NOVUM HEALTH SERVICES INCORPORATED

EIN: 881875843 501(c)(3) Mental Health

Glen Burnie, MD

Total Revenue
$366,309
Total Expenses
$423,837
Total Assets
$99,454
Net Assets
$57,828
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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
MD
Principal Officer
OLADIPUPO OJO
Phone
2405810619
Tax Period
2024-01-01 to 2024-12-31

NOVUM HEALTH SERVICES INCORPORATED, founded in 2012, is a small nonprofit in the Mental Health sector that reported $366K in total revenue in fiscal year 2024. Expenses of $424K exceeded revenue, resulting in a 16% operating deficit.

Mission

Mental Health Services and couselling

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $366,309
Investment Income $0
Other Revenue $0
TOTAL REVENUE $366,309

Expense Breakdown

Grants Paid $0
Salaries & Benefits $231,669
Fundraising Expenses $0
Program Expenses $414,455
Other Expenses $192,168
TOTAL EXPENSES $423,837

Year-over-Year Comparison

2024 2023 Change
Revenue $366,309 N/A N/A
Expenses $423,837 N/A N/A
Net Income $-57,528 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

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Governance

Voting Members
2
Independent Members
2
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
2024 $366,309 $423,837 $99,454 $-57,528
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