MODERN MINDS (EIN 843549226) - 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

ABIGAIL KNAB

Phone

8432663880

Tax Period

2023-01-01 to 2023-12-31

MODERN MINDS, founded in 2019, is a community nonprofit in the Mental Health sector that reported $4.5M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $769K, a strong 17% operating margin.

Mission

MODERN MINDS IS A MENTAL HEALTH AND WELLBEING PRACTICE PRIORITIZING THERAPY AND WHOLE-PERSON HEALTH.

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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 $3,895,000

Program Service Revenue $631,816

Investment Income $-33,157

Other Revenue $292

TOTAL REVENUE $4,493,951

Expense Breakdown

Grants Paid $9,300

Salaries & Benefits $514,088

Fundraising Expenses $0

Program Expenses $2,615,424

Other Expenses $3,201,863

TOTAL EXPENSES $3,725,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,493,951	$4,080,370	+0.1%
Expenses	$3,725,251	$4,352,690	-0.1%
Net Income	$768,700	$-272,320	-3.8%

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

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

Total Directors

$228,667

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN NAVARRO	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DR DAVID COLE	VICE-CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DR PATRICK CAWLEY	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN DURBIN	DIRECTOR/DIR. OF PROG. SYNC	40.00	Director	$190,331	$38,336	$228,667
FORD PERRY	DIRECTOR	1.00	Director	$0	$0	$0
DR LISA SALADIN	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE BROWN	SECRETARY	1.00	Officer	$0	$0	$0
ABIGAIL KNAB	TREASURER	1.00	Officer	$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	No data	No data	No data	No data
2023	$4,493,951	$3,725,251	$2,640,398	$768,700
2022	$4,080,370	$4,352,690	$2,075,556	$-272,320
2021	$3,163,519	$2,191,223	$1,923,138	$972,296
2020	$2,360,165	$1,959,097	$908,689	$401,068

MODERN MINDS