RENTON, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INSTITUTE FOR MENTAL HEALTH & WELLNESS, founded in 2016, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2020. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $13.6M exceeded revenue, resulting in a 129% operating deficit.
PROVIDENCE EXPENSE REIMBURSEMENT PROCEDURES INCLUDE THE FOLLOWING POLICIES: FIRST CLASS TRAVEL OR CHARTER TRAVEL AIR TRAVEL IS GENERALLY REIMBURSABLE AT THE LEAST EXPENSIVE AIRFARE WHICH PERMITS DEPARTURES AND ARRIVALS AT REASONABLE TIMES AND REASONABLE DISTANCE TRAVELED. EMPLOYEES ARE ENCOURAGED TO PLAN IN ADVANCE TO GET AVAILABLE DISCOUNTS. AIRLINE FREQUENT FLYER UPGRADES WILL NEVER BE REIMBURSED. IN LIMITED SITUATIONS FIRST CLASS TICKETS AND CHARTER MAY BE REIMBURSED WHEN APPROVED BY A SENIOR LEVEL SUPERVISOR. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS TAX INDEMNIFICATIONS OR GROSS-UP PAYMENTS - RELOCATION PROVIDENCE FOLLOWS THE FEDERAL AND STATE TAXATION LAWS RELATED TO RELOCATION EXPENSES PAID TO THE EMPLOYEE OR TO A THIRD PARTY ON THE EMPLOYEE'S BEHALF. THEY ARE CONSIDERED TAXABLE WAGES AND ARE REPORTED AS SUCH. BASED ON THE WAY PROVIDENCE HAS CHOSEN TO PAY THE RELOCATION EXPENSES, PROVIDENCE REPORTS REIMBURSEMENTS AND PAYMENTS TO VENDORS AS INCOME AND THESE EXPENSE PAYMENTS ARE REFLECTED ON THE EXECUTIVE'S FORM W-2. PROVIDENCE PROVIDES A GROSS-UP FOR THE RELOCATION BENEFITS, SO THAT A PORTION OF THE REIMBURSEMENT DOES NOT HAVE TO BE USED TO PAY TAXES, AND THIS TAX GROSS-UP IS ALSO REPORTED AS TAXABLE INCOME. THE AMOUNTS REPORTED FOR THESE GROSS-UP PAYMENTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990. TAX INDEMNIFICATIONS OR GROSS-UP PAYMENTS - FINANCIAL/RETIREMENT PLANNING PROVIDENCE FOLLOWS THE FEDERAL AND STATE TAXATION LAWS RELATED TO FINANCIAL AND RETIREMENT PLANNING EXPENSES PAID TO THE EMPLOYEE OR TO A THIRD PARTY ON THE EMPLOYEE'S BEHALF. THEY ARE CONSIDERED TAXABLE WAGES AND ARE REPORTED AS SUCH. BASED ON THE WAY PROVIDENCE HAS CHOSEN TO PAY THESE OTHER EXPENSES, PROVIDENCE REPORTS REIMBURSEMENTS AND PAYMENTS TO VENDORS AS INCOME AND THESE EXPENSE PAYMENTS ARE REFLECTED ON THE EXECUTIVE'S FORM W-2. PROVIDENCE PROVIDES A GROSS-UP FOR THIS BENEFIT, SO THAT A PORTION OF THE PAYMENT DOES NOT HAVE TO BE USED TO PAY TAXES, AND THIS TAX GROSS-UP IS ALSO REPORTED AS TAXABLE INCOME. THE AMOUNTS REPORTED FOR THESE GROSS-UP PAYMENTS ARE INCLUDED ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990. PERSONAL SERVICES PROVIDENCE OFFERS FINANCIAL PLANNING SERVICES AS AN OPTIONAL BENEFIT TO EMPLOYEES AT VICE PRESIDENT LEVEL AND ABOVE. THE AMOUNTS REPORTED FOR THE FINANCIAL PLANNING SERVICES ARE INCLUDED AS TAXABLE INCOME ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION ON THE FORM 990 FOR THE EMPLOYEES WHO PARTICIPATE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $5,937,052 | $3,741,863 | +0.6% |
| Expenses | $13,581,003 | $10,894,167 | +0.2% |
| Net Income | $-7,643,951 | $-7,152,304 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ROD F HOCHMAN MD | PRESIDENT/CHAIR | 1.00 |
Officer
Director
|
$0 | $813,801 | $10,113,395 |
| MIKE BUTLER | DIRECTOR (PART YEAR) | 1.00 |
Director
|
$0 | $56,431 | $8,764,668 |
| DEBRA CANALES | DIRECTOR | 1.00 |
Director
|
$0 | $691,108 | $2,694,992 |
| AMY COMPTON-PHILLIPS MD | DIRECTOR | 1.00 |
Director
|
$0 | $533,089 | $2,242,100 |
| RHONDA MEDOWS MD | DIRECTOR (PART YEAR) | 1.00 |
Director
|
$0 | $328,861 | $2,143,321 |
| CINDY STRAUSS | FORMER SECRETARY | 0.00 |
|
$0 | $358,093 | $2,103,634 |
| JO ANN ESCASA-HAIGH | VP/TREASURER (PART YEAR) | 1.00 |
Officer
|
$0 | $434,938 | $1,746,592 |
| JOEL GILBERTSON | DIRECTOR | 1.00 |
Director
|
$0 | $226,050 | $1,333,644 |
| JIM WATSON ESQ | SECRETARY | 1.00 |
Officer
|
$0 | $120,056 | $864,537 |
| TYLER NORRIS | EXECUTIVE DIRECTOR/CEO WBT | 40.00 |
Officer
|
$0 | $109,324 | $748,822 |
| ARPAN WAGHRAY | EXEC MED DIR SHS BEHAV HEALTH | 10.00 |
Key Emp
|
$0 | $49,483 | $438,457 |
| BEN MILLER | CHIEF STRATEGY OFFICER WBT (PT-YR) | 40.00 |
Key Emp
|
$0 | $45,607 | $438,293 |
| ROBIN HENDERSON | EXEC DIR BEHAVIORAL HEALTH | 10.00 |
Key Emp
|
$0 | $18,654 | $322,750 |
| GRAINGER MARBURG | CHIEF OPERATING OFFICER WBT | 40.00 |
Key Emp
|
$0 | $25,844 | $253,440 |
| MAUREEN BISOGNANO | DIRECTOR (PART YEAR) | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRI LUDWIG | DIRECTOR (PART YEAR) | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $5,937,052 | $13,581,003 | $114,841,688 | $-7,643,951 |
| 2019 | $3,741,863 | $10,894,167 | $113,570,818 | $-7,152,304 |
| 2019 | $3,741,863 | $9,987,417 | $113,570,818 | $-6,245,554 |
| 2018 | $4,051,844 | $22,158,176 | $111,595,999 | $-18,106,332 |
| 2018 | $4,051,844 | $19,891,737 | $111,595,999 | $-15,839,893 |
Compare INSTITUTE FOR MENTAL HEALTH & WELLNESS with other nonprofits in Washington and across the country.