PERSPECTIVE WELLNESS 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

JUSTIN LUBIN

Phone

4143676649

Tax Period

2024-01-01 to 2024-12-31

PERSPECTIVE WELLNESS INC, founded in 2021, is a small nonprofit in the Mental Health sector that reported $118K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $60K, a strong 51% operating margin.

Mission

PERSPECTIVE WELLNESS, INC'S MISSION IS TO MAKE THE WORLD A BETTER PLACE BY PROMOTING, PROVIDING AND FACILITATING ACCESS TO BREAKTHROUGH MENTAL HEALTH TREATMENTS REGARDLESS OF RACE, GENDER, AGE, INCOME, SEXUAL ORIENTATION, OR SOCIO-CULTURAL BACKGROUND.

Program Service Accomplishments

Program 1

Expenses: $55,593 Revenue: $111,232

PERSPECTIVE WELLNESS, INC. PURPOSE IS TO PROVIDE ACCESS TO APPROPRIATE AND NECESSARY BREAKTHROUGH MENTAL HEALTH TREATMENTS TO ALL PATIENTS REGARDLESS OF ABILITY TO PAY, RACE, GENDER, AGE, INCOME...

PERSPECTIVE WELLNESS, INC. PURPOSE IS TO PROVIDE ACCESS TO APPROPRIATE AND NECESSARY BREAKTHROUGH MENTAL HEALTH TREATMENTS TO ALL PATIENTS REGARDLESS OF ABILITY TO PAY, RACE, GENDER, AGE, INCOME, SEXUAL ORIENTATION, OR SOCIO-CULTURAL BACKGROUND.

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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 $360

Program Service Revenue $111,232

Investment Income $6,215

Other Revenue $0

TOTAL REVENUE $117,807

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,421

Program Expenses $55,593

Other Expenses $58,014

TOTAL EXPENSES $58,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,807	$313,001	-0.6%
Expenses	$58,014	$46,425	+0.2%
Net Income	$59,793	$266,576	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY FOLKERS	SECRETARY	N/A	Officer Director	$0	$0	$0
JUSTIN LUBIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
BEN MCCAULEY	TREASURER	N/A	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	$117,807	$58,014	$351,993	$59,793
2023	$313,001	$46,425	$292,200	$266,576