SYNAPTIC INSTITUTE 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

2022

Legal Domicile

Principal Officer

MATTHEW HICKS

Phone

9714030884

Tax Period

2023-01-01 to 2023-12-31

SYNAPTIC INSTITUTE INC, founded in 2022, is a small nonprofit in the Health Care sector that reported $289K in total revenue in fiscal year 2023. Revenue surged 114% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE INTEGRATIVE AND HOLISTIC MENTAL HEALTH SERVICES INCLUDING PSYCHEDELIC-ASSISTED THERAPY, PROFESSIONAL TRAINING, AND TO CONDUCT CLINICAL RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $198,911 Revenue: $203,823

TUITION AND TRAINING SERVICES: WE PROVIDED HECC AND OPS ACCREDITED TRAINING THAT QUALIFIES STUDENTS TO BECOME LICENSED PSILOCYBIN FACILITATORS IN THE STATE OF OREGON. WE ALSO PROVIDE KETAMINE...

TUITION AND TRAINING SERVICES: WE PROVIDED HECC AND OPS ACCREDITED TRAINING THAT QUALIFIES STUDENTS TO BECOME LICENSED PSILOCYBIN FACILITATORS IN THE STATE OF OREGON. WE ALSO PROVIDE KETAMINE ASSISTED THERAPY TRAINING THAT QUALIFIES NDS TO PRESCRIBE KETAMINE IN THE STATE OF OREGON. THE KETAMINE THERAPY PROGRAM ALSO PREPARES LICENSED THERAPISTS AND COUNSELORS TO DO KETAMINE ASSISTED THERAPY UNDER THE PRESCRIBING SUPERVISION OF A DEA LICENSED PRESCRIBER.

Program 2

Expenses: $66,310 Revenue: $67,948

CLINICAL SERVICES: WE RUN AN INTEGRATIVE CLINIC PROVIDING COUNSELING SERVICES AND HOLISTIC NATUROPATHIC MENTAL HEALTH CARE. WE SPECIALIZED IN KETAMINE ASSISTED THERAPY FOR DEPRESSION AND ANXIETY.

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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 $16,829

Program Service Revenue $271,771

Investment Income $39

Other Revenue $4

TOTAL REVENUE $288,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,398

Fundraising Expenses $0

Program Expenses $265,221

Other Expenses $165,740

TOTAL EXPENSES $285,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,643	$135,126	+1.1%
Expenses	$285,138	$85,524	+2.3%
Net Income	$3,505	$49,602	-0.9%

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

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

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

$99,848

Total Directors