HEALING TRANSITIONS 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

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 $8.9M in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $8.0M left a modest 10% surplus.

Mission

INNOVATIVE PEER-BASED, RECOVERY ORIENTED SERVICES TO HOMELESS, UNINSURED AND UNDERSERVED INDIVIDUALS WITH ALCOHOLISM AND OTHER DRUG ADDICTIONS IN A HOMELESS SHELTER FRAMEWORK. SERVICES INCLUDED SOCIAL SETTING DETOXIFICATION, OVERNIGHT WET EMERGENCY SHELTER, PEER-DRIVEN RECOVERY PROGRAM AND LINKAGE TO COMMUNITY, EMPLOYMENT AND HOUSING.

Program Service Accomplishments

Program 1

Expenses: $3,094,027 Revenue: $803,317

RECOVERY SERVICES - OFFERS A LONG-TERM, PEER-DRIVEN, 12-STEP ORIENTED, RESIDENTIAL ADDITION RECOVERY PROGRAM AT NO COST TO THE INDIVIDUAL. TOTAL CAPACITY IS 300 ACROSS TWO CAMPUSES AND MONTHLY CENSUS...

Program 2

Expenses: $2,374,698

SHELTER & DETOX - PROVIDES EMERGENCY, WET SHELTER AND SOCIAL SETTING DETOXIFICATION FOR HOMELESS, UNINSURED, AND UNDERSERVED INDIVIDUALS WITH ALCOHOLISM AND OTHER DRUG ADDICTIONS. TOTAL DETOX...

SHELTER & DETOX - PROVIDES EMERGENCY, WET SHELTER AND SOCIAL SETTING DETOXIFICATION FOR HOMELESS, UNINSURED, AND UNDERSERVED INDIVIDUALS WITH ALCOHOLISM AND OTHER DRUG ADDICTIONS. TOTAL DETOX CAPACITY IS 36 ACROSS TWO CAMPUSES AND NIGHTLY CENSUS VARIES. SHELTER CAPCITY IS 150 ACROSS 2 CAMPUSES AND VARIES, OFTEN DEPENDENT UPON WEATHER.

Program 3

Expenses: $308,064

ENTERPRISE PROGRAMS - EXPANDS THE MISSION OF HEALING TRANSITIONS BY CREATING JOB OPPORTUNITIES FOR CLIENTS AND ASSISTANCE WITH HOUSING NEEDS. ALL REVENUE DERIVED FROM DONATED GOODS AND SERVICES UNDER...

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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 $7,776,762

Program Service Revenue $803,317

Investment Income $271,419

Other Revenue $95,478

TOTAL REVENUE $8,946,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,261,056

Fundraising Expenses $751,998

Program Expenses $6,064,652

Other Expenses $3,510,203

TOTAL EXPENSES $8,031,803

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,946,976	$14,466,820	-0.4%
Expenses	$8,031,803	$7,039,125	+0.1%
Net Income	$915,173	$7,427,695	-0.9%

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
JOSUA 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	$9,816,277	$8,179,016	$39,262,508	$1,637,261
2024	$8,946,976	$8,031,803	$37,963,900	$915,173
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