RECOVERY INNOVATIONS OF ARIZONA INC

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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

1990

Legal Domicile

Principal Officer

DAVID COVINGTON

Phone

6026364408

Tax Period

2023-07-01 to 2024-06-30

RECOVERY INNOVATIONS OF ARIZONA INC, founded in 1990, is a small nonprofit in the Mental Health sector that reported $485K in total revenue in fiscal year 2023. The organization ran a surplus of $400K, a strong 82% operating margin.

Mission

EMPOWERING PEOPLE TO RECOVER, SUCCEED IN ACCOMPLISHING THEIR GOALS, FIND MEANING AND PURPOSE IN LIFE AND RECONNECT WITH THEMSELVES AND OTHERS.

Program Service Accomplishments

Program 1

Expenses: $85,621 Revenue: $75,297

RECOVERY INNOVATIONS OF ARIZONA, INC. ("RIAZ") PROVIDES HOUSING FOR INDIVIDUALS QUALIFYING FOR SERVICES UNDER MERCY CARE'S ASSERTIVE COMMUNITY TREATMENT PROGRAM.

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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 $0

Program Service Revenue $75,297

Investment Income $410,000

Other Revenue $0

TOTAL REVENUE $485,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85,621

Other Expenses $85,621

TOTAL EXPENSES $85,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$485,297	$-106,150	-5.6%
Expenses	$85,621	$73,686	+0.2%
Net Income	$399,676	$-179,836	-3.2%

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

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

$930,478

Total Directors

$380,201

Key Employees

$1,291,900

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID W COVINGTON	PRESIDENT/CEO	0.40	Officer Director	$0	$48,556	$372,701
STEVEN FASICK	TREASURER	0.40	Officer Director	$0	$0	$0
DEQUNICY MEIFFREN-LEZINE	SECRETARY	0.40	Officer Director	$0	$0	$0
SHANNON JACCARD	CHAIR	0.40	Officer Director	$0	$0	$0
DR DENNIS MORRISON	VICE-CHAIR	0.40	Officer Director	$0	$0	$7,500
JAN KASOFSKY	MEMBER	0.40	Director	$0	$0	$0
PIERLUIGI MANCINI	MEMBER	0.40	Director	$0	$0	$0
SHELBY ROWE	MEMBER	0.40	Director	$0	$0	$0
DR ROCHELLE HEAD-DUNHAM	MEMBER	0.40	Director	$0	$0	$0
DR RONALD FORBES	MEMBER	0.40	Director	$0	$0	$0
JOE WILLIAMS	MEMBER	0.40	Director	$0	$0	$0
TERRY RUSSELL	MEMBER (THRU JUL)	0.40	Director	$0	$0	$0
MEENA DAYAK	MEMBER	0.40	Director	$0	$0	$0
VICTOR ARMSTRONG	MEMBER	0.40	Director	$0	$0	$0
DR KEN THOMPSON	MEMBER	0.40	Director	$0	$0	$0
BRIAN KARR	CFO (THRU AUG)/CAO (AUG-MAR)	0.40	Officer	$0	$39,967	$138,253
STEPHEN WARD	CFO (FROM AUG)	0.40	Officer	$0	$68,447	$223,432
REBECCA JOY BRUNSON-NSUBUGA	COO	0.00	Officer	$0	$16,746	$188,592
CHARLES BROWNING	CHIEF MEDICAL OFFICER	0.00	Key Emp	$0	$72,956	$406,567
PAUL J GALDYS	DEPUTY CHIEF EXECUTIVE OFFICER	0.00	Key Emp	$0	$55,559	$232,485
MICHAEL ALLEN RIDDLE	ASSOCIATE CHIEF MEDICAL OFFICER	0.00	Key Emp	$0	$48,369	$393,974
JAMES SELLARS	CHIEF STRATEGY OFFICER	0.00	Key Emp	$0	$71,114	$258,874
ASHLYN L CROSBY	NURSE PRACTITIONER	0.00	Highest	$0	$47,140	$282,458
KELECHI IHUOMA NWAORGU	NURSE PRACTITIONER	0.00	Highest	$0	$40,119	$277,923
RENEE KANIA	NURSE PRACTITIONER	0.00	Highest	$0	$39,507	$238,786
MICHELLE FRANCES HAMILTON	NURSE PRACTITIONER	0.00	Highest	$0	$32,787	$252,454
JACQUELYN RENE BYBEE	NURSE PRACTITIONER	0.00	Highest	$0	$22,344	$248,657

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	No data	No data	No data	No data
2024	$485,297	$85,621	$3,375,028	$399,676
2023	$-106,150	$73,686	$2,976,542	$-179,836
2022	$78,024	$122,409	$3,132,347	$-44,385
2021	$91,968	$101,408	$3,181,283	$-9,440
2020	$37,708	$105,985	$3,170,053	$-68,277
2019	$67,333	$95,332	$3,232,241	$-27,999
2018	$74,800	$78,297	$3,411,332	$-3,497