ADAPTA (EIN 411863432) - 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

1997

Legal Domicile

Principal Officer

FRANK BEKKE

Phone

5072820868

Tax Period

2023-01-01 to 2023-12-31

ADAPTA, founded in 1997, is a community nonprofit in the Health Care sector that reported $3.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $574K, a strong 15% operating margin.

Mission

ADAPTA PROMOTES THE PHYSICAL, EMOTIONAL AND SPIRITUAL WELL-BEING OF INDIVIDUALS WITH BRAIN INJURIES, MENTAL HEALTH CONDITIONS, AND SUBSTANCE USE DISORDERS, IN ADDTION TO A VARIETY OF HEALTH CONCERNS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $14,973

Program Service Revenue $3,792,030

Investment Income $16,790

Other Revenue $0

TOTAL REVENUE $3,823,793

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,313,203

Fundraising Expenses $0

Program Expenses $2,863,221

Other Expenses $936,339

TOTAL EXPENSES $3,249,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,823,793	$3,311,779	+0.2%
Expenses	$3,249,542	$2,979,659	+0.1%
Net Income	$574,251	$332,120	+0.7%

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

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

$100,580

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD HODGE	PRESIDENT	2.00	Officer Director	$0	$0	$0
BETHANY CHRISTENSEN-KUNZ	DIRECTOR	2.00	Director	$0	$0	$0
FRANK BREKKE	TREASURER	2.00	Officer Director	$0	$0	$0
COREY KANZ	VICE PRESIDENT	1.00	Officer	$0	$0	$0
KASI HAGLUND	EXECUTIVE DIRECTOR	40.00	Officer	$97,736	$2,844	$100,580
CATHY FINKEN	SECRETARY	2.00	Officer	$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
2024	No data	No data	No data	No data
2023	$3,823,793	$3,249,542	$4,650,642	$574,251
2022	$3,311,779	$2,979,659	$4,078,853	$332,120
2021	$2,747,796	$2,561,746	$3,791,251	$186,050
2020	$2,404,714	$2,200,247	$3,559,568	$204,467
2019	$1,859,594	$1,666,797	$3,406,871	$192,797

ADAPTA