THE SERENITY CENTER 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

1993

Legal Domicile

Principal Officer

RICHARD WORMSBECHER

Phone

4108846088

Tax Period

2021-01-01 to 2021-12-31

THE SERENITY CENTER INC, founded in 1993, is a small nonprofit in the Mental Health sector that reported $108K in total revenue in fiscal year 2021. Revenue decreased 14% compared to the prior year. Expenses of $128K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE MEETING SPACE FOR 12 STEP GROUPS AND PROMOTE THE RECOVERY FROM VARIOUS TYPES OF ADDICTION.

Program Service Accomplishments

Program 1

Revenue: $14,948

THE SERENITY CENTER NOW SPONSORS 15 DIFFERENT 12 STEP GROUPS WITH OVER 50 MEETINGS PER WEEK. WE CONTINUE TO RECEIVE REFERALS FROM THE LOCAL COURTS AND THE HOWARD COUNTY HEALTH DEPARTMENT

Program 2

Expenses: $88,889 Revenue: $90,017

MARYLAND GRANT FOR TO ADMINISTER SUBSTANCE ABUSE PROGRAMS FOR THE HOWARD COUNTY DEPARTMENT OF CORRECTIONS - COMMUNITY SERVICE WORKERS PROGRAM.

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,217

Program Service Revenue $104,965

Investment Income $1

Other Revenue $0

TOTAL REVENUE $108,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,419

Fundraising Expenses $0

Program Expenses $88,889

Other Expenses $40,799

TOTAL EXPENSES $128,218

Year-over-Year Comparison

	2021	2020	Change
Revenue	$108,183	$125,805	-0.1%
Expenses	$128,218	$130,573	0.0%
Net Income	$-20,035	$-4,768	+3.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM THOMAS	VICE PRESIDENT	002.00	Officer Director	$0	$0	$0
RICHARD WORMSBECHER	PRESIDENT ACTING TREAS	004.00	Officer Director	$0	$0	$0
CLAIR MEIKLEJOHN	SECRETARY	002.00	Officer Director	$0	$0	$0
DONNA HOYLE	BOARD	002.00	Director	$0	$0	$0
KAREN BLANDING	BOARD	002.00	Director	$0	$0	$0
DEE BAUER	BOARD	002.00	Director	$0	$0	$0
NIKI DEANDA	BOARD	002.00	Director	$0	$0	$0
RICHARD NORDECK	BOARD	002.00	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
2021	$108,183	$128,218	$407,516	$-20,035
2020	$125,805	$130,573	$427,544	$-4,768
2019	$205,657	$142,025	$409,671	$63,632
2018	$141,539	$135,848	$346,040	$5,691