NICK'S PLACE INC

EIN: 522152759 501(c)(3) Mental Health

BELTSVILLE, MD

Total Revenue
$388,231
Total Expenses
$506,158
Total Assets
$716,570
Net Assets
$716,457
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MD
Principal Officer
Rhea McVicker
Phone
3019385876
Tax Period
2024-01-01 to 2024-12-31

NICK'S PLACE INC, founded in 1999, is a small nonprofit in the Mental Health sector that reported $388K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $506K exceeded revenue, resulting in a 30% operating deficit.

Mission

The mission of Nicks Place is to save lives. Our structured Recovery Residence provides young men ages 20-26 with a safe, sober, affordable home and life-mgmt programs to support recovery from the disease of addiction.

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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 (2024)

Revenue Breakdown

Contributions & Grants $313,544
Program Service Revenue $0
Investment Income $35,828
Other Revenue $38,859
TOTAL REVENUE $388,231

Expense Breakdown

Grants Paid $0
Salaries & Benefits $374,241
Fundraising Expenses $0
Program Expenses $506,158
Other Expenses $131,917
TOTAL EXPENSES $506,158

Year-over-Year Comparison

2024 2023 Change
Revenue $388,231 $490,437 -0.2%
Expenses $506,158 $456,928 +0.1%
Net Income $-117,927 $33,509 -4.5%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
11
Volunteers
30

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
5
$85,852
Total Directors
9
$0
Key Employees
1
$85,852
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Andrew Malone Executive Director 040.00
Officer Key Emp
$85,852 $0 $85,852
Rhea McVicker President 020.00
Officer Director
$0 $0 $0
E Barry McVicker Treasurer 001.00
Officer Director
$0 $0 $0
Anne Ketter Director 001.00
Director
$0 $0 $0
Lauri Reishus Secretary 001.00
Officer Director
$0 $0 $0
Scott Pendleton Director 001.00
Director
$0 $0 $0
Steve Rudman Vice President 001.00
Officer Director
$0 $0 $0
Marie Kosanovich Director 001.00
Director
$0 $0 $0
Matthew Blaes-Johnson Director 001.00
Director
$0 $0 $0
Sydney Webb Director 001.00
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 $388,231 $506,158 $716,570 $-117,927
2023 $490,437 $456,928 $834,464 $33,509
2022 $308,414 $422,975 $800,875 $-114,561
2021 $363,160 $322,625 $915,436 $40,535
2020 $282,036 $256,767 $884,534 $25,269
2019 $365,341 $305,151 $860,299 $60,190
2018 $394,948 $257,208 $797,951 $137,740
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