M GORMAN PSYCHOLOGICAL ASSOCIATES INC (EIN 841669692) - 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

2004

Legal Domicile

Principal Officer

STACEY LAMBERT

Phone

6173276777

Tax Period

2024-06-01 to 2025-05-31

M GORMAN PSYCHOLOGICAL ASSOCIATES INC, founded in 2004, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $1.4M left a modest 4% surplus.

Mission

TO PROVIDE COMPREHENSIVE PSYCHOLOGICAL ASSESSMENT TO ADDRESS PROBLEMS OF LEARNING AND ADJUSTMENT FOR CHILDREN, ADOLESCENTS, AND ADULTS.

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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 $0

Program Service Revenue $1,485,311

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,485,311

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,409,375

Other Expenses $1,419,609

TOTAL EXPENSES $1,419,609

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,485,311	$1,876,519	-0.2%
Expenses	$1,419,609	$1,863,054	-0.2%
Net Income	$65,702	$13,465	+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

N/A

Employees

N/A

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

$309,020

Total Directors

$1,126,937

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICHOLAS COVINO	PRESIDENT	5.00	Director	$0	$72,943	$786,973
STACEY LAMBERT	VICE PRESIDENT OF ACADEMIC AFFAIRS	5.00	Director	$0	$46,022	$339,964
DANIEL BRENT	TREASURER AND CLERK	5.00	Officer	$0	$9,159	$309,020

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	$1,485,311	$1,419,609	$232,231	$65,702
2024	$1,876,519	$1,863,054	$166,529	$13,465
2023	$1,925,070	$2,124,161	$153,064	$-199,091
2022	$1,654,108	$1,542,203	$352,155	$111,905
2021	$1,237,385	$1,207,486	$240,250	$29,899
2020	$1,118,284	$1,029,907	$210,351	$88,377
2019	$1,043,736	$1,011,989	$121,974	$31,747
2018	$996,485	$978,468	$90,227	$18,017

M GORMAN PSYCHOLOGICAL ASSOCIATES INC