ADAPT INCORPORATED (EIN 382067327) - 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

MICHELLE SANDAHL

Phone

5172797531

Tax Period

2024-10-01 to 2025-09-30

ADAPT INCORPORATED, founded in 1975, is a community nonprofit in the Human Services sector that reported $5.9M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

ASSIST DEVELOPMENTALLY DISABLED ADULTS.

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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 $0

Program Service Revenue $5,685,294

Investment Income $97,837

Other Revenue $160,464

TOTAL REVENUE $5,943,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,470,713

Fundraising Expenses $0

Program Expenses $5,750,876

Other Expenses $996,123

TOTAL EXPENSES $6,466,836

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,943,595	$6,585,111	-0.1%
Expenses	$6,466,836	$7,021,004	-0.1%
Net Income	$-523,241	$-435,893	+0.2%

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

345

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN ANGELL	MEMBER	N/A	Officer Director	$0	$0	$0
JACK BRANHAM	MEMBER	N/A	Director	$0	$0	$0
MIKE CLARK	MEMBER	N/A	Director	$0	$0	$0
DICK FROST	MEMBER	N/A	Director	$0	$0	$0
JOHN HUTCHINSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
RONDA KOLASSA	MEMBER	N/A	Officer Director	$0	$0	$0
THOMAS KRAMER	MEMBER	N/A	Officer Director	$0	$0	$0
MICHELLE SANDAHL	EXECUTIVE DI	N/A	Director	$0	$0	$0
DEB SHIRE	MEMBER	N/A	Director	$0	$0	$0
LAURA SUTTER	MEMBER	N/A	Director	$0	$0	$0
BRUCE SWEET	VICE PRESIDE	N/A	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
2025	$5,943,595	$6,466,836	$4,547,002	$-523,241
2024	$6,585,111	$7,021,004	$4,896,875	$-435,893
2023	$6,694,107	$6,475,575	$5,009,615	$218,532
2022	$6,092,883	$6,251,408	$5,522,393	$-158,525
2021	$6,059,269	$6,335,493	$5,926,404	$-276,224
2020	$5,879,467	$6,093,153	$5,738,514	$-213,686
2019	$6,575,021	$7,004,762	$5,582,840	$-429,741
2018	$7,007,615	$7,238,593	$5,702,491	$-230,978

ADAPT INCORPORATED