ASPIRE A MINDFUL PLACE

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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

JULIE WINTERS

Phone

8066819961

Tax Period

2024-01-01 to 2024-12-31

ASPIRE A MINDFUL PLACE, founded in 2023, is a small nonprofit in the Mental Health sector that reported $859K in total revenue in fiscal year 2024. The organization ran a surplus of $784K, a strong 91% operating margin.

Mission

SPECIFICALLY, THE PURPOSE IS TO PROVIDE ACCESS TO MENTAL HEALTH CARE SERVICES FOR RESIDENTS OF THE TEXAS PANHANDLE REGARDLESS OF SOCIOECONOMIC STATUS. THE FOCUS WILL BE ON THE PREVENTION, EARLY INTERVENTION, AND EDUCATIONAL ASPECTS OF MENTAL HEALTH IN HOPES OF PROVIDING PATIENTS FROM CHILDREN THROUGH THE ELDERLY WITH TOOLS TO NOT ONLY GET THROUGH MENTAL HEALTH CRISIS SITUATIONS, BUT ALSO HELP PREVENT MENTAL HEALTH OCCURRENCES BY ADDRESSING EDUCATIONAL NEEDS ACROSS THE MENTAL HEALTH SPECTRUM FOR FAMILIES AND COMMUNITIES IN THE RURAL AREAS OF THE TEXAS PANHANDLE.

Program Service Accomplishments

Program 1

Expenses: $8,371

- TO CONSIDER THE TASK FORCES POINT OF VIEW AND INFORMATION FROM PANHANDLE BEHAVIORAL HEALTH ALLIANCE (PBHA) FOR MENTAL HEALTH CARE CHALLENGES FOR BORGER, HUTCHINSON AND SURROUNDING COUNTIES. - TO...

- TO CONSIDER THE TASK FORCES POINT OF VIEW AND INFORMATION FROM PANHANDLE BEHAVIORAL HEALTH ALLIANCE (PBHA) FOR MENTAL HEALTH CARE CHALLENGES FOR BORGER, HUTCHINSON AND SURROUNDING COUNTIES. - TO COMMUNICATE A SIMPLIFIED ANALYSIS RELATING TO RURAL PATIENT'S DEMOGRAPHICS AND LOGISTIC ISSUES. - TO PROPOSE A RECOMMENDATION FOR MENTAL HEALTH CARE IN HUTCHINSON COUNTY. - TO GIVE THOSE INTERESTED A HIGH LEVEL AND FIRST PASS LOOK OF WHAT RURAL CARE MAY LOOK LIKE AND ESTIMATED COST TO ACHIEVE THAT GOAL. - TO BEGIN, PROMOTE A POSITIVE AND COLLABORATIVE CULTURE FOR THIS PROCESS FOR ALL INVOLVED. - CREATE A CONCEPT PLAN TO BE APPROPRIATLEY REVISED THROUGH THE PHASES OF THE PROJECT FOR AN AGREED TO SUCCESSFUL OUTCOME.

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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 (2024)

Revenue Breakdown

Contributions & Grants $846,000

Program Service Revenue $0

Investment Income $12,581

Other Revenue $0

TOTAL REVENUE $858,581

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,744

Fundraising Expenses $16,698

Program Expenses $8,371

Other Expenses $32,983

TOTAL EXPENSES $74,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$858,581	N/A	N/A
Expenses	$74,727	N/A	N/A
Net Income	$783,854	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

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

$41,744

Total Directors