Nexus Recovery Center Foundation (EIN 920960995) - Form 990 Financial Analysis & Trantor Score

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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

2023

Legal Domicile

Principal Officer

Heather Ormand

Phone

2143210156

Tax Period

2023-09-01 to 2024-08-31

Nexus Recovery Center Foundation, founded in 2023, is a small nonprofit in the Mental Health sector that reported $990K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 52% operating deficit.

Mission

Supporting organization to Nexus Recovery Center Incorporated.

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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 $876,100

Program Service Revenue $0

Investment Income $32,148

Other Revenue $81,611

TOTAL REVENUE $989,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $486,110

Fundraising Expenses $1,153,439

Program Expenses $268,540

Other Expenses $1,021,209

TOTAL EXPENSES $1,507,319

Year-over-Year Comparison

	2023	2022	Change
Revenue	$989,859	$3,648,816	-0.7%
Expenses	$1,507,319	$1,521,575	0.0%
Net Income	$-517,460	$2,127,241	-1.2%

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
Billy Murray	Chair	1.00	Officer Director	$0	$0	$0
Karl Nelson	Secretary	1.00	Officer Director	$0	$0	$0
Raymond Faus	Recovery Risig Campaign Co	1.00	Officer Director	$0	$0	$0
Telisa Schelin	Director	1.00	Director	$0	$0	$0
Robb James	Director	1.00	Director	$0	$0	$0
Michelle Langenberg	Director	1.00	Director	$0	$0	$0
Sharon King	Ex-Officio Nexus Recovery	1.00	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	$989,859	$1,507,319	$15,644,819	$-517,460
2023	$3,648,816	$1,521,575	$6,724,135	$2,127,241

Nexus Recovery Center Foundation