GATHER WELL PSCHEDELICS INC (EIN 853421070) - 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

Phone

2027395284

Tax Period

2024-01-01 to 2024-12-31

GATHER WELL PSCHEDELICS INC, founded in 2020, is a small nonprofit in the Mental Health sector that reported $592K in total revenue in fiscal year 2024. Expenses of $710K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO RESEARCH THE EFFECTIVENESS OF VARIOUS KINDS OF THERAPEUTIC AND EDUCATIONAL APPROACHES TO PSYCHEDELIC ASSISTED THERAPY. IN ORDER TO PROVIDE THE RESEARCH COMPONENTS WE WILL TRAIN PRACTIONERS TO PROVIDE TREATMENT FOR RESEARCH.

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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 $508,000

Program Service Revenue $84,086

Investment Income $0

Other Revenue $13

TOTAL REVENUE $592,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $518,762

Fundraising Expenses $51,876

Program Expenses $481,959

Other Expenses $191,686

TOTAL EXPENSES $710,448

Year-over-Year Comparison

	2024	2023	Change
Revenue	$592,099	N/A	N/A
Expenses	$710,448	N/A	N/A
Net Income	$-118,349	N/A	N/A

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

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

$81,475

Total Directors

Key Employees

$191,777

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER COLLOTTA	EMPLOYEE	40.00	Key Emp	$85,750	$0	$85,750
NAAMA GROSSBARD	EXECUTIVE DIRECTOR	40.00	Officer	$81,475	$0	$81,475
NIKIYA SCHWARZ	EMPLOYEE	15.00	Key Emp	$58,811	$0	$58,811
FLORIE ST AIME	EMPLOYEE	8.00	Key Emp	$23,608	$0	$23,608
SUSAN WEISS	N/A	7.00	Key Emp	$23,608	$0	$23,608

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	$592,099	$710,448	$21,489	$-118,349
2023	$560,701	$773,308	$126,317	$-212,607
2022	$138,624	$961,413	$2,604,714	$-822,789
2021	$4,501,399	$1,871,034	$3,754,554	$2,630,365
2021	$336,593	$915,794	$3,362,461	$-579,201

GATHER WELL PSCHEDELICS INC