HILLSIDE WELLNESS CENTER

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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

IRENE YAYMADJIAN

Phone

8188496888

Tax Period

2024-01-01 to 2024-12-31

HILLSIDE WELLNESS CENTER, founded in 2017, is a small nonprofit in the Mental Health sector that reported $194K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $264K exceeded revenue, resulting in a 36% operating deficit.

Mission

HILLSIDE WELLNESS CENTER IS A NON-PROFIT, COMMUNITY COUNSELING CENTER, DEDICATED TO PROVIDING AFFORDABLE INCLUSIVE MENTAL HEALTH SERVICES TO INDIVIDUALS, COUPLES, AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $263,769 Revenue: $193,379

HILLSIDE WELLNESS CENTER PROVIDES AFFORDABLE INCLUSIVE MENTAL HEALTH SERVICES TO INDIVIDUALS, COUPLES, AND FAMILIES BY MEANS OF THERAPY SESSIONS PROVIDED TO INDIVIDUALS, FAMILIES, COUPLES, CHILDREN, AND GROUPS. DURING 2024 THE ORGANIZATION TREATED AN AVERAGE OF 348 PATIENTS WITH AN ESTIMATED 9 SESSIONS PER PATIENT FOR A TOTAL OF 3,132 SESSIONS PROVIDED. THE ORGANIZATION DID NOT PROVIDE ANY OTHER PROGRAM SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $825

Program Service Revenue $193,379

Investment Income $0

Other Revenue $0

TOTAL REVENUE $194,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,196

Fundraising Expenses $0

Program Expenses $263,769

Other Expenses $152,573

TOTAL EXPENSES $263,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$194,204	$282,165	-0.3%
Expenses	$263,769	$330,130	-0.2%
Net Income	$-69,565	$-47,965	+0.5%

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

$15,938

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGHAN COMPTON	BOARD MEMBER AND SECRETARY	1.00	Officer Director	$0	$0	$0
GOHAR ABELIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
EMMY GALSTYAN	BOARD MEMBER	1.00	Director	$0	$0	$0
IRENE YAYMADJIAN	CFO AND CEO	40.00	Officer	$15,938	$0	$15,938

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	$194,204	$263,769	$2,847	$-69,565
2023	$282,165	$330,130	$46,185	$-47,965
2022	$375,416	$322,479	$95,937	$52,937