ALETHEIA HOUSE INC (EIN 630644067) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

CHRIS RETAN

Phone

2053246502

Tax Period

2023-08-01 to 2024-07-31

ALETHEIA HOUSE INC, founded in 1972, is a mid-sized nonprofit in the Mental Health sector that reported $12.7M in total revenue in fiscal year 2017. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

ALETHEIA HOUSE IS A COMMUNITY-BASED ORGANIZATION THAT HAS BEEN PROVIDING SUBSTANCE ABUSE TREATMENT AND PREVENTION SERVICES TO LOW-INCOME INDIVIDUALS, AND THE COMMUNITIES IN WHICH THEY LIVE, SINCE 1972. IT IS ONE OF ALABAMA?S LARGEST PROVIDERS OF SUBSTANCE ABUSE TREATMENT, SUBSTANCE ABUSE/HIV PREVENTION, EMPLOYMENT SERVICES AND AFFORDABLE HOUSING.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,208,419

Program Service Revenue $2,400,651

Investment Income $373,270

Other Revenue $73,320

TOTAL REVENUE $16,055,660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,215,829

Fundraising Expenses $0

Program Expenses $14,064,149

Other Expenses $7,494,438

TOTAL EXPENSES $16,710,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,055,660	$21,016,895	-0.2%
Expenses	$16,710,267	$18,038,736	-0.1%
Net Income	$-654,607	$2,978,159	-1.2%

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

321

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

$554,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN BLASS	PRESIDENT	1.00	Officer Director	$0	$0	$0
FOSTER COOK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RENA RAMSEY	TREASURER	1.00	Officer Director	$0	$0	$0
WALTER ROBINSON	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS KRAMER	DIRECTOR	1.00	Director	$0	$0	$0
RANDI HODGES	DIRECTOR	1.00	Director	$0	$0	$0
SCOTTY COLSON	DIRECTOR	1.00	Director	$0	$0	$0
PERRYN CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
BOB BOSWELL	DIRECTOR	1.00	Director	$0	$0	$0
KIMITRIA SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER RANKIN	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA TYSON	DIRECTOR	1.00	Director	$0	$0	$0
ROY BREWSTER	DIRECTOR	1.00	Director	$0	$0	$0
SANDOR CHEKA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREDA RANDELSON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE MCCLOUD	DIRECTOR	1.00	Director	$0	$0	$0
DREW DEBTER	DIRECTOR	1.00	Director	$0	$0	$0
ORLANDO TURNER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS RETAN	EXECUTIVE DIRECTOR	40.00	Officer	$201,220	$22,463	$223,683
GLORIA HOWARD	CHIEF OPERATING OFFICER	40.00	Officer	$165,520	$20,963	$186,483
TAMMI MCKISSON	CHIEF FINANCIAL OFFICER	40.00	Officer	$131,488	$12,887	$144,375

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	$16,055,660	$16,710,267	$27,251,996	$-654,607
2023	$21,016,895	$18,038,736	$27,095,780	$2,978,159
2022	$20,708,753	$18,734,998	$25,798,388	$1,973,755
2021	$16,574,561	$15,065,359	$25,151,419	$1,509,202
2020	$14,781,295	$13,444,744	$23,535,593	$1,336,551
2019	$12,557,436	$13,214,285	$21,195,621	$-656,849
2018	$12,689,889	$13,940,377	$22,443,444	$-1,250,488

ALETHEIA HOUSE INC