MENTAL HEALTH COLLABORATIVE OF INDIAN RIVER COUNTY INC (EIN 813960111) - 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

2017

Legal Domicile

Principal Officer

WESLEY SAMMONS

Phone

7722173663

Tax Period

2023-10-01 to 2024-09-30

MENTAL HEALTH COLLABORATIVE OF INDIAN RIVER COUNTY INC, founded in 2017, is a small nonprofit in the Mental Health sector that reported $487K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $426K left a modest 13% surplus.

Mission

OUR MISSION IS TO ESTABLISH A CONTINUUM OF CARE FOR MENTAL HEALTH MADE UP OF PRIVATE AND PUBLIC FUNDERS, MENTAL HEALTH PROVIDERS AND INDIVIDUALS WHO WORK IN COLLABORATION TO INCREASE ACCESS, DECREASE DUPLICATION, AND FACILITATE COMMUNITY WIDE SUPPORT OF MENTAL HEALTH ISSUES. OUR VISION IS TO PROVIDE A SEAMLESS DELIVERY OF MENTAL HEALTH SERVICES UNLIKE ANY OTHER IN THE STATE OF FLORIDA. THE COLLABORATIVE SEEKS TO ENGAGE AND BUILD TRUST AMONG INDIVIDUALS, FUNDERS, GOVERNMENT AGENCIES, LAW ENFORCEMENT AND MENTAL HEALTH PROVIDERS TO TRANSFORM THE CONTINUUM OF CARE INTO AN EFFECTIVE SYSTEM. THE VISION OF THE COLLABORATIVE IS SUCCEEDING BECAUSE OF THE INCLUSIVE, CROSS-SECTOR APPROACH ADOPTED BY ITS FOUNDERS AND MEMBERS.

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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 $486,683

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $486,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,714

Fundraising Expenses $0

Program Expenses $379,179

Other Expenses $134,888

TOTAL EXPENSES $425,602

Year-over-Year Comparison

	2023	2022	Change
Revenue	$486,683	$423,938	+0.1%
Expenses	$425,602	$458,533	-0.1%
Net Income	$61,081	$-34,595	-2.8%

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

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

$92,616

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH EGAN	CHAIR	1.00	Officer Director	$0	$0	$0
LISA KAHLE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
VICKI SOULE	TREASURER	1.00	Officer Director	$0	$0	$0
JANE COYLE	SECRETARY	1.00	Officer Director	$0	$0	$0
DR WAYNE CREELMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARY BETH CUNNINGHAM	DIRECTOR	1.00	Director	$0	$0	$0
ANN POSEY	DIRECTOR	1.00	Director	$0	$0	$0
DR CHARLES MACKETT	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE MAYNARD-LESTER	DIRECTOR	1.00	Director	$0	$0	$0
CECILIA STALNAKER-CAUWENBERGHS	DIRECTOR	1.00	Director	$0	$0	$0
ANN MARIE SURIANO	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SWAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CURREY	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE MENZ	DIRECTOR	1.00	Director	$0	$0	$0
FRANK ISELE	DIRECTOR	1.00	Director	$0	$0	$0
WESLEY SAMMONS	EXECUTIVE DIRECTOR	1.00	Officer	$87,654	$4,962	$92,616

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	$486,683	$425,602	$274,984	$61,081
2023	$423,938	$458,533	$239,575	$-34,595
2022	$404,916	$415,039	$159,840	$-10,123
2021	$446,477	$417,198	$178,203	$29,279
2020	$360,051	$371,293	$201,900	$-11,242
2019	$296,190	$402,314	$146,422	$-106,124
2018	$334,199	$404,798	$244,790	$-70,599

MENTAL HEALTH COLLABORATIVE OF INDIAN RIVER COUNTY INC