THE CODEY FUND FOR MENTAL HEALTH INC

EIN: 454566326 501(c)(3) Philanthropy & Grantmaking

CALDWELL, NJ

Total Revenue
$126,717
Total Expenses
$45,985
Total Assets
$520,916
Net Assets
$520,916
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
NJ
Phone
9733259650
Tax Period
2020-01-01 to 2020-12-31

THE CODEY FUND FOR MENTAL HEALTH INC, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $127K in total revenue in fiscal year 2020. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $81K, a strong 64% operating margin.

Mission

FOUNDED IN 2012 BY GOVERNOR RICHARD J. CODEY AND MARY JO CODEY, OUR MISSION IS TO ENSURE THAT COMPASSIONATE, QUALITY MENTAL HEALTHCARE IS ACCESSIBLE TO EVERYONE AND THAT THE STIGMA ASSOCIATED WITH MENTAL ILLNESS IS OVERCOME THROUGH PUBLIC AWARENESS AND EDUCATION.WE LOOK TO A FUTURE WHERE: * MENTAL ILLNESS IS NO LONGER A SOURCE OF SHAME OR EMBARRASSMENT * ACCURATE INFORMATION WITH REGARD TO MENTAL ILLNESS IS WIDELY AVAILABLE * ADEQUATE RESOURCES ARE AVAILABLE TO PROMOTE MENTAL HEALTH * PEOPLE LIVING WITH MENTAL ILLNESS ARE TREATED WITH DIGNITY AND RESPECTDESPITE MAJOR ACCOMPLISHMENTS AND THE PROGRESS ACHEIVED, NEW JERSEY MUST STILL OVERCOME SOME SIGNIFICANT CHALLENGES BEFORE IT CAN REACH THE GOAL OF MAKING QUALITY MENTAL HEALTH CARE AVAILABLE TO ALL THOSE WHO NEED IT. WE ARE CONVINCED THAT WE CAN, AND MUST, DO BETTER.THE CODEY FUND IS COMMITTED TO FINDING THE WILL AND THE MEANS TO PUTTING ASIDE FEAR, BLAME, PUNISHMENT AND EXCLUSION OF INDIVIDUALS WITH MENTAL ILLNESSES AND OFFERING INSTE

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $124,727
Program Service Revenue $0
Investment Income $1,990
Other Revenue $0
TOTAL REVENUE $126,717

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $24,743
Fundraising Expenses $8,466
Program Expenses $15,198
Other Expenses $16,242
TOTAL EXPENSES $45,985

Year-over-Year Comparison

2020 2019 Change
Revenue $126,717 $216,859 -0.4%
Expenses $45,985 $161,508 -0.7%
Net Income $80,732 $55,351 +0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
1
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE BANNON EXECUTIVE DIRECTOR 40.00
$17,750 $0 $17,750
RICHARD J CODEY PRES & TRUSTEE 10.00
Officer Director
$0 $0 $0
ROBERT N DAVISON V. PRES & TRUST 10.00
Officer Director
$0 $0 $0
BARRY R MANDELBAUM SEC & TRUSTEE 2.00
Officer Director
$0 $0 $0
MARY JO CODEY Trustee 1.00
Director
$0 $0 $0
TRINA PARKS Trustee 1.00
Director
$0 $0 $0
ERIC WITMONDT Trustee 1.00
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
2020 $126,717 $45,985 $520,916 $80,732
2019 $216,859 $161,508 $445,026 $55,351
2018 $244,692 $175,815 $385,762 $68,877
Explore More Nonprofits
Top 100 Nonprofits in New Jersey Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE CODEY FUND FOR MENTAL HEALTH INC with other nonprofits in New Jersey and across the country.