SERENITY RECOVERY CENTERS INC

EIN: 620857801 501(c)(3)

MEMPHIS, TN

Total Revenue
$6,990,203
Total Expenses
$5,005,252
Total Assets
$8,425,312
Net Assets
$6,252,268
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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
1971
Legal Domicile
TN
Principal Officer
PAULA HOPPER
Phone
9015211131
Tax Period
2023-07-01 to 2024-06-30

SERENITY RECOVERY CENTERS INC, founded in 1971, is a community nonprofit that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 28% operating margin.

Mission

REHABILITATION OF ALCOHOL & DRUG ADDICTED INDIVIDUALS

Program Service Accomplishments

Program 1
Expenses: $4,142,672 Revenue: $6,951,498

REHABILITATION PROGRAM FOR ALCOHOLISM AND SUBSTANCE ABUSE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,912
Program Service Revenue $6,951,498
Investment Income $1,793
Other Revenue $0
TOTAL REVENUE $6,990,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,861,274
Fundraising Expenses $84,958
Program Expenses $4,142,672
Other Expenses $2,143,978
TOTAL EXPENSES $5,005,252

Year-over-Year Comparison

2023 2022 Change
Revenue $6,990,203 $5,076,316 +0.4%
Expenses $5,005,252 $4,704,491 +0.1%
Net Income $1,984,951 $371,825 +4.3%
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

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Governance

Voting Members
11
Independent Members
11
Employees
66
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
5
$207,699
Total Directors
13
$207,699
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAULA HOPPER EXECUTIVE DIRECTOR 60.00
Officer Director
$148,926 $0 $148,926
DEMAR ROBERTS DIRECTOR 0.25
Director
$0 $0 $0
KRISTIN LAYMAN NORWOOD DIRECTOR 0.25
Director
$0 $0 $0
JOSEPH STEFFNER PRESIDENT 1.00
Officer Director
$0 $0 $0
DR MARIO JOHNSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DR DEAUNTE THOMPSON SECRETARY - TREASURER 1.00
Officer Director
$0 $0 $0
CLIFTON CARTER FISCAL DIRECTOR 40.00
Officer Director
$58,773 $0 $58,773
MICHAEL FULTON DIRECTOR 0.25
Director
$0 $0 $0
RACHEL SULLIVAN DIRECTOR 0.25
Director
$0 $0 $0
THOMAS SHEDDAN DIRECTOR 0.25
Director
$0 $0 $0
ARIELL GIPSON MARTIN DIRECTOR 0.25
Director
$0 $0 $0
ZAYID SALEEM DIRECTOR 0.25
Director
$0 $0 $0
JAMES CONNERS DIRECTOR 0.25
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 $6,990,203 $5,005,252 $8,425,312 $1,984,951
2023 $5,076,316 $4,704,491 $6,245,576 $371,825
2022 $4,362,545 $4,131,800 $5,763,119 $230,745
2021 $4,686,322 $3,911,252 $5,886,649 $775,070
2020 $3,898,598 $3,920,583 $4,993,100 $-21,985
2019 $4,007,091 $3,778,316 $5,141,336 $228,775
2018 $3,486,259 $3,380,641 $5,008,902 $105,618
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