COCHRAN RECOVERY SERVICES INC (EIN 411234378) - 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

1973

Legal Domicile

Principal Officer

DAVID VENNES

Phone

6514374209

Tax Period

2024-01-01 to 2024-12-31

COCHRAN RECOVERY SERVICES INC, founded in 1973, is a community nonprofit in the Mental Health sector that reported $7.4M in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring.

Mission

PROVIDING TREATMENT FOR PERSONS WITH SUBSTANCE USE AND MENTAL HEALTH DISORDERS.

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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 $7,407,200

Investment Income $7

Other Revenue $2,054

TOTAL REVENUE $7,409,261

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,420,693

Fundraising Expenses $0

Program Expenses $5,109,420

Other Expenses $3,878,533

TOTAL EXPENSES $7,299,226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,409,261	$13,449,320	-0.4%
Expenses	$7,299,226	$4,052,803	+0.8%
Net Income	$110,035	$9,396,517	-1.0%

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

N/A

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

$2,191,714

Total Directors

$2,090,581

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH ROBERTS	CHAIR	1.00	Officer Director	$0	$136,807	$455,389
ANGELA HANSEN	SECRETARY	1.00	Officer Director	$0	$20,238	$207,052
TOM MEIER	TREASURER	1.00	Officer Director	$0	$270,291	$650,610
MONIQUE BOURGEOIS	DIRECTOR	1.00	Director	$0	$107,003	$346,582
JOHN MILLER	DIRECTOR	1.00	Director	$0	$179,490	$430,948
DAVID VENNES	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$398,650	$878,663
MARIAN SPIESS	RESIDENTIAL SERVICES DIRECTOR	10.00	Highest	$0	$25,280	$234,425
STEPHEN BRENNAN	PROGRAM DIRECTOR	50.00	Highest	$173,529	$24,361	$197,890
MATTIE SCHUETTE	PROGRAM MANAGER	50.00	Highest	$104,126	$23,427	$127,553
KAREN HUNTER	COUNSELOR	50.00	Highest	$101,382	$0	$101,382

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
2024	$7,409,261	$7,299,226	$11,107,715	$110,035
2023	$15,094,362	$4,152,166	$12,240,884	$10,942,196
2022	$3,804,946	$3,431,867	$1,892,112	$373,079
2021	$3,389,258	$3,228,577	$1,839,675	$160,681
2020	$3,341,524	$3,165,768	$1,436,716	$175,756
2019	$3,221,372	$3,053,423	$794,050	$167,949
2018	$3,435,422	$4,272,879	$641,544	$-837,457

COCHRAN RECOVERY SERVICES INC