OPERATION RECOVERY INC (EIN 844836118) - 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

2020

Legal Domicile

Principal Officer

JON COLLETTE

Phone

8139221111

Tax Period

2024-01-01 to 2024-12-31

OPERATION RECOVERY INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $605K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 68% operating deficit.

Mission

AT OPERATION RECOVERY, WE SERVE OUR NATION'S HEROES: VETERANS, FIRST RESPONDERS, AND THEIR FAMILIES. WE DO THIS BY PROVIDING AWARENESS AND SUPPORT FOR VETERANS AND FIRST RESPONDERS THROUGH SUPPLIES, TRAINING, HOUSING, HEALTH SERVICES AS WELL AS COMMUNITY EVENTS, AND TO PROVIDE CHARITABLE SUPPORT FOR DISTRESSED

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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 $602,381

Program Service Revenue $0

Investment Income $2,862

Other Revenue $0

TOTAL REVENUE $605,243

Expense Breakdown

Grants Paid $0

Salaries & Benefits $451,012

Fundraising Expenses $0

Program Expenses $812,317

Other Expenses $568,500

TOTAL EXPENSES $1,019,512

Year-over-Year Comparison

	2024	2023	Change
Revenue	$605,243	$1,560,977	-0.6%
Expenses	$1,019,512	$1,670,108	-0.4%
Net Income	$-414,269	$-109,131	+2.8%

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

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

$298,154

Total Directors

$298,154

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON COLLETTE	PRESIDENT	1.00	Officer Director	$100,000	$0	$100,000
WESLEY WRATHER	TREASURER	0.00	Officer Director	$0	$0	$0
IAN PATTERSON	DIRECTOR	1.00	Officer Director	$120,000	$0	$120,000
JOSEPH OLZACKI	DIRECTOR	1.00	Officer Director	$78,154	$0	$78,154

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	$605,243	$1,019,512	$109,236	$-414,269
2024	$605,243	$1,019,512	$109,236	$-414,269
2023	$1,560,977	$1,670,108	$523,505	$-109,131
2022	$1,160,212	$1,938,959	$558,522	$-778,747
2022	$1,160,212	$1,938,959	$558,522	$-778,747
2021	$9,515,889	$8,178,620	$1,337,269	$1,337,269

OPERATION RECOVERY INC