Berkeley Therapy Institute (EIN 942191240) - 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

1972

Legal Domicile

Principal Officer

JOSEPH CHERNICK

Phone

5108418484

Tax Period

2024-07-01 to 2025-06-30

Berkeley Therapy Institute, founded in 1972, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2024.

Mission

The Organization strives to provide excellent service to its patients and to the community. The Organization comes together as a group with the conviction that, through the provided services, individuals can heal, grow and flourish. The Organization is committed to treating all individuals equally, respectfully and with dignity, without regard to race, ethnicity, sexual orientation, class, nation of origin, gender, age, and hierarchical position. The Organizations community values flexibility, equanimity, and a willingness to place the good of the group above individual interests. Members of the Organization act with generosity, compassion, and kindness. These values apply within the Organization, with the patients, and with the community.

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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 $0

Program Service Revenue $5,929,261

Investment Income $9,291

Other Revenue $14,333

TOTAL REVENUE $5,952,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,116,871

Fundraising Expenses $0

Program Expenses $4,447,411

Other Expenses $851,933

TOTAL EXPENSES $5,968,804

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,952,885	$5,973,472	0.0%
Expenses	$5,968,804	$5,894,786	+0.0%
Net Income	$-15,919	$78,686	-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

Volunteers

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

$892,919

Total Directors

$1,153,151

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Chernick	Executive Dir.	40.00	Officer Director	$230,969	$47,349	$278,318
Chehrzad Shadman	Training Dir.	40.00	Officer Director	$232,995	$11,581	$244,576
Cris Bissonnette	Clinical Staff	40.00		$239,172	$5,247	$244,419
Charlene C Hanson	Clinical Staff	40.00		$206,978	$2,885	$209,863
Rima Dolgoff-Kaspar	Clinical Staff	40.00		$184,108	$4,455	$188,563
Richard Levine	Medical Dir.	40.00	Officer Director	$179,499	$6,119	$185,618
Eric Pierson	Dir. of Finance	40.00	Officer Director	$179,485	$4,922	$184,407
Hillary Goldstine	Sr. Staff Psychologist	40.00		$169,382	$6,122	$175,504
Thomas Jones	Staff Psychiatrist	40.00		$165,606	$933	$166,539
Robert Rolgoff	Clinical Staff	40.00		$155,544	$8,346	$163,890
Robert Rolgoff	Clinical Staff	40.00	Director	$155,544	$7,151	$162,695
Hannan G Bosley	Clinical Staff	40.00		$140,143	$10,800	$150,943
Jeremy J Gordon	Clinical Staff	40.00		$132,961	$7,125	$140,086
Angela Kim	Clinical Staff	40.00		$118,787	$21,274	$140,061
Connor J Tindall	Post-Doc Inter	40.00		$129,889	$564	$130,453
Abel Bumgarner	Clinical Staff	40.00		$108,695	$9,422	$118,117
Daniel Goldstine	Clinical Staff	40.00	Director	$90,237	$7,300	$97,537
Alan Steinbach	President	1.00	Officer Director	$0	$0	$0
Joan Sullivan	Board member	1.00	Director	$0	$0	$0
Edith Barschi	Board member	1.00	Director	$0	$0	$0
Dave Chenok	Board member	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
2025	$5,952,885	$5,968,804	$2,440,952	$-15,919
2024	$5,973,472	$5,894,786	$2,632,649	$78,686
2023	$5,560,940	$5,373,153	$1,062,494	$187,787
2023	$5,560,809	$5,363,065	$1,868,893	$197,744
2022	$6,028,937	$5,842,855	$749,408	$186,082
2022	$5,791,580	$5,635,284	$826,628	$156,296
2021	$6,518,326	$6,067,801	$1,276,810	$450,525
2020	$4,998,699	$5,027,796	$1,173,066	$-29,097
2019	$4,504,411	$4,687,025	$949,248	$-182,614
2018	$3,938,515	$4,441,498	$623,508	$-502,983

Berkeley Therapy Institute