HEALTH RECOVERY SERVICES INC (EIN 310870694) - 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

1975

Legal Domicile

Principal Officer

Ellen Martin

Phone

7405926724

Tax Period

2024-07-01 to 2025-06-30

HEALTH RECOVERY SERVICES INC, founded in 1975, is a mid-sized nonprofit in the Mental Health sector that reported $10.9M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $12.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

Health Recovery Services, Inc. is an abstinence based behavioral healthcare resource providing consumer centered services to improve the quality of life for individuals, families, and communities. (1967 clients)

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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 $3,012,044

Program Service Revenue $7,873,319

Investment Income $12,506

Other Revenue $0

TOTAL REVENUE $10,897,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,627,628

Fundraising Expenses $0

Program Expenses $9,903,616

Other Expenses $3,420,462

TOTAL EXPENSES $12,048,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,897,869	$13,756,170	-0.2%
Expenses	$12,048,090	$13,097,137	-0.1%
Net Income	$-1,150,221	$659,033	-2.7%

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

196

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

$440,024

Total Directors

Key Employees

$555,107

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGINA SMITH	DIRECTOR OF FISCAL SERVICES	40	Officer	$123,241	$29,711	$152,952
BONNIE WILLIAMS	DIRECTOR OF NURSING	40	Key Emp	$121,165	$29,711	$150,876
LAUREN LOVE	NURSE PRACTITIONER	40	Key Emp	$106,939	$42,918	$149,857
ELLEN MARTIN	EXECUTIVE DIRECTOR	40	Officer	$132,123	$14,113	$146,236
NANCY DOTSON BULSTROM	DIRECTOR OF HUMAN RESOURCES	40	Officer	$111,125	$29,711	$140,836
BRENDA DEQUASIE	DIRECTOR OF NURSING	40	Key Emp	$139,024	$0	$139,024
HOLLY WELLS	NURSE PRACTIONER	40	Key Emp	$115,350	$0	$115,350
JAMES R GASKELL	PRESIDENT	1	Director	$0	$0	$0
KELLY GORSCAK	VICE PRESIDENT	1.0	Director	$0	$0	$0
ANN ADDINGTON	SECRETARY/TREASURER	1.0	Director	$0	$0	$0
RICHARD HAYES	BOARD MEMBER	1.0	Director	$0	$0	$0
PEGGY LIONBERGER	BOARD MEMBER	1.0	Director	$0	$0	$0
JOELLEN SHEROW	BOARD MEMBER	1.0	Director	$0	$0	$0
SHARON PARSONS	BOARD MEMBER	1.0	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	$10,897,869	$12,048,090	$7,824,112	$-1,150,221
2024	$13,756,170	$13,097,137	$9,638,376	$659,033
2023	$13,709,755	$12,695,096	$9,962,100	$1,014,659
2022	$12,930,618	$12,111,067	$8,763,230	$819,551
2021	$14,007,523	$11,567,308	$8,394,889	$2,440,215
2020	$10,992,077	$11,567,717	$6,877,844	$-575,640
2019	$10,156,607	$10,893,521	$6,042,355	$-736,914
2018	$9,866,360	$11,237,595	$6,191,443	$-1,371,235

HEALTH RECOVERY SERVICES INC