RECOVERY INSTITUTE OF SOUTHWEST MICHIGAN INCORPORATED

EIN: 450546528 501(c)(3) Mental Health

KALAMAZOO, MI

Total Revenue
$2,519,215
Total Expenses
$1,326,341
Total Assets
$1,757,236
Net Assets
$1,284,229
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
MI
Principal Officer
SEAN HARRIS
Phone
2693436725
Tax Period
2023-10-01 to 2024-09-30

RECOVERY INSTITUTE OF SOUTHWEST MICHIGAN INCORPORATED, founded in 2006, is a community nonprofit in the Mental Health sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 131% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 47% operating margin.

Mission

TO PROVIDE MEMBERS THE OPPORTUNITY TO REVOLUTIONIZE RECOVERY AND WELLNESS SERVICES AND TO OPTIMIZE CHOICE, BENEFITS, AND SUPPORT BY POOLING RESOURCES, SKILL, AND POWER WITH A COLLECTIVE VOICE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,171,000
Program Service Revenue $1,347,692
Investment Income $0
Other Revenue $523
TOTAL REVENUE $2,519,215

Expense Breakdown

Grants Paid $0
Salaries & Benefits $848,098
Fundraising Expenses $0
Program Expenses $1,048,383
Other Expenses $478,243
TOTAL EXPENSES $1,326,341

Year-over-Year Comparison

2023 2022 Change
Revenue $2,519,215 $1,089,888 +1.3%
Expenses $1,326,341 $1,069,191 +0.2%
Net Income $1,192,874 $20,697 +56.6%
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

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Governance

Voting Members
9
Independent Members
9
Employees
29
Volunteers
48

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
5
$110,083
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEAN HARRIS EXECUTIVE DI 40.00
Officer
$77,250 $32,833 $110,083
ANNA PERKINS PRESIDENT 0.50
Officer Director
$0 $0 $0
SAMANTHA SOJKA VICE PRESIDE 0.50
Officer Director
$0 $0 $0
RYAN JOHNSON TREASURER 0.50
Officer Director
$0 $0 $0
ERICA KURAS SECRETARY 0.50
Officer Director
$0 $0 $0
APRIL ANDERS BOARD MEMBER 0.50
Director
$0 $0 $0
ARIAS CRUSE BOARD MEMBER 0.50
Director
$0 $0 $0
COREY DEAN BOARD MEMBER 0.50
Director
$0 $0 $0
WARREN DUNN BOARD MEMBER 0.50
Director
$0 $0 $0
KAVIN RUSSELL BOARD MEMBER 0.50
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
2024 $2,519,215 $1,326,341 $1,757,236 $1,192,874
2023 $1,089,888 $1,069,191 $635,886 $20,697
2022 $898,853 $897,681 $221,219 $1,172
2021 $865,237 $871,480 $237,087 $-6,243
2020 $932,553 $935,754 $266,281 $-3,201
2019 $987,421 $983,629 $247,833 $3,792
2018 $960,743 $936,164 $245,409 $24,579
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