REFOCUS RECOVERY

EIN: 870955028 501(c)(3) Mental Health

MINNEAPOLIS, MN

Total Revenue
$4,711,454
Total Expenses
$5,305,437
Total Assets
$1,010,920
Net Assets
$-946,117
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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
MN
Principal Officer
TIMOTHY SANDERS
Phone
6125683226
Tax Period
2022-01-01 to 2022-12-31

REFOCUS RECOVERY, founded in 2021, is a community nonprofit in the Mental Health sector that reported $4.7M in total revenue in fiscal year 2022. Expenses of $5.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE RECOVERY SUPPORT SERVICES AND ORGANIZE A COMMUNITY OF SUPPORT FOR ALL INVOLVED.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,711,454
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,711,454

Expense Breakdown

Grants Paid $0
Salaries & Benefits $370,633
Fundraising Expenses $36,404
Program Expenses $4,244,349
Other Expenses $4,934,804
TOTAL EXPENSES $5,305,437

Year-over-Year Comparison

2022 2021 Change
Revenue $4,711,454 N/A N/A
Expenses $5,305,437 N/A N/A
Net Income $-593,983 $0 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

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Governance

Voting Members
4
Independent Members
3
Employees
2
Volunteers
4

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
4
$84,393
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC GUSTAFSON PRESIDENT 2.00
Officer Director
$0 $0 $0
MARY PIERCE TREASURER 2.00
Officer Director
$0 $0 $0
ABDIRAHMAN WARSAME SECRETARY 2.00
Officer Director
$0 $0 $0
DANIEL LARSON INTERIM ED TO 5/22 DIR TO 12/22 2.00
Director
$0 $0 $0
TIMOTHY SANDERS EXECUTIVE DIRECTOR 40.00
Officer
$76,935 $7,458 $84,393
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
2022 $4,711,454 $5,305,437 $1,010,920 $-593,983
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