White Horse Addiction Center Inc (EIN 472446719) - 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

2014

Legal Domicile

Principal Officer

Matthew Plache

Phone

6036511441

Tax Period

2023-01-01 to 2023-12-31

White Horse Addiction Center Inc, founded in 2014, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 23% operating deficit.

Mission

EMPOWERING INDIVIDUALS, FAMILIES, AND COMMUNITIES IMPACTED BY ADDICTION AND MENTAL HEALTH CHALLENGES TO THRIVE AND FIND HOLISTIC WELLNESS.

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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 $860,160

Program Service Revenue $293,451

Investment Income $0

Other Revenue $135,301

TOTAL REVENUE $1,288,912

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,192,159

Fundraising Expenses $15,806

Program Expenses $1,327,537

Other Expenses $388,244

TOTAL EXPENSES $1,580,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,288,912	$1,505,404	-0.1%
Expenses	$1,580,403	$1,698,119	-0.1%
Net Income	$-291,491	$-192,715	+0.5%

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mitchell Yeaton	President & CEO	24.00	Officer Director	$24,000	$0	$24,000
Stephen Bravo	Treasurer	1.00	Director	$0	$0	$0
James Cooper	Chairman	1.00	Officer Director	$0	$0	$0
Peter Thomas	Chairman	1.00	Director	$0	$0	$0
Anthony Fallon	Trustee	1.00	Director	$0	$0	$0
Bradford Mathias	Trustee	1.00	Director	$0	$0	$0
Shelley Shogren	Secretary	1.00	Director	$0	$0	$0
Kurt Cellar	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
2024	No data	No data	No data	No data
2023	$1,288,912	$1,580,403	$206,913	$-291,491
2023	$1,361,555	$1,580,403	$272,341	$-218,848
2022	$1,505,404	$1,698,119	$402,875	$-192,715
2021	$1,285,543	$1,365,263	$478,890	$-79,720
2020	$907,133	$1,032,183	$385,891	$-125,050
2019	$867,590	$855,127	$239,965	$12,463
2018	$719,131	$731,083	$175,781	$-11,952

White Horse Addiction Center Inc