AGAPE THERAPY INSTITUTE CORPORATION

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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

2016

Legal Domicile

Principal Officer

SUSAN BEARDEN

Phone

4079008633

Tax Period

2023-01-01 to 2023-12-31

AGAPE THERAPY INSTITUTE CORPORATION, founded in 2016, is a small nonprofit in the Mental Health sector that reported $308K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $375K exceeded revenue, resulting in a 22% operating deficit.

Mission

The mission of Agape Therapy Institute Corp. is to provide affordable and accessible outpatient mental health services to individuals couples and families and clinical counselor training education and supervision.

Program Service Accomplishments

Program 1

Expenses: $375,317 Revenue: $307,934

Agape Therapy Institute Corp.s Outpatient Clinical Mental Health Counseling: 3,807 treatment sessions for 472 patients to treat mental health conditions. A total of $165,258.07 in write-offs were...

Agape Therapy Institute Corp.s Outpatient Clinical Mental Health Counseling: 3,807 treatment sessions for 472 patients to treat mental health conditions. A total of $165,258.07 in write-offs were allocated toward the reduction in cost of services and financial assistance provided to patients which is a 45% drop from the Centers for Medicare & Medicaid Services 2023 Physical Fee Schedule standard HCPCS Code 90837 Non-Facility Price for 0910299 MAC Locality Rest of Florida. This is an objective measure to indicate the reduction in cost of services provided by the 501c3 nonprofit mental health organization. Total expenses for services provided for the year were $375,517.67.

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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 (2023)

Revenue Breakdown

Contributions & Grants $129

Program Service Revenue $305,222

Investment Income $409

Other Revenue $2,174

TOTAL REVENUE $307,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,446

Fundraising Expenses $0

Program Expenses $375,317

Other Expenses $99,871

TOTAL EXPENSES $375,317

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,934	$463,811	-0.3%
Expenses	$375,317	$432,279	-0.1%
Net Income	$-67,383	$31,532	-3.1%

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

$102,492

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susan Bearden MS LMHC LMFT QS	Founder CEO Clinical Director	40.00	Officer	$79,538	$22,954	$102,492
Megan Muir	President	1.00	Director	$0	$0	$0
Jaimee Spector CFRE	Treasurer	1.00	Director	$0	$0	$0
Sara Dreier	Secretary	1.00	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
2023	$307,934	$375,317	$70,045	$-67,383
2022	$463,811	$432,279	$137,428	$31,532
2021	$439,521	$372,734	$105,896	$66,787
2020	$306,256	$296,591	$41,782	$9,665