STRONGMINDS INC

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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

2013

Legal Domicile

Principal Officer

SEAN MAYBERRY

Phone

9733133166

Tax Period

2024-01-01 to 2024-12-31

STRONGMINDS INC, founded in 2013, is a community nonprofit in the International Affairs sector that reported $9.3M in total revenue in fiscal year 2024.

Mission

RADICALLY EXPAND MENTAL HEALTHCARE FOR PEOPLE WITH DEPRESSION GLOBALLY.

Program Service Accomplishments

Program 1

Expenses: $7,220,414

STRONGMINDS IS A SOCIAL ENTERPRISE THAT RADICALLY EXPANDS MENTAL HEALTHCARE FOR PEOPLE WITH DEPRESSION GLOBALLY.OUR PROVEN, COST-EFFECTIVE MODEL IS BASED ON GROUP INTERPERSONAL PSYCHOTHERAPY, WHICH WE PROVIDE FREE OF CHARGE.SINCE OUR FOUNDING IN 2013, WE HAVE EMBARKED ON INNOVATIVE APPROACHES TO DELIVER THIS THERAPY MODEL AT SCALE. IN 2024 WE TREATED 426,642 PEOPLE WITH DEPRESSION IN UGANDA, ZAMBIA, KENYA, NIGERIA, AND ETHIOPIA. AT THE END OF 2024, WE CEASED A PILOT PROJECT TO TEST OUR MODEL IN THE UNITED STATES.

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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 $9,056,627

Program Service Revenue $0

Investment Income $232,834

Other Revenue $0

TOTAL REVENUE $9,289,461

Expense Breakdown

Grants Paid $6,557,192

Salaries & Benefits $2,160,437

Fundraising Expenses $1,009,321

Program Expenses $7,220,414

Other Expenses $934,161

TOTAL EXPENSES $9,651,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,289,461	$8,736,940	+0.1%
Expenses	$9,651,790	$9,282,757	+0.0%
Net Income	$-362,329	$-545,817	-0.3%

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

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

$433,614

Total Directors

$247,468

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEAN MAYBERRY	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$240,015	$7,453	$247,468
CAROL SQUIRE	BOARD CHAIR	1.50	Officer Director	$0	$0	$0
ELENA ANFIMOVA	TREASURER	1.50	Officer Director	$0	$0	$0
JAMES RUDE	SECRETARY	1.50	Officer Director	$0	$0	$0
JEANNE ESLER	TRUSTEE	1.50	Director	$0	$0	$0
REHMAH KASULE	TRUSTEE	1.50	Director	$0	$0	$0
MILLY KATANA	TRUSTEE	1.50	Director	$0	$0	$0
ANN MACDOUGALL	TRUSTEE	1.50	Director	$0	$0	$0
ANNIKA STEN-PARSON	TRUSTEE	1.50	Director	$0	$0	$0
ESTHER HSU WANG	TRUSTEE	1.50	Director	$0	$0	$0
DANA WARD	TRUSTEE	1.50	Director	$0	$0	$0
PAUL WATFORD	TRUSTEE	1.50	Director	$0	$0	$0
KIM VALENTE	CHIEF FINANCIAL OFFICER	40.00	Officer	$174,255	$11,891	$186,146
JENN BASS	SR. DIR. OF COMMUNICATIONS	40.00	Highest	$125,443	$4,139	$129,582
KEVIN GEORGE	MANAGING DIRECTOR	40.00	Highest	$120,600	$15,124	$135,724

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	$9,289,461	$9,651,790	$7,045,132	$-362,329
2023	$8,736,940	$9,282,757	$7,349,370	$-545,817
2022	$8,089,381	$8,437,973	$7,875,121	$-348,592
2021	$9,279,368	$5,186,778	$8,170,759	$4,092,590
2020	$5,013,094	$4,116,606	$4,219,361	$896,488
2019	$5,277,211	$3,419,167	$3,151,960	$1,858,044
2018	$2,732,426	$2,341,758	$1,267,866	$390,668