Recovery Ventures Corporation (EIN 710875890) - 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

2002

Legal Domicile

Principal Officer

Mike Fort

Phone

8283575212

Tax Period

2024-04-01 to 2025-03-31

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.

Mission

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.

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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 $609,202

Program Service Revenue $1,326,973

Investment Income $5,081

Other Revenue $56,472

TOTAL REVENUE $1,997,728

Expense Breakdown

Grants Paid $0

Salaries & Benefits $812,531

Fundraising Expenses $0

Program Expenses $1,703,640

Other Expenses $1,111,323

TOTAL EXPENSES $1,923,854

Year-over-Year Comparison

	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%

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

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

$235,760

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

Recovery Ventures Corporation