Adapt Inc

EIN: 721274844 501(c)(3) Human Services

Bogalusa, LA

Total Revenue
$1,620,323
Total Expenses
$1,740,267
Total Assets
$620,273
Net Assets
$498,173
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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
1994
Legal Domicile
LA
Principal Officer
Thomas R Fornea
Phone
9857350160
Tax Period
2025-01-01 to 2025-12-31

Adapt Inc, founded in 1994, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2025.

Mission

Provide Drug & Alchohol Education, Outpaitient Therapy and Assessments, Sexual Assault response and Mental Health Education through collaboration coordination and intervention.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $1,572,927
Program Service Revenue $47,361
Investment Income $35
Other Revenue $0
TOTAL REVENUE $1,620,323

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,070,911
Fundraising Expenses $0
Program Expenses $1,740,267
Other Expenses $669,356
TOTAL EXPENSES $1,740,267

Year-over-Year Comparison

2025 2024 Change
Revenue $1,620,323 N/A N/A
Expenses $1,740,267 N/A N/A
Net Income $-119,944 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
22
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas R Fornea CEO 40.00
$0 $0 $0
Effie Clayton President 0.00
Officer
$0 $0 $0
Erin Killingsworth Galloway Vice President 0.00
Officer
$0 $0 $0
Allenda Pigott Vice President 0.00
Officer
$0 $0 $0
Dana Dodds 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
2025 $1,620,323 $1,740,267 $620,273 $-119,944
2024 $1,894,236 $1,905,601 $749,537 $-11,365
2023 $1,774,118 $1,795,349 $652,482 $-21,231
2022 $1,368,034 $1,363,888 $660,732 $4,146
2022 $1,469,462 $1,400,043 $726,005 $69,419
2021 $1,208,992 $1,197,868 $649,066 $11,124
2020 $1,177,951 $1,087,134 $632,864 $90,817
2019 $923,322 $786,747 $639,933 $136,575
2019 $841,766 $786,747 $558,377 $55,019
2018 $761,261 $686,742 $556,150 $74,519
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