LAST CHANCE RECOVERY CENTER (EIN 760218505) - 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

1987

Legal Domicile

Principal Officer

BRIAN COSGROVE

Tax Period

2019-01-01 to 2019-12-31

LAST CHANCE RECOVERY CENTER, founded in 1987, is a small nonprofit in the Mental Health sector that reported $159K in total revenue in fiscal year 2019. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $218K exceeded revenue, resulting in a 38% operating deficit.

Mission

THE RELIEF OF DISTRESSED PEOPLE WHO ARE VICTIMS OF CHEMICAL ABUSE, RESEARCH INTO DRUG DEPENDENCE AND THE PROVIDING OF A SAFE RECOVERY

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $210,733

Investment Income $-57,113

Other Revenue $4,931

TOTAL REVENUE $158,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,696

Other Expenses $218,492

TOTAL EXPENSES $218,492

Year-over-Year Comparison

	2019	2018	Change
Revenue	$158,551	$219,622	-0.3%
Expenses	$218,492	$301,140	-0.3%
Net Income	$-59,941	$-81,518	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY THOMASON	EXECUTIVE DIRECTOR	30.00	Officer Director	$0	$0	$0
MIKE RHOTEN	CHAIRMAN	4.00	Director	$0	$0	$0
JENIFER POOL	SECRETARY	4.00	Director	$0	$0	$0
RANDALL WATSON	PRESIDENT	2.00	Director	$0	$0	$0
DENNIS GALLAGER	VICE PRESIDENT	1.00	Director	$0	$0	$0
BRIAN COSGROVE	CO EXECUTIVE DIRECTOR	6.00	Officer Director	$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
2019	$158,551	$218,492	$1,683,506	$-59,941
2018	$219,622	$301,140	$1,743,447	$-81,518

LAST CHANCE RECOVERY CENTER