PHOENIX, AZ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
RECOVERY INNOVATIONS, INC. INCORPORATED IN THE STATE OF ARIZONA IN DEC. 2006 (CONT'D ON SCH O) AS A NON-PROFIT ORGANIZATION, HAS CREATED A NEW PARADIGM OF DELIVERING BEHAVIORAL HEALTH SERVICES THAT FOCUSES ON WELLNESS RATHER THAN THE TRADITIONAL ILLNESS-BASED APPROACH. THROUGH ITS LOCAL NON-PROFIT CORPORATIONS, RECOVERY INNOVATIONS OFFERS A RANGE OF SERVICES IN FOUR PRIMARY AREAS; CRISIS, HEALTH, RECOVERY AND CONSULTING. RECOVERY INNOVATIONS OPERATES RECOVERY-BASED MENTAL HEALTH SERVICES IN FIVE STATES AND NEW ZEALAND AND HAS PROVIDED RECOVERY TRAINING AND TRANSFORMATION CONSULTATION IN 27 STATES AND FIVE COUNTRIES ABROAD. OUR MISSION IS TO EMPOWER PEOPLE TO RECOVER, SUCCEED IN ACCOMPLISHING THEIR GOALS, FIND MEANING AND PURPOSE IN LIFE, AND RECONNECT WITH THEMSELVES AND OTHERS. OUR VISION IS TO ACTIVATE THE NEXT GENERATION OF FRAME-BREAKING HEALTHCARE INNOVATION TO SUPPORT PEOPLE BEYOND THEIR BEHAVIORAL HEALTH NEEDS AND SUCCEED IN THE COMMUNITY WHERE THEY LIVE, WORK, AND PLAY.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare RECOVERY INNOVATIONS INC with other nonprofits in Arizona and across the country.