AGAPE THERAPY INSTITUTE CORPORATION

EIN: 813510306 501(c)(3) Mental Health

ORLANDO, FL

Total Revenue
$307,934
Total Expenses
$375,317
Total Assets
$70,045
Net Assets
$70,045
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
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 has been to provide affordable and accessible mental health services to individuals couples and families in Orlando FL and virtually throughout Florida since the pandemic in additional to clinical counselor education training and supervision to professionals entering the field. In late 2023 the organization closed down its primary operation in Orlando FL and downsized operations. Agape Therapy Institutes Founder ended the year with a focus on providing ongoing clinical counselor education training and supervision and rendering clinical outpatient mental health counseling and marital couples and family therapy services online and in a downsized location in Orlando FL. For the year 2023 Agape Therapy Institute provided 3,807 counseling sessions to 472 patients and trained 10 mental health professionals at the graduate and post-graduate levels across a wide range of DSM-V-TR mental health conditions and relationship problems.

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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 (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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Governance

Voting Members
3
Independent Members
3
Employees
17
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
1
$102,492
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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