Mental Health Cooperative Inc
- Assets
- $114.6m
- Revenue
- $72.9m
- Investments
- $0.0
- Employees
- 1,037
- Location
- Nashville, TN
- Founding
- 01/1993
- Data as of
- 06/2021
- EIN
- 58-2018687
Organization Overview
Mental Health Cooperative Inc is located in Nashville, TN. The organization was established in 1993. According to its NTEE Classification (F32) the organization is classified as: Community Mental Health Centers, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Mental Health Cooperative Inc employed 1,037 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mental Health Cooperative Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Mental Health Cooperative Inc generated $72.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $61.2m during the year ending 06/2021. While expenses have increased by 6.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE EMPOWER INDIVIDUALS AND FAMILIES TO LIVE HEALTHIER LIVES. THROUGH ENGAGEMENT IN OUR COLLABORATIVE APPROACH TO BEHAVIORAL HEALTH, PHYSICAL, AND SUBSTANCE USE SERVICES, INDIVIDUALS EXPERIENCE HOPE AND LIVE A FULFILLING LIFE AFTER DIAGNOSIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTAL HEALTH COOPERATIVE, INC. (MHC) PROVIDES INDIVIDUALS, LIVING AT OR BELOW THE POVERTY LEVEL, WITH ACCESS TO MENTAL HEALTH SERVICES THROUGH COMMUNITY-BASED CARE MANAGEMENT AND OUTREACH SERVICES, MOBILE CRISIS RESPONSE/EMERGENCY PSYCHIATRIC SERVICES, PSYCHOTHERAPY, PSYCHIATRIC CLINIC, PRIMARY CARE AND CLINICAL EVALUATION. MHC DELIVERS THESE SERVICES THROUGH AN INTEGRATED CARE APPROACH THAT FOCUSES ON BOTH THE BEHAVIORAL HEALTH NEEDS AND THE PHYSICAL HEALTH NEEDS OF THE INDIVIDUAL. MHC SERVES ADULTS WITH SEVERE MENTAL ILLNESS AND CHILDREN WITH SERIOUS EMOTIONAL CHALLENGES WITH LOCATIONS ACROSS MIDDLE AND EAST TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Mullins Chairman | OfficerTrustee | 1 | $0 |
Lisa Webb Secretary | OfficerTrustee | 1 | $0 |
Berry Holt Board Member | Trustee | 1 | $0 |
Myles Macdonald Board Member | Trustee | 1 | $0 |
Mickey Mckay Board Member | Trustee | 1 | $0 |
Jason Ross Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iris Telehealth Llc Telehealth | 6/29/23 | $216,018 |
Ankura Consulting Consulting | 6/29/23 | $408,642 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,081,333 |
| Investment income | $779,609 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $439,301 |
| Net Gain/Loss on Asset Sales | $1,215,254 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $625,458 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,877,415 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,009,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,494,298 |
| Pension plan accruals and contributions | $1,712,319 |
| Other employee benefits | $4,557,355 |
| Payroll taxes | $2,757,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $142,770 |
| Fees for services: Accounting | $56,800 |
| Fees for services: Lobbying | $5,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $104,563 |
| Fees for services: Other | $1,748,448 |
| Advertising and promotion | $149,577 |
| Office expenses | $1,633,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,215,896 |
| Travel | $29,131 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $135,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,881,279 |
| Insurance | $798,255 |
| All other expenses | $0 |
| Total functional expenses | $61,185,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,571,486 |
| Savings and temporary cash investments | $12,566,319 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,759,493 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $538,916 |
| Prepaid expenses and deferred charges | $1,075,393 |
| Investments—publicly traded securities | $46,451,492 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $150,221 |
| Other assets | $1,595,076 |
| Total assets | $114,579,878 |
| Accounts payable and accrued expenses | $2,421,374 |
| Grants payable | $0 |
| Deferred revenue | $7,230,530 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $8,949,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,089,030 |
| Total liabilities | $25,690,157 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $88,889,721 |