COLLABORATION HEALTHCARE CORP

EIN: 871932619 501(c)(3) Mental Health

NEW CANAAN, CT

Total Revenue
$605,348
Total Expenses
$98,016
Total Assets
$493,742
Net Assets
$493,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CT
Principal Officer
IRENE BIHL
Tax Period
2023-07-01 to 2024-06-30

COLLABORATION HEALTHCARE CORP, founded in 2021, is a small nonprofit in the Mental Health sector that reported $605K in total revenue in fiscal year 2023. Revenue surged 1308% from the prior year, signaling strong growth momentum. The organization ran a surplus of $507K, a strong 84% operating margin.

Mission

PROVIDE FREE HEALTH SERVICES THROUGH A RANGE OF CARE. CARE PROVIDED INCLUDES PRIMARY CARE, BEHAVIORAL AND MENTAL HEALTH SERVICES, SUBSTANCE ABUSE COUNSELING, AND MEDICATION MANAGEMENT. A COMMUNITY OF VOLUNTEERS PROVIDES SERVICES TO ADULTS, EXPECTANT MOTHERS, TEENS, AND CHILDREN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $602,924
Program Service Revenue $0
Investment Income $2,424
Other Revenue $0
TOTAL REVENUE $605,348

Expense Breakdown

Grants Paid $19,848
Salaries & Benefits $0
Fundraising Expenses $16,500
Program Expenses $77,159
Other Expenses $64,168
TOTAL EXPENSES $98,016

Year-over-Year Comparison

2023 2022 Change
Revenue $605,348 $43,005 +13.1%
Expenses $98,016 $43,826 +1.2%
Net Income $507,332 $-821 -618.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
20
Employees
N/A
Volunteers
1620

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
1
$0
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CYNTHIA JEFFREY AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
AKENMISIRE MUSA AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
CRAIG ADLER AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
SUE DENISCO AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
NOAH HENDLER AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
CAROLINE FARRELL AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
ROBERT MITCHELL AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
JOANA LAUTURE AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
DOROTHEA ESPOSITO AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
CONSTANCE GLENN AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
MACKENZIE GORDON SECRETARY 0.00
Director
$0 $0 $0
KATE WHEELER AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
KAREN BAUCE CHAIR 0.00
Director
$0 $0 $0
VICTORIA HOEY VICE CHAIR 0.00
Director
$0 $0 $0
SUE PENQUE AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
HEATHER FERRILLO AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
MARILYN FARBER AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
LUANN ETCHER AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
SALLY GERARD AT LARGE BOARD MEMBER 0.00
Director
$0 $0 $0
IRENE BIHL ADMINISTRATORTREASURER 0.00
Officer Director
$0 $0 $0
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 $605,348 $98,016 $493,742 $507,332
2024 $241,420 $190,089 $545,073 $51,331
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