REDEEMED & RESTORED

EIN: 824484799 501(c)(3) Mental Health

HOPKINSVILLE, KY

Total Revenue
$1,068,708
Total Expenses
$1,318,071
Total Assets
$1,162,730
Net Assets
$994,667
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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
2018
Principal Officer
CANDICE GROVES
Phone
2704980652
Tax Period
2024-01-01 to 2024-12-31

REDEEMED & RESTORED, founded in 2018, is a community nonprofit in the Mental Health sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $1.3M exceeded revenue, resulting in a 23% operating deficit.

Mission

OUR MISSION IS SIMPLE YET PROFOUND, CHANGING LIVES THROUGH CHRIST. WE WANT TO HELP INDIVIDUALS COME TO CHRIST, BEING REDEEMED BY HIS BLOOD AND RESTORED AND TRANSFORMED BY HIS WORD. OUR GOAL IS TO ASSIST INDIVIDUALS STRUGGLING WITH ADDICTIONS, MENTAL HEALTH ISSUES AND OTHER LIFE CIRCUMSTANCES LEARN HOW TO COPE EFFECTIVELY. WE WANT TO SHOW THEM HOW TO LEAN ON CHRIST JESUS AS THEY WORK THROUGH THEIR PHYSICAL, EMOTIONAL, FINANCIAL AND LEGAL LIFE ISSUES. WE DESIRE TO HELP INDIVIDUALS BE MADE NEW THROUGH CHRIST, LEARNING CONSTRUCTIVE WAYS OF THINKING, APPROPRIATE COMMUNICATION TO THEMSELVES AND OTHERS, PERSONAL RESPONSIBILITY, RELAPSE PREVENTION, AND OTHER IMPORTANT LIFE SKILLS. WE PRAY FOR EACH INDIVIDUAL WE COME INTO CONTACT WITH TO BE HEALED AND RESTORED THROUGH CHRIST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $32,376
Program Service Revenue $1,024,005
Investment Income $7,481
Other Revenue $4,846
TOTAL REVENUE $1,068,708

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,026,907
Fundraising Expenses $0
Program Expenses $1,318,071
Other Expenses $291,164
TOTAL EXPENSES $1,318,071

Year-over-Year Comparison

2024 2023 Change
Revenue $1,068,708 $1,337,624 -0.2%
Expenses $1,318,071 $1,313,600 +0.0%
Net Income $-249,363 $24,024 -11.4%
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

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Governance

Voting Members
3
Independent Members
3
Employees
40
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CANDICE GROVES PRESIDENT N/A
Officer Director
$0 $0 $0
JANET TUCKER SECRETARY/TR N/A
Officer Director
$0 $0 $0
TIMOTHY TUCKER VICE PRESIDE N/A
Officer 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
2025 No data No data No data No data
2024 $1,068,708 $1,318,071 $1,162,730 $-249,363
2023 $1,337,624 $1,313,600 $1,468,549 $24,024
2022 $1,386,396 $1,101,763 $1,504,694 $284,633
2021 $1,699,052 $1,160,608 $1,272,725 $538,444
2020 $1,295,895 $1,102,142 $794,605 $193,753
2019 $1,054,743 $913,228 $522,577 $141,515
2018 $108,199 $38,844 $394,355 $69,355
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