RECOVERY CONCEPTS INC (EIN 680601579) - 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

2006

Legal Domicile

Principal Officer

KIM PETERSON

Phone

3162626633

Tax Period

2024-01-01 to 2024-12-31

RECOVERY CONCEPTS INC, founded in 2006, is a small nonprofit in the Mental Health sector that reported $648K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $597K left a modest 8% surplus.

Mission

ORGANIZATION'S MISSION IS TO PROVIDE ACCESSIBLE, PROFESSIONAL, COMPREHENSIVE AND CONFIDENTIAL DRUG AND ALCOHOL OUTPATIENT TREATMENT SERVICES TO THE NATIVE AMERICAN POPULATION AND TO THE DIVERSE POPULATION AND CULTURES FOUND WITHIN OUR COMMUNITY.

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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 $95,000

Program Service Revenue $553,021

Investment Income $0

Other Revenue $0

TOTAL REVENUE $648,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $452,892

Fundraising Expenses $0

Program Expenses $454,343

Other Expenses $144,225

TOTAL EXPENSES $597,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$648,021	$518,204	+0.3%
Expenses	$597,117	$531,310	+0.1%
Net Income	$50,904	$-13,106	-4.9%

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

$98,979

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM PETERSON	EXECUTIVE DI	40.00	Director	$98,979	$0	$98,979
STEVE CHRISTAN	CHAIRMAN	0.00	Officer	$0	$0	$0
DOUG TRIPP	DIRECTOR	0.00	Officer	$0	$0	$0
KEN VERNOY	SECRETARY	0.00	Officer	$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	$648,021	$597,117	$179,857	$50,904
2023	$518,204	$531,310	$130,276	$-13,106
2022	$439,575	$458,315	$138,295	$-18,740
2021	$414,690	$391,450	$153,900	$23,240
2020	$363,769	$303,962	$129,603	$59,807
2019	$301,492	$295,243	$85,612	$6,249
2018	$274,332	$277,261	$76,910	$-2,929

RECOVERY CONCEPTS INC