TRUTH PHARM INC

EIN: 810718278 501(c)(3) Mental Health

BINGHAMTON, NY

Total Revenue
$483,136
Total Expenses
$501,990
Total Assets
$189,532
Net Assets
$179,175
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Phone
6073483302
Tax Period
2024-01-01 to 2024-12-31

TRUTH PHARM INC, founded in 2015, is a small nonprofit in the Mental Health sector that reported $483K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

TRUTH PHARM TAKES AN ARTISTIC APPROACH TO RAISE AWARENESS, REDUCE STIGMA, EDUCATE THE PUBLIC AND ADVOCATE FOR POLICY CHANGE TO REDUCE THE HARMS OF SUBSTANCE USE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $224,431
Program Service Revenue $258,705
Investment Income $0
Other Revenue $0
TOTAL REVENUE $483,136

Expense Breakdown

Grants Paid $0
Salaries & Benefits $240,060
Fundraising Expenses $0
Program Expenses $433,489
Other Expenses $261,930
TOTAL EXPENSES $501,990

Year-over-Year Comparison

2024 2023 Change
Revenue $483,136 $399,380 +0.2%
Expenses $501,990 $449,463 +0.1%
Net Income $-18,854 $-50,083 -0.6%
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

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Governance

Voting Members
7
Independent Members
6
Employees
13
Volunteers
30

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
$71,455
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERICA ROBINSON BOARD MEMBER 1.00
Director
$0 $0 $0
KIM DURKEE BOARD MEMBER 1.00
Director
$0 $0 $0
DR DELORES BLACKWELL BOARD MEMBER 1.00
Director
$0 $0 $0
ALEXIS PLEUS EXECUTIVE DIRECTOR 40.00
Officer
$71,455 $0 $71,455
AJ KIRCHER BOARD PRESIDENT 1.00
Officer
$0 $0 $0
WENDY HICKIN TREASURER 1.00
Officer
$0 $0 $0
WENDY HITCOCK SECRETARY 1.00
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
2024 $483,136 $501,990 $189,532 $-18,854
2019 $278,288 $165,376 $252,757 $112,912
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