HEALING TRANSITIONS INC (EIN 562135246) - 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

1999

Legal Domicile

Principal Officer

CHRIS BUDNICK

Phone

9198389800

Tax Period

2024-01-01 to 2024-12-31

HEALING TRANSITIONS INC, founded in 1999, is a community nonprofit in the Mental Health sector that reported $9.8M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.6M, a strong 17% operating margin.

Mission

INNOVATIVE PEER-BASED, RECOVERY ORIENTED SERVICES TO HOMELESS, UNINSURED AND UNDERSERVED INDIVIDUALS WITH ALCOHOLISM AND OTHER DRUG ADDICTIONS. OUR PROGRAM IS SPECIFICALLY DESIGNED TO REKINDLE A PERSON'S DESIRE AND ABILITY TO RETURN TO A MEANINGFUL AND PRODUCTIVE LIFE.

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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 $8,252,951

Program Service Revenue $792,705

Investment Income $273,666

Other Revenue $496,955

TOTAL REVENUE $9,816,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,278,149

Fundraising Expenses $743,037

Program Expenses $6,418,301

Other Expenses $3,640,323

TOTAL EXPENSES $8,179,016

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,816,277	$14,466,820	-0.3%
Expenses	$8,179,016	$7,039,125	+0.2%
Net Income	$1,637,261	$7,427,695	-0.8%

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

117

Volunteers

200

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

$102,701

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER BUDNICK	EXECUTIVE DIRECTOR	40.00	Officer	$96,900	$5,801	$102,701
MICHAEL QUINLAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ERIC BARBER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNETH MITCHELL	TREASURER	1.00	Officer Director	$0	$0	$0
MARK EZZELL	SECRETARY	1.00	Officer Director	$0	$0	$0
HERB BARBEE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF BARNHART	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BILBRO	DIRECTOR	1.00	Director	$0	$0	$0
CAITLIN CLINARD	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA DIVER	DIRECTOR	1.00	Director	$0	$0	$0
JIM FOSTER	DIRECTOR	1.00	Director	$0	$0	$0
DAN JOHNS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MEEKER	DIRECTOR	1.00	Director	$0	$0	$0
DORINDA POWELL-ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS VALAURI	DIRECTOR	1.00	Director	$0	$0	$0
MARIA SPAULDING	BOARD EMERITUS (NON VOTING)	1.00	Director	$0	$0	$0
DAVID WICKSTROM	DIRECTOR (TO: 04/24)	1.00	Director	$0	$0	$0
BOB GOODALE	DIRECTOR (TO: 07/24)	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	$8,946,976	$8,031,803	$37,963,900	$915,173
2024	$9,816,277	$8,179,016	$39,262,508	$1,637,261
2023	$14,466,820	$7,039,125	$37,680,399	$7,427,695
2022	$12,389,781	$6,297,383	$29,376,745	$6,092,398
2021	$10,736,237	$5,208,543	$22,953,698	$5,527,694
2020	$7,441,699	$4,966,821	$17,377,500	$2,474,878
2019	$9,554,988	$4,445,802	$14,921,180	$5,109,186
2018	$4,554,502	$4,162,155	$9,811,819	$392,347

HEALING TRANSITIONS INC