Gosnold Inc

Nonprofit profile at a glance

EIN
042502970
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2021
Location
Falmouth, MA, USA
Phone
5085406550
Rating
80
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$30,753,063
Expenses
$30,352,868
Assets
$18,404,670
Liabilities
$11,049,780

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • RICHARD CURCURU (PRESIDENT AND CEO)

Highest reported compensation

  • RICHARD CURCURU (PRESIDENT AND CEO): $570,922 total reported compensation
  • ANDREW MANN MD (CHIEF MEDICAL OFFICER): $356,730 total reported compensation
  • ALBERTA ANDERSON (CHIEF CLINICAL OFFICER): $299,864 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Gosnold, inc. Was established for the rehabilitation of substance abusers and offers addiction and mental health treatment on an in-patient and out-patient basis.

What it reported doing in 2024

Gosnold outpatient program - expense excludes administrative overhead. Gosnold offers outpatient treatment at four locations on cape cod, one location on nantucket, and two off-cape locations in stoughton and n. Dartmouth. Gosnold's outpatient locations provide treatment for mental health, substance use, and co-occurring disorders, through individual, family, and group counseling, psychopharmacological service, medication assisted treatment, partial hospitalization, and driver alcohol education. The gosnold staff includes qualified psychiatrists, advanced nurse practitioners, psychologists, mental health counselors, psychiatric nurses, and intervention specialists. Certified and licensed counselors work with patients on the disease concept of addiction, recovery management skills, the twelve steps, relapse prevention, family counseling and relationship issues. The intervention specialists conduct structured interventions to help family members communicate their concerns about a loved ones' addiction in order to motivate them to accept treatment. Group counseling treatment is recognized as one of the best ways to treat addiction. Gosnold offers a number of group educational and therapy sessions to help people at various stages of recovery. Day and evening treatment programs are designed for persons in need of intensive and structured treatment, but who may not currently require a residential or inpatient program. Thesetreatment programs address important recovery concepts including recovery management and relapse prevention, twelve step work, improving understanding of the disease concept of addiction, identifying and reducing emotional and behavioral obstacles to recovery, and improving communications skills. Gosnold's partial hospitalization program provides an excellent diversion option to inpatient treatment for co-occurring mental health and substance use disorders. Gosnold's treatment team provides adult and child psychiatry, medication management, assessment, and treatment of emotional and psychological illnesses and disorders. Specialists are available to diagnose and treat a full range of mental illness and emotional disorders, including co-dependency, bipolar illness, adjustment disorders, grief and loss, dual diagnoses, abuse, depression, post-traumatic stress disorders, and obsessive-compulsive disorder.

Operating model

Revenue model
Other-operating. 84% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 84
  • Accountability: 94
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.9%; rating input score 82
  • Program expense ratio: 83%; rating input score 83
  • Fundraising efficiency: $1.69 raised per $1 spent on fundraising; rating input score 5; 5th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 1.3%; rating input score 39; 39th percentile among comparable filings
  • Total-asset coverage ratio: 0.61; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0.6; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 8.7%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
  • Revenue growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
  • Asset growth: 6.5% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 81.9% of revenue deployed · 83% of spending went to programs
  • Governance: 9 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $25.2M in reported program spending
  • Leadership: top reported pay $571K · 19 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $1.4M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Fundraising efficiency scored 5/100.
  • Moderate — Sustainability: Operating margin scored 39/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.
  • High — Sustainability: Officer compensation ratio scored 26/100.