Codac INC

Providence, Rhode Island

B+Health Score
73B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 3 peers in Mental Health & Crisis Intervention with $10M-$100M revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.42×
Peer Median1.36×
💰
$20.7M
Total Revenue
📊
$19.7M
Total Expenses
🏦
$8.3M
Net Assets
📋
$4.3M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+12.8%
Year-over-year change (2022 → 2023)
Net Margin
+4.9%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.42
Net assets divided by total expenses
Liabilities-to-Assets
34.4%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$20,674,432↑13%$19,669,083↑11%$12,606,574↑27%
2022$18,326,322↓11%$17,695,558↓2%$9,958,678↑26%
2021$20,562,671↑21%$17,995,876↑3%$7,883,380↑12%
2020$17,004,240↑13%$17,414,100↑18%$7,049,980↑16%
2019$15,039,699↑11%$14,741,819↑11%$6,070,526↑15%
2018$13,558,378↑22%$13,328,816↑25%$5,283,430↑11%
2017$11,071,884↑18%$10,625,149↑19%$4,754,507↑12%
2016$9,363,717↓3%$8,935,305↑6%$4,229,159↑24%
2015$9,635,543↑23%$8,422,155↑11%$3,415,576↑27%
2014$7,864,934↑30%$7,597,993↑14%$2,693,928↑11%
2013$6,060,639↓1%$6,646,978↑9%$2,419,465↓13%
2012$6,115,459↑2%$6,084,085↑6%$2,791,474↑24%
2011$6,013,484$5,756,476$2,244,777

Frequently Asked Questions

What does Codac INC do?▼

Codac INC is a mental health & crisis intervention nonprofit organization based in Rhode Island. It is classified under NTEE code F22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Codac INC financially healthy?▼

Based on our 9-metric Financial Health Score model, Codac INC has a score of 73/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Codac INC generate?▼

Codac INC reports $21.3M in annual revenue and holds $13.9M in total assets, based on IRS filings.

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