRED STEED	BOARD CHAIR	2.00	Director	$0	$0	$0
DERRICK STRAHORN	BOARD MEMBER	2.00	Director	$0	$0	$0
TONY YANCEY	BOARD MEMBER	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
2022	$2,406,746	$2,562,444	$4,094,111	$-155,698
2021	$2,808,329	$3,502,861	$4,677,455	$-694,532
2020	$2,388,378	$3,061,787	$5,027,325	$-673,409
2019	$2,559,313	$3,082,918	$5,705,533	$-523,605
2018	$3,057,922	$3,686,905	$6,232,348	$-628,983