Edinburg, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Novelty Behavioral Health, founded in 2022, is a small nonprofit in the Mental Health sector that reported $599K in total revenue in fiscal year 2023. Expenses of $557K left a modest 7% surplus.
Mission - Our mission is to provide Accessible and Affordable Holistic-Based mental-health care to the communities we serve without without regard to their background or insurance status in a caring environment. Novelty Behavioral Health provided Mental Health and Substance Abuse services for over 1,500 patients. Created a Patient Assistance Program whereby uninsured individuals are able to access mental health care at low to no cost (this program alone benefited a little over 300 individuals). We also were able to provide MAT (Medication Assisted Treatment) to individuals referred by other nearby nonprofit organizations. We were able to expand services to a variety of cities and provide care for numebrous children and their parents.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $599,358 | N/A | N/A |
| Expenses | $557,100 | N/A | N/A |
| Net Income | $42,258 | $0 | N/A |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RAUL CORREA | EXECUTIVE DIRECTOR | 60 |
Officer
Key Emp
|
$80,076 | $0 | $80,076 |
| Dorcas Adepoju | Director for Psychiatry Services | 10 |
Officer
Key Emp
|
$1,300 | $0 | $1,300 |
| Virdia Hall | Board Secretary | 1 |
Officer
|
$0 | $0 | $0 |
| Sharla Taylor | Board Treasurer | 1 |
Officer
|
$0 | $0 | $0 |
| Dona Dockery-Cooper | Board Medical Director | 1 |
Officer
|
$0 | $0 | $0 |
| Asnake Manyazewal | Director of Pharmacy Services | 1 |
Officer
|
$0 | $0 | $0 |
| Randrick Chance | Director of Family and Biblical Counseling | 2 |
Officer
Key Emp
|
$150 | $0 | $150 |
| Doreen Dennis | Director of Community Affairs | 1 |
Officer
|
$0 | $0 | $0 |
| Mcken Carrington | Director of Legal Compliance | 1 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $599,358 | $557,100 | $42,258 | $42,258 |
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