RECOVERY INNOVATIONS INC

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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

DAVID COVINGTON

Phone

6026364408

Tax Period

2023-07-01 to 2024-06-30

RECOVERY INNOVATIONS INC, founded in 2006, is a major nonprofit in the Mental Health sector that reported $101.7M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $113.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO CREATE OPPORTUNITIES AND ENVIRONMENTS THAT EMPOWER PEOPLE TO RECOVER, TO SUCCEED IN ACCOMPLISHING THEIR GOALS, AND TO RECONNECT TO THEMSELVES, OTHERS, AND TO FIND MEANING AND PURPOSE IN LIFE.

Program Service Accomplishments

Program 1

Expenses: $71,175,730 Revenue: $81,608,119

CRISIS: RI'S CRISIS SERVICES INCLUDE RECOVERY RESPONSE CENTERS (CRISIS STABILIZATION PROGRAMS), EVALUATION & TREATMENT (INVOLUNTARY & COURT ORDERED TREATMENT), AND RESPITES. OUR PROGRAMS FOCUS ON...

CRISIS: RI'S CRISIS SERVICES INCLUDE RECOVERY RESPONSE CENTERS (CRISIS STABILIZATION PROGRAMS), EVALUATION & TREATMENT (INVOLUNTARY & COURT ORDERED TREATMENT), AND RESPITES. OUR PROGRAMS FOCUS ON CREATING "LIVING ROOM" TYPE OF ENVIRONMENTS IN WHICH EACH PERSON IS TREATED WITH RESPECT, COMPASSION, AND DIGNITY. OUR CRISIS PROGRAMS ENSURE SAFETY WHILE PROVIDING THE BEST CLINICAL AND MEDICAL TREATMENT SERVICES AVAILABLE TO THOSE EXPERIENCING A BEHAVIORAL HEALTH CRISIS. THESE SERVICES ARE AVAILABLE 24 HOURS A DAY, 7 DAYS A WEEK AND SERVE ALL REGARDLESS OF THEIR ABILITY TO PAY.

Program 2

Expenses: $19,691,671 Revenue: $15,283,732

RECOVERY: RI'S RECOVERY SERVICE INCLUDES WELLNESS CITIES CENTERS PROVIDING INDIVIDUAL AND GROUP PEER SUPPORT, PHYSICAL FITNESS GYMS, AND EDUCATION AND SOCIALIZATION PROGRAMS. PEER BRIDGER/NAVIGATOR OPPORTUNITIES ARE ALSO PROVIDED TO ENSURE SUCCESSFUL COMMUNITY TRANSITION OF OUR PARTICIPANTS (DIVERTING FROM INPATIENT HOSPITALIZATION AND RE ADMISSION). THE RI MODEL HAS HAD A GLOBAL IMPACT ON THE MENTAL HEALTH FIELD SERVING AS A DEMONSTRATION THAT RECOVERY FROM MENTAL HEALTH ILLNESS AND/OR ADDICTION IS POSSIBLE, USING PRINCIPLES AND PRACTICES THAT CREATE RECOVERY OPPORTUNITIES RI OFFERS. WE ARE PLACING AN EMPHASIS ON DEMONSTRATING MEASURABLY BOTH THE RECOVERY AND COST SAVINGS BENEFITS OF THESE PROGRAMS.

Program 3

Expenses: $6,170,693 Revenue: $5,990,425

HEALTH: RI'S OUTPATIENT SERVICES INCLUDE HOUSING, COMMUNITY BUILDING, RECOVERY EDUCATION, AND SEVERAL TRANSITION MANAGEMENT PROGRAMS; AN AREA OF GREAT STRENGTH FOR RI. OUR PROGRAMS ARE FOCUSED ON...

