ADIPSY

EIN: 461951781 501(c)(3) Health Care

CHESAPEAKE, VA

Total Revenue
$39,781
Total Expenses
$326,007
Total Assets
$719,739
Net Assets
$712,785
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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
2015
Legal Domicile
VA
Principal Officer
CHRISTLYNN MCCLOUD
Phone
7574360697
Tax Period
2023-01-01 to 2023-12-31

ADIPSY, founded in 2015, is a micro nonprofit in the Health Care sector that reported $40K in total revenue in fiscal year 2023. Expenses of $326K exceeded revenue, resulting in a 720% operating deficit.

Mission

THE HEART OF ADIPSY IS TO PROVIDE RESTORATION AWAY FROM THE DIFFICULTIES OF CANCER.

Program Service Accomplishments

Program 1
Expenses: $247,076

ADIPSY PROVIDES GETAWAYS FOR CANCER PATIENTS AND THEIR FAMILIES TO EXPERIENCE REST AND RELAXATION AWAY FROM THE HARDSHIPS THAT CANCER BRINGS.

Program 2
Expenses: $58,195

HOSTING SUPPORT EVENTS WHERE PATIENTS CONNECT WITH OTHER PATIENTS AND FAMILIES UNDERGOING TREATMENT TO ENCOURAGE HOPE AND HAPPINESS THROUGH THEIR CIRCUMSTANCES.

Program 3

FINANCIAL SUPPORT FOR PATIENTS WHO ARE FACING FINANCIAL HARDSHIPS DUE TO THEIR DIAGNOSIS AND TREATMENT.

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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 $10,106
Program Service Revenue $35,846
Investment Income $-65,301
Other Revenue $59,130
TOTAL REVENUE $39,781

Expense Breakdown

Grants Paid $0
Salaries & Benefits $69,089
Fundraising Expenses $4,019
Program Expenses $305,271
Other Expenses $256,918
TOTAL EXPENSES $326,007

Year-over-Year Comparison

2023 2022 Change
Revenue $39,781 $-582,783 -1.1%
Expenses $326,007 $272,816 +0.2%
Net Income $-286,226 $-855,599 -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

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Governance

Voting Members
4
Independent Members
2
Employees
2
Volunteers
4

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
$7,200
Total Directors
4
$7,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTLYNN MCCLOUD CEO & FOUNDE 25.00
Officer Director
$7,200 $0 $7,200
WILLIAM MCCLOUD CEO & FOUNDE 5.00
Officer Director
$0 $0 $0
SEAN ROE SECRETARY TR 2.00
Officer Director
$0 $0 $0
BOB GROVES BOARD MEMBER 2.00
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
2024 No data No data No data No data
2023 $39,781 $326,007 $719,739 $-286,226
2022 $-582,783 $272,816 $1,001,531 $-855,599
2021 $127,519 $218,535 $1,954,857 $-91,016
2020 $255,317 $208,978 $2,047,063 $46,339
2019 $1,837,173 $187,416 $1,999,854 $1,649,757
2018 $108,740 $145,846 $359,530 $-37,106
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