MIND OC (EIN 823901590) - 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

PHILLIP FRANKS

Phone

9495699040

Tax Period

2024-01-01 to 2024-12-31

MIND OC, founded in 2017, is a mid-sized nonprofit in the Human Services sector that reported $50.4M in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $16.4M, a strong 32% operating margin.

Mission

MIND OC / BE WELL ORANGE COUNTY IS WORKING TO MAKE ORANGE COUNTY THE HAPPIEST AND HEALTHIEST COMMUNITY IN THE UNITED STATES AND THAT STARTS WITH A WORLD-CLASS MENTAL HEALTH CARE SYSTEM. THE MISSION IS TO MAKE COMPASSIONATE MENTAL HEALTH CARE MORE ACCESSIBLE FOR OUR COMMUNITY.

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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 $44,415,799

Program Service Revenue $2,531,635

Investment Income $3,331,671

Other Revenue $110,771

TOTAL REVENUE $50,389,876

Expense Breakdown

Grants Paid $135,222

Salaries & Benefits $10,651,902

Fundraising Expenses $319,296

Program Expenses $28,891,243

Other Expenses $23,233,912

TOTAL EXPENSES $34,021,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,389,876	$127,871,002	-0.6%
Expenses	$34,021,036	$32,298,953	+0.1%
Net Income	$16,368,840	$95,572,049	-0.8%

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

149

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

$1,197,287

Total Directors

$436,689

Key Employees

$449,180

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILLIP FRANKS	CEO	40.00	Officer Director	$411,989	$24,700	$436,689
RICHARD AFABLE	PRESIDENT/BOARD CHAIR	2.00	Officer Director	$0	$0	$0
RICHARD STEINBERG	SECRETARY	2.00	Officer Director	$0	$0	$0
ALI SANTORETERM END 1224	DIRECTOR	2.00	Director	$0	$0	$0
BILL TAORMINA	DIRECTOR	2.00	Director	$0	$0	$0
STEVE PITMAN	DIRECTOR	2.00	Director	$0	$0	$0
MARK COSTA	DIRECTOR	2.00	Director	$0	$0	$0
MARCIA MANKER	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN TAYLOR	DIRECTOR	2.00	Director	$0	$0	$0
RACHEL SELLECK	DIRECTOR	2.00	Director	$0	$0	$0
TERRENCE WALKER	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR JORDAN	CFO	40.00	Officer	$380,411	$34,243	$414,654
DESIREE THOMAS	COO	40.00	Officer	$323,732	$22,212	$345,944
JESSICA FOATTERM END 824	DIRECTOR, MOBILE RESPONSE	40.00	Key Emp	$204,603	$20,063	$224,666
VALERIE FRYERTERM END 924	DIRECTOR OF FINANCE	40.00	Key Emp	$194,801	$29,713	$224,514
NICOLE RAMIREZ	QUALITY DIRECTOR	40.00	Highest	$188,181	$25,701	$213,882
RACHEL TILLMANTERM END 924	HR DIRECTOR	40.00	Highest	$171,993	$30,413	$202,406
LAUREN BRANDTERM END 424	EXECUTIVE DIRECTOR, CAMPUS OPERATIONS	40.00	Highest	$140,664	$16,630	$157,294
KATHRYN HAMELTERM END 524	VP, MOBILE OPERATIONS	40.00	Highest	$139,709	$11,322	$151,031
ANITA LEWICKE	MANAGER OF CAMPUS OPERATIONS	40.00	Highest	$128,638	$27,707	$156,345
MARSHALL MONCRIEF	FORMER CEO	40.00		$263,442	$14,498	$277,940

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	$53,889,848	$34,021,036	$198,053,850	$19,868,812
2024	$50,389,876	$34,021,036	$198,053,850	$16,368,840
2023	$127,871,002	$32,298,953	$180,927,337	$95,572,049
2022	$32,659,446	$14,325,838	$75,031,457	$18,333,608
2021	$16,090,055	$9,609,086	$53,343,760	$6,480,969
2020	$3,106,892	$4,041,443	$49,227,916	$-934,551
2019	$47,362,253	$1,877,741	$46,508,052	$45,484,512
2018	$798,952	$229,330	$569,622	$569,622

MIND OC