INNERVISION 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

2003

Legal Domicile

Principal Officer

DR CHERYL NICHOLAS

Phone

7043775047

Tax Period

2024-01-01 to 2024-12-31

INNERVISION INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $741K, a strong 41% operating margin.

Mission

TO PROVIDE PSYCHOSOCIAL REHABILITATION SERVICES TO LOW OR SSI/SDD INCOME RECIPIENTS, WHICH WILL KEEP THEM FUNCTIONING PRODUCTIVELY IN THE COMMUNITY AND OUT OF LOCAL HEALTH CARE FACILITIES.

Program Service Accomplishments

Program 1

Expenses: $784,564 Revenue: $409,963

INNERVISION HAS THE ONLY CLINICIANS IN NORTH CAROLINA TRAINED IN PSYCHIATRIC VOCATIONAL REHABILITATION. LESS THAN 5% OF THE CONSUMERS SERVED IN INNERVISION'S PSYCHOSOCIAL REHABILITATION PROGRAM HAVE REQUIRED THE USE OF MORE COSTLY ACUTE SERVICES (SUCH AS INPATIENT PSYCHIATRIC HOSPITALIZATION). THERAPEUTIC INTERVENTIONS USED IN THE PROGRAM HAVE PROVEN TO PROVIDE A COST EFFECTIVE RECOVERY DRIVEN MILIEU PROMOTING THE INTEGRATION OF SEVERE AND PERSISTENT MENTALLY ILL ADULTS (SOME WITH CO-OCCURING ISSUES OF SUBSTANCE ABUSE OR DEVELOPMENTAL DISABILITIES) AS VALUABLE AND PRODUCTIVE CITIZENS IN 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 (2024)

Revenue Breakdown

Contributions & Grants $500

Program Service Revenue $226,199

Investment Income $1,432,942

Other Revenue $131,713

TOTAL REVENUE $1,791,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $640,632

Fundraising Expenses $0

Program Expenses $784,564

Other Expenses $409,881

TOTAL EXPENSES $1,050,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,791,354	$671,336	+1.7%
Expenses	$1,050,513	$1,138,682	-0.1%
Net Income	$740,841	$-467,346	-2.6%

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

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

$246,534

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REUBEN FLAX	PRESIDENT	3.00	Officer Director	$0	$0	$0
GRACE KELLEY	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE MCLURKIN	DIRECTOR	1.00	Director	$0	$0	$0
BEATRICE THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
DR ARTHUR JACKSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL GRACE	TREASURER	1.00	Officer Director	$0	$0	$0
AGNES MAYS	SECRETARY	1.00	Officer Director	$0	$0	$0
DR CHERYL NICHOLAS	CEO/DIRECTOR	60.00	Officer	$246,534	$0	$246,534

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
2024	$1,791,354	$1,050,513	$3,537,326	$740,841
2023	$671,336	$1,138,682	$3,616,017	$-467,346
2022	$807,758	$1,042,968	$4,181,170	$-235,210
2021	$2,005,105	$1,422,255	$4,508,792	$582,850
2020	$1,820,807	$1,936,701	$4,556,348	$-115,894
2019	$2,216,374	$2,135,122	$5,008,480	$81,252
2018	$1,651,075	$2,419,753	$5,182,506	$-768,678