Black Mountain, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Recovery Ventures Corporation, founded in 2002, is a community nonprofit in the Mental Health sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.9M left a modest 4% surplus.
Recovery Ventures offers individuals suffering from chronic substance addictions long term residential treatment and aftercare in a safe and healthy environment that promotes self-sufficiency, emotional growth, personal accountability and personal values enhancement.
Recovery Ventures provides long-term residential treatment for men and women struggling with substance use disorders. During the year, we operated a structured 24-month residential treatment program...
Recovery Ventures provides long-term residential treatment for men and women struggling with substance use disorders. During the year, we operated a structured 24-month residential treatment program that included group and individual counseling, peer support, life skills training, and relapse prevention planning. Despite a major hurricane that caused widespread flooding, extensive power outages and transportation disruptions in our area, we kept all our residents safely housed, secured emergency supplies, and coordinated with local agencies to maintain essential services.
Specific program accomplishments this past year: *We served over 200 residents throughout the year *Provided over 40,000 days of housing, meals and care *Provided over 520 hours of counseling for...
Specific program accomplishments this past year: *We served over 200 residents throughout the year *Provided over 40,000 days of housing, meals and care *Provided over 520 hours of counseling for each associate in our care *65% have remained substance-free *Launched 3 separate Internal Businesses *Over 50 associates secured full-time employment *Our associates completed over 2500 hours of service to local community *Donated over 300 cases of clothing and food to local shelters
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,997,728 | $2,158,335 | -0.1% |
| Expenses | $1,923,854 | $2,004,908 | 0.0% |
| Net Income | $73,874 | $153,427 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Mike Fort | CEO/Executive Director | 40.00 |
Officer
|
$132,385 | $16,439 | $148,824 |
| Vera Jones | CFO | 40.00 |
Officer
|
$84,596 | $2,340 | $86,936 |
| Sharon Sweede MD | Chair | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Walker Stocks | Vice-Chair | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| Wendy Paben | Board Member | 1.00 |
Officer
|
$0 | $0 | $0 |
| Bill Sbrocco | Board Member | 1.00 |
Officer
|
$0 | $0 | $0 |
| Jim Thornton | Board Member | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,997,728 | $1,923,854 | $3,297,107 | $73,874 |
| 2024 | $2,158,335 | $2,004,908 | $3,215,382 | $153,427 |
| 2023 | $2,472,445 | $2,041,266 | $3,086,430 | $431,179 |
| 2022 | $2,343,839 | $1,859,707 | $2,767,534 | $484,132 |
| 2021 | $1,689,783 | $1,753,285 | $2,160,198 | $-63,502 |
| 2020 | $2,439,506 | $2,252,010 | $2,226,636 | $187,496 |
| 2019 | $2,733,714 | $2,441,308 | $2,064,115 | $292,406 |
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