BOLEY CENTERS INC (EIN 591290089) - 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

1970

Legal Domicile

Principal Officer

KEVIN MARRONE

Phone

7278214819

Tax Period

2024-07-01 to 2025-06-30

BOLEY CENTERS INC, founded in 1970, is a mid-sized nonprofit in the Mental Health sector that reported $25.0M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

BOLEY CENTERS MISSION IS TO ENRICH THE LIVES OF PEOPLE IN RECOVERY BY PROVIDING THE HIGHEST QUALITY TREATMENT, REHABILITATION, EMPLOYMENT AND HOUSING SERVICES.

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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 $20,712,297

Program Service Revenue $2,963,393

Investment Income $92,038

Other Revenue $1,267,991

TOTAL REVENUE $25,035,719

Expense Breakdown

Grants Paid $912,095

Salaries & Benefits $10,967,704

Fundraising Expenses $727,339

Program Expenses $20,706,599

Other Expenses $13,545,842

TOTAL EXPENSES $25,425,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,035,719	$22,227,543	+0.1%
Expenses	$25,425,641	$23,072,517	+0.1%
Net Income	$-389,922	$-844,974	-0.5%

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

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

563

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

$643,037

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MARRONE	CHIEF EXECUTIVE OFFICER	10.00	Officer	$201,042	$7,315	$208,357
MICHELLE JOSEPH	CHIEF FINANCIAL OFFICER	10.00	Officer	$181,858	$22,077	$203,935
JACK HUMBURG	CHIEF OPERATING OFFICER	10.00	Officer	$94,235	$3,569	$97,804
MARCY MCMATH	CHIEF CLINICAL OFFICER	10.00	Officer	$113,003	$19,938	$132,941
JOSEPH SMITH	CHAIRMAN	0.50	Director	$0	$0	$0
LEONARD COLEY	1ST CHAIRMAN	0.50	Director	$0	$0	$0
MARKUS HUGHES	2ND CHAIRMAN	0.50	Director	$0	$0	$0
MARTIN LOTT	DIRECTOR	0.50	Director	$0	$0	$0
JIM SEWELL	DIRECTOR	0.50	Director	$0	$0	$0
JORDAN PALAVRA	DIRECTOR	0.50	Director	$0	$0	$0
PRECIOUS GREEN	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN PROCTOR	DIRECTOR	0.50	Director	$0	$0	$0
SANDY INCORVIA	DIRECTOR	0.50	Director	$0	$0	$0
BOB WALLACE	DIRECTOR	0.50	Director	$0	$0	$0
JACK HERBERT	DIRECTOR	0.50	Director	$0	$0	$0
MISSY COVINGTON	DIRECTOR	0.50	Director	$0	$0	$0
PAUL MISIEWICZ	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH STRINGER	DIRECTOR	0.50	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	$25,035,719	$25,425,641	$17,893,002	$-389,922
2024	$22,227,543	$23,072,517	$19,687,282	$-844,974
2023	$23,337,992	$23,289,229	$20,008,502	$48,763
2022	$20,169,482	$20,480,766	$18,308,850	$-311,284
2021	$21,279,040	$19,820,109	$18,275,440	$1,458,931
2020	$18,019,859	$18,945,534	$17,949,979	$-925,675
2019	$18,528,947	$19,081,052	$17,354,290	$-552,105
2018	$18,267,551	$18,378,014	$17,378,061	$-110,463

BOLEY CENTERS INC