The Healing Place Inc
Nonprofit profile at a glance
- EIN
- 611164775
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Louisville, KY, USA
- Phone
- 5025854848
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $12,405,357
- Expenses
- $13,334,220
- Assets
- $36,893,302
- Liabilities
- $6,065,572
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
29 people listed
Executive titles in this filing
- JOHN-MARK HACK (PRESIDENT/CEO)
Highest reported compensation
- JAY DAVIDSON (EXECUTIVE CHAIRMAN): $137,871 total reported compensation
- JOHN-MARK HACK (PRESIDENT/CEO): $125,397 total reported compensation
- CARRIE RAND (NURSE PRACTITIONER): $125,024 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the organization is charitable and educational, devoted to the operation of facilities and programs for men and women who are homeless and/or addicted to drugs and alcohol. Services provide education on addiction and tools for recovery while transitioning those individuals back into a self-supported social environment.
What it reported doing in 2024
The agency operates a comprehensive residential program for alcoholic/addicted men and women, including (1) nonmedical detoxification centers, (2) overnight shelters, (3) a residential recovery program, and (4) transitional housing.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
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: 83
- Transparency & Controls: 100
- Accountability: 91
- Sustainability: 43
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.1%; rating input score 91
- Program expense ratio: 84.6%; rating input score 85
- Fundraising efficiency: $9.07 raised per $1 spent on fundraising; rating input score 35; 35th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -7.5%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 2.77; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 63; 63rd percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 9.1% per year; rating input score 100; 67th percentile among comparable filings
- Revenue growth: 5.6% per year; rating input score 100; 49th percentile among comparable filings
- Asset growth: 8.1% per year; rating input score 100; 55th percentile among comparable filings
Details
- Where the money goes: 91.1% of revenue deployed · 84.6% of spending went to programs
- Governance: 26 of 26 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $11.3M in reported program spending
- Leadership: top reported pay $138K · 29 people listed
- Highest-paid contractors: 2 contractors listed · $449K reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 7 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 35/100.
- High — Sustainability: Operating margin scored 13/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.