MENTAL HEALTH ASSOCIATION OF OKALOOSA/WALTON COUNTIES INC (EIN 593282067) - 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

1958

Legal Domicile

Principal Officer

VIRGINIA BARR

Phone

8502441040

Tax Period

2024-06-01 to 2025-05-31

MENTAL HEALTH ASSOCIATION OF OKALOOSA/WALTON COUNTIES INC, founded in 1958, is a small nonprofit in the Mental Health sector that reported $473K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

MENTAL HEALTH INFORMATION SERVICE.

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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 $311,145

Program Service Revenue $0

Investment Income $18,163

Other Revenue $144,019

TOTAL REVENUE $473,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,209

Fundraising Expenses $0

Program Expenses $371,903

Other Expenses $191,790

TOTAL EXPENSES $466,999

Year-over-Year Comparison

	2024	2023	Change
Revenue	$473,327	$600,434	-0.2%
Expenses	$466,999	$527,247	-0.1%
Net Income	$6,328	$73,187	-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

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY GATES ARD	TREASURER	N/A	Director	$0	$0	$0
VIRGINIA BARR	EX. DIRECTOR	N/A	Officer Director	$0	$0	$0
GAYLE CARMICHAEL	DIRECTOR	N/A	Director	$0	$0	$0
BUDD CARTER	PRESIDENT	N/A	Director	$0	$0	$0
MATTHEW HARRISON	DIRECTOR	N/A	Director	$0	$0	$0
GARY MCCOY	DIRECTOR	N/A	Director	$0	$0	$0
MIKE MCGRAIL	DIRECTOR	N/A	Director	$0	$0	$0
DR VENITA MORELL	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BRITTNEY REDMON	DIRECTOR	N/A	Director	$0	$0	$0
TERRI ROGERS	SECRETARY	N/A	Officer Director	$0	$0	$0
DONNA SIMMET	DIRECTOR	N/A	Officer Director	$0	$0	$0
GEORGIA THOMAS	DIRECTOR	N/A	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	$473,327	$466,999	$890,504	$6,328
2024	$600,434	$527,247	$879,060	$73,187
2023	$547,935	$463,367	$809,761	$84,568
2022	$587,412	$472,977	$725,185	$114,435
2021	$472,860	$422,733	$659,353	$50,127
2020	$587,525	$540,567	$556,713	$46,958
2019	$466,880	$489,838	$508,253	$-22,958

MENTAL HEALTH ASSOCIATION OF OKALOOSA/WALTON COUNTIES INC