Mental Health Associates of the Triad (EIN 561058200) - 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

1984

Legal Domicile

Principal Officer

Eric Foushee

Phone

3368837480

Tax Period

2023-07-01 to 2024-06-30

Mental Health Associates of the Triad, founded in 1984, is a small nonprofit in the Mental Health sector that reported $778K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $898K exceeded revenue, resulting in a 15% operating deficit.

Mission

The Mental Health Associates of the Triad is committed to the promotion of good mental health through quality service provision, advocacy for issues affecting individuals and families with mental health issues, and outreach to the community.

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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 $312,791

Program Service Revenue $471,358

Investment Income $933

Other Revenue $-6,946

TOTAL REVENUE $778,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $633,086

Fundraising Expenses $38,315

Program Expenses $733,152

Other Expenses $264,777

TOTAL EXPENSES $897,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$778,136	$858,784	-0.1%
Expenses	$897,863	$911,645	0.0%
Net Income	$-119,727	$-52,861	+1.3%

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

$111,075

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ellen Cochran	Executive Dir.	40.00	Officer	$93,277	$2,798	$96,075
Eric Foushee	Ex Dir/Pres/CEO	40.00	Officer	$15,000	$0	$15,000
Jason Anderson	Director	0.50	Director	$0	$0	$0
Mike Delille	Director	0.50	Director	$0	$0	$0
Shandi Foster	Director	0.50	Director	$0	$0	$0
Rachel Juren	Director	0.50	Director	$0	$0	$0
Johnette Walser	Director	0.50	Director	$0	$0	$0
Jessica Wynn	Director	0.50	Director	$0	$0	$0
Joe Hubay	Director	0.50	Director	$0	$0	$0
Brandon Blair	Chairman	1.00	Officer Director	$0	$0	$0
Martha Stewart	Imm Past Chair	0.50	Officer Director	$0	$0	$0
Sandy Ward	Treasurer	1.00	Officer Director	$0	$0	$0
Brandon Creech	Co-Treasurer	1.00	Officer Director	$0	$0	$0
Susan Allred	Secretary	0.50	Officer 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
2025	No data	No data	No data	No data
2024	$778,136	$897,863	$963,116	$-119,727
2023	$858,784	$911,645	$1,044,506	$-52,861
2022	$717,265	$784,421	$1,091,798	$-67,156
2021	$891,001	$692,712	$1,139,765	$198,289
2020	$726,757	$796,140	$994,180	$-69,383
2020	$737,240	$796,013	$993,237	$-58,773
2019	$765,480	$697,511	$1,073,906	$67,969
2018	$651,748	$751,756	$1,020,624	$-100,008

Mental Health Associates of the Triad