CORE TREATMENT SERVICES INC (EIN 843116096) - 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

2019

Legal Domicile

Principal Officer

BRETT NORELL

Phone

9206631035

Tax Period

2023-01-01 to 2023-12-31

CORE TREATMENT SERVICES INC, founded in 2019, is a community nonprofit in the Mental Health sector that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 12% surplus.

Mission

WE EXIST TO MAKE MANITOWOC COUNTY THE HEALTHIEST RECOVERY COMMUNITY IN WISCONSIN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $276,949

Program Service Revenue $2,104,103

Investment Income $13,463

Other Revenue $85,945

TOTAL REVENUE $2,480,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,623,653

Fundraising Expenses $18,020

Program Expenses $1,446,343

Other Expenses $558,959

TOTAL EXPENSES $2,182,612

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,480,460	$1,800,827	+0.4%
Expenses	$2,182,612	$1,601,231	+0.4%
Net Income	$297,848	$199,596	+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

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

$204,143

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT NORELL	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
CHERYL REINKE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
AMANDA SITKIEWITZ	TREASURER	5.00	Officer Director	$0	$0	$0
SISTER ADRIANA SCHOUTEN	SECRETARY	5.00	Officer Director	$0	$0	$0
BASIL BUCHKO	MEMBER	1.00	Director	$0	$0	$0
RACHEL COLBURN	MEMBER	1.00	Director	$0	$0	$0
PATTI GLASER	MEMBER	1.00	Director	$0	$0	$0
LT DAVE REMIKER	MEMBER	1.00	Director	$0	$0	$0
GARY UNDERWOOD	MEMBER	1.00	Director	$0	$0	$0
CORRIE SKUBAL THRU NOV 2023	MEMBER	1.00	Director	$0	$0	$0
PETER ALLIE THRU SEP 2023	MEMBER	1.00	Director	$0	$0	$0
TRENT NELSON THRU FEB 2023	MEMBER	1.00	Director	$0	$0	$0
CARMEN PERSAUD	EXECUTIVE DIRECTOR	40.00	Officer	$101,021	$9,938	$110,959
CHRIS GILBERT	CO-EXECUTIVE DIRECTOR	35.00	Officer	$86,315	$6,869	$93,184

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	No data	No data	No data	No data
2023	$2,480,460	$2,182,612	$2,575,853	$297,848
2022	$1,800,827	$1,601,231	$2,336,091	$199,596
2021	$1,753,680	$1,327,016	$1,002,220	$426,664
2020	$1,029,055	$633,949	$537,974	$395,106

CORE TREATMENT SERVICES INC