The Healing Place of New Hanover County Inc (EIN 853768731) - 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

Robert Thomas

Phone

9109704673

Tax Period

2024-07-01 to 2025-06-30

The Healing Place of New Hanover County Inc, founded in 2020, is a community nonprofit in the Mental Health sector that reported $5.8M in total revenue in fiscal year 2024. Expenses of $5.0M left a modest 14% surplus.

Mission

Facilities and programs for men and women who are homeless and/or addicted to drugs and alcohol. Services provide education on addiction and tools for recovery while transitioning those individuals back into a self-supported social environment.

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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 $364,716

Program Service Revenue $5,378,762

Investment Income $11,758

Other Revenue $26,281

TOTAL REVENUE $5,781,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,096,481

Fundraising Expenses $109,786

Program Expenses $3,020,432

Other Expenses $1,861,097

TOTAL EXPENSES $4,957,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,781,517	$5,535,175	+0.0%
Expenses	$4,957,578	$4,413,138	+0.1%
Net Income	$823,939	$1,122,037	-0.3%

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

$126,250

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jay Davidson	President	1.00	Officer Director	$0	$0	$0
Hank Miller	Director	1.00	Officer Director	$0	$0	$0
Dameka Weathers	Secretary	1.00	Officer Director	$0	$0	$0
John-Mark Hack	Treasurer	1.00	Officer Director	$0	$0	$0
Takeema Young	Director	1.00	Director	$0	$0	$0
Louise Coggins	Director	1.00	Director	$0	$0	$0
Frankie Roberts	Director	1.00	Director	$0	$0	$0
Maurice Ludwig	Director	1.00	Director	$0	$0	$0
Lenwood Bo Dean	Director	1.00	Director	$0	$0	$0
Courtney Weisshaupt	Vice President	1.00	Director	$0	$0	$0
Christie Edwards	Director	1.00	Director	$0	$0	$0
Brian Mingia	Executive Director	40.00	Officer	$126,250	$0	$126,250

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	$5,781,517	$4,957,578	$2,831,192	$823,939
2024	$5,535,175	$4,413,138	$1,971,636	$1,122,037
2023	$2,614,254	$2,082,958	$879,003	$531,296

The Healing Place of New Hanover County Inc