HEALTH: RI'S OUTPATIENT SERVICES INCLUDE HOUSING, COMMUNITY BUILDING, RECOVERY EDUCATION, AND SEVERAL TRANSITION MANAGEMENT PROGRAMS; AN AREA OF GREAT STRENGTH FOR RI. OUR PROGRAMS ARE FOCUSED ON INCREASING EDUCATION AND EMPLOYMENT OPPORTUNITIES, AS WELL AS ASSISTING WITH SHORT AND LONGER-TERM HOUSING TO HELP EASE OUR PARTICIPANTS' INTEGRATION WHILE TRANSITIONING BACK INTO THE 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 (2023)

Revenue Breakdown

Contributions & Grants $2,166,684

Program Service Revenue $106,658,627

Investment Income $-7,730,620

Other Revenue $606,324

TOTAL REVENUE $101,701,015

Expense Breakdown

Grants Paid $84,503

Salaries & Benefits $67,014,041

Fundraising Expenses $0

Program Expenses $99,218,293

Other Expenses $46,231,013

TOTAL EXPENSES $113,329,557

Year-over-Year Comparison

	2023	2022	Change
Revenue	$101,701,015	$125,733,035	-0.2%
Expenses	$113,329,557	$122,809,049	-0.1%
Net Income	$-11,628,542	$2,923,986	-5.0%

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

1670

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

$930,478

Total Directors

$380,201

Key Employees

$1,291,900

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID W COVINGTON	PRESIDENT/CEO	40.00	Officer Director	$324,145	$48,556	$372,701
STEVEN FASICK	TREASURER	0.80	Officer Director	$0	$0	$0
DEQUNICY MEIFFREN-LEZINE	SECRETARY	0.80	Officer Director	$0	$0	$0
SHANNON JACCARD	CHAIR	0.80	Officer Director	$0	$0	$0
DR DENNIS MORRISON	VICE-CHAIR	0.80	Officer Director	$7,500	$0	$7,500
JAN KASOFSKY	MEMBER	0.80	Director	$0	$0	$0
PIERLUIGI MANCINI	MEMBER	0.80	Director	$0	$0	$0
SHELBY ROWE	MEMBER	0.80	Director	$0	$0	$0
DR ROCHELLE HEAD-DUNHAM	MEMBER	0.80	Director	$0	$0	$0
DR RONALD FORBES	MEMBER	0.80	Director	$0	$0	$0
JOE WILLIAMS	MEMBER	0.80	Director	$0	$0	$0
TERRY RUSSELL	MEMBER (THRU JUL)	0.80	Director	$0	$0	$0
MEENA DAYAK	MEMBER	0.80	Director	$0	$0	$0
VICTOR ARMSTRONG	MEMBER	0.80	Director	$0	$0	$0
DR KEN THOMPSON	MEMBER	0.80	Director	$0	$0	$0
BRIAN KARR	CFO (THRU AUG)/CAO (AUG-MAR)	40.00	Officer	$98,286	$39,967	$138,253
STEPHEN WARD	CFO (FROM AUG)	40.00	Officer	$154,985	$68,447	$223,432
REBECCA JOY BRUNSON-NSUBUGA	COO	40.00	Officer	$171,846	$16,746	$188,592
CHARLES BROWNING	CHIEF MEDICAL OFFICER	40.00	Key Emp	$333,611	$72,956	$406,567
PAUL J GALDYS	DEPUTY CHIEF EXECUTIVE OFFICER	40.00	Key Emp	$176,926	$55,559	$232,485
MICHAEL ALLEN RIDDLE	ASSOCIATE CHIEF MEDICAL OFFICER	40.00	Key Emp	$345,605	$48,369	$393,974
JAMES SELLARS	CHIEF STRATEGY OFFICER	40.00	Key Emp	$187,760	$71,114	$258,874
ASHLYN L CROSBY	NURSE PRACTITIONER	40.00	Highest	$235,318	$47,140	$282,458
KELECHI IHUOMA NWAORGU	NURSE PRACTITIONER	40.00	Highest	$237,804	$40,119	$277,923
RENEE KANIA	NURSE PRACTITIONER	40.00	Highest	$199,279	$39,507	$238,786
MICHELLE FRANCES HAMILTON	NURSE PRACTITIONER	40.00	Highest	$219,667	$32,787	$252,454
JACQUELYN RENE BYBEE	NURSE PRACTITIONER	40.00	Highest	$226,313	$22,344	$248,657

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	$101,701,015	$113,329,557	$60,965,543	$-11,628,542
2023	$125,733,035	$122,809,049	$82,855,234	$2,923,986
2022	$126,041,961	$125,204,422	$66,155,076	$837,539
2021	$107,153,756	$102,437,678	$61,597,457	$4,716,078
2020	$81,598,404	$86,226,039	$40,878,407	$-4,627,635
2019	$79,382,112	$76,820,206	$45,993,580	$2,561,906
2018	$75,135,518	$70,658,354	$36,966,378	$4,477,164