RAVEN CARES 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

2021

Legal Domicile

Principal Officer

COLTEN BINDNER

Phone

6063562157

Tax Period

2023-01-01 to 2023-12-31

RAVEN CARES INC, founded in 2021, is a small nonprofit in the Mental Health sector that reported $270K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $346K exceeded revenue, resulting in a 28% operating deficit.

Mission

THE ORGANIZATION WAS ESTABLISHED TO ASSIST INDIVIDUALS WHO ARE COMMITTED TO SEEKING RECOVERY FROM THE USE OF DRUGS AND ALCOHOL. THE ORGANIZATION WORKS DIRECTLY WITH COMMUNITIES, ORGANIZATIONS, FAMILIES AND INDIVIDUALS TO POSITIVELY CREATE CHANGE AMON THOSE AFFLICTED BY ADDICTION SO THAT THEY MAY LIVE PRODUCTIVE AND FULFILLING LIVES.

Program Service Accomplishments

Program 1

Expenses: $345,544

THE ORGANIZATION WAS ABLE TO SUPPORT MULTIPLE INDIVIDUALS AS THEY TRANSITIONED FROM THEIR RECOVERY PROGRAMS. THE ORGANIZATION WAS AWARDED A $500,000 GRANT FROM THE APPALACHIAN REGIONAL COMMISSION...

THE ORGANIZATION WAS ABLE TO SUPPORT MULTIPLE INDIVIDUALS AS THEY TRANSITIONED FROM THEIR RECOVERY PROGRAMS. THE ORGANIZATION WAS AWARDED A $500,000 GRANT FROM THE APPALACHIAN REGIONAL COMMISSION BECAUSE OF ITS SUCCESS IN OFFERING SAFE HOUSING, WRAP-AROUND SERVICES, AND JOB DEVELOPMENT AND PLACEMENT SERVICES. A PORTION OF THE GRANT WAS RECEIVED IN 2023 AND THE REMAINING AMOUNT IS AVAILABLE FOR FUTURE ASSISTANCE EFFORTS OF THE ORGANIZATION.

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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 $269,768

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $269,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,241

Fundraising Expenses $0

Program Expenses $345,544

Other Expenses $137,245

TOTAL EXPENSES $345,544

Year-over-Year Comparison

	2023	2022	Change
Revenue	$269,768	$188,034	+0.4%
Expenses	$345,544	$83,895	+3.1%
Net Income	$-75,776	$104,139	-1.7%

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

$67,308

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES NICKELL	DIRECTOR	1.00	Director	$0	$0	$0
JOSH HICKS	DIRECTOR	1.00	Director	$0	$0	$0
TONYA LEMASTER	DIRECTOR	1.00	Director	$0	$0	$0
JOSH PREECE	VICE PRESIDENT	40.00	Officer	$25,000	$0	$25,000
AUDREY HOLBROOK	PRESIDENT	40.00	Officer	$42,308	$0	$42,308

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
2023	$269,768	$345,544	$30,500	$-75,776