Washed Clean Addiction & Recovery Ministries (EIN 832620535) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Phone

6052313235

Tax Period

2023-12-01 to 2024-11-30

Washed Clean Addiction and Recovery Ministry, founded in 2018, is a small nonprofit in the Mental Health sector that reported $218K in total revenue in fiscal year 2020. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $62K, a strong 29% operating margin.

Mission

To Help addicts get ready to listen so they will be open to recovery from addiction. Washed Clean has 3 group homes so they can provide a retreat from the temptations of addiction.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $147,725

Program Service Revenue $317,602

Investment Income $0

Other Revenue $0

TOTAL REVENUE $465,327

Expense Breakdown

Grants Paid $4,081

Salaries & Benefits $167,281

Fundraising Expenses $0

Program Expenses $394,279

Other Expenses $222,917

TOTAL EXPENSES $394,279

Year-over-Year Comparison

	2023	2022	Change
Revenue	$465,327	$414,987	+0.1%
Expenses	$394,279	$439,894	-0.1%
Net Income	$71,048	$-24,907	-3.9%

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

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

$84,000

Total Directors

$84,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Bose	Treasurer	2	Officer Director	$0	$0	$0
Craig Allen Nichols	President	40	Officer Director	$48,000	$0	$48,000
Douglas Weinzeti	Secretary	2	Officer Director	$0	$0	$0
Nichola Nichols	Officer	40	Officer Director	$36,000	$0	$36,000
Jack Lavine	Director	2	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
2024	$465,327	$394,279	$1,382,679	$71,048
2023	$414,987	$439,894	$1,346,685	$-24,907
2022	$524,148	$314,949	$1,170,737	$209,199
2021	$217,551	$155,491	$205,365	$62,060

Washed Clean Addiction & Recovery Ministries