COVER MY MENTAL HEALTH NFP

EIN: 990538957 501(c)(3) Mental Health

WILMETTE, IL

Total Revenue
$97,606
Total Expenses
$76,004
Total Assets
$37,725
Net Assets
$37,725
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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
2024
Legal Domicile
IL
Principal Officer
JOSEPH FELDMAN
Phone
3129612099
Tax Period
2025-01-01 to 2025-12-31

COVER MY MENTAL HEALTH NFP, founded in 2024, is a micro nonprofit in the Mental Health sector that reported $98K in total revenue in fiscal year 2025. The organization ran a surplus of $22K, a strong 22% operating margin.

Mission

COVER MY MENTAL HEALTH SUPPORTS INDIVIDUALS TO OVERCOME INSURER OBSTACLES TO CARE, NOTABLY DENIALS FOR NOT MEDICALLY NECESSARY, NO IN-NETWORK PROVIDER AVAILABLE, AND OTHER INEXPLICABLE BARRIERS TO CARE. OUR NO-COST RESOURCES FOCUS ON IMMEDIATELY-AVAILABLE ACTIONS AND RELATED TIPS THAT ENCOURAGE PATIENTS AND THEIR FAMILIES NOT TO TAKE NO FOR AN ANSWER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $97,606
Investment Income $0
Other Revenue $0
TOTAL REVENUE $97,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $76,004
TOTAL EXPENSES $76,004

Year-over-Year Comparison

2025 2024 Change
Revenue $97,606 N/A N/A
Expenses $76,004 N/A N/A
Net Income $21,602 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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK DEBOFSKY VICE PRESIDE 3.00
Officer Director
$0 $0 $0
JOSEPH FELDMAN PRESIDENT 10.00
Officer Director
$0 $0 $0
MARK MROZ SEC/TREAS 3.00
Officer 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 $97,606 $76,004 $37,725 $21,602
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