NOVUM HEALTH SERVICES INCORPORATED

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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

2012

Legal Domicile

Principal Officer

OLADIPUPO OJO

Phone

2405810619

Tax Period

2025-01-01 to 2025-12-31

NOVUM HEALTH SERVICES INCORPORATED, founded in 2012, is a small nonprofit in the Mental Health sector that reported $360K in total revenue in fiscal year 2025. Expenses of $307K left a modest 15% surplus.

Mission

Mental Health Services and couselling

Program Service Accomplishments

Program 1

Expenses: $253,467

Tax-Exempt Purpose Summary for a Mental Health Care Provider The purpose of the organization is to promote the mental and emotional well-being of individuals and families by providing accessible...

Tax-Exempt Purpose Summary for a Mental Health Care Provider The purpose of the organization is to promote the mental and emotional well-being of individuals and families by providing accessible, affordable, and high-quality mental health care services. The organization is organized and operated exclusively for charitable and educational purposes under Section 501(c)(3) of the Internal Revenue Code. Its primary activities include offering counseling, therapy, crisis intervention, support groups, and educational workshops to individuals regardless of their ability to pay. The organization is committed to serving underserved and vulnerable populations, reducing the stigma surrounding mental health, and improving access to care in the community. All services are designed to alleviate mental illness, support recovery, and enhance overall quality of life

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $360,457

Investment Income $0

Other Revenue $0

TOTAL REVENUE $360,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,627

Fundraising Expenses $0

Program Expenses $253,467

Other Expenses $105,960

TOTAL EXPENSES $306,587

Year-over-Year Comparison

	2025	2024	Change
Revenue	$360,457	N/A	N/A
Expenses	$306,587	N/A	N/A
Net Income	$53,870	N/A	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OLADIPUPO OJO	PRACTICE MANAGER	5.00	Officer	$0	$0	$0
YESIDE OJO	N/A	0.00	Officer	$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
2025	$360,457	$306,587	$153,324	$53,870
2024	$366,309	$423,837	$99,454	$-57,528