HALFWAY HOUSE INC (EIN 010315847) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

Jason Nickerson

Phone

2077746021

Tax Period

2022-07-01 to 2023-06-30

HALFWAY HOUSE INC is a 501(c)(3) with EIN 010315847, based in PORTLAND, ME. Founded in 1972, the organization files IRS Form 990 and reported its most recent data for fiscal year 2022. In that period, it reported $1,131,092 in total revenue and $1,060,566 in total expenses, with net assets of $1,362,105.

Mission

To provide a safe and secure reintegration facility which effectively fosters our residents in their development towards becoming productive citizens who are returning to safer communities.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,103,253

Investment Income $27,839

Other Revenue $0

TOTAL REVENUE $1,131,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,947

Fundraising Expenses $0

Program Expenses $933,706

Other Expenses $390,619

TOTAL EXPENSES $1,060,566

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,131,092	$1,125,819	+0.0%
Expenses	$1,060,566	$970,635	+0.1%
Net Income	$70,526	$155,184	-0.5%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$73,278

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Emily Testwuide	Executive Dir.	40.00	Officer	$45,174	$0	$45,174
James Vincent	Executive Dir.	40.00	Officer	$26,730	$1,374	$28,104
Mae Worcester	Vice President	4.00	Officer Director	$0	$0	$0
Bruce Sawyer	Treasurer	4.00	Officer Director	$0	$0	$0
Brittany Michaud	Secretary	4.00	Officer Director	$0	$0	$0
Steve Catalano	Director	4.00	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
2024	No data	No data	No data	No data
2023	$1,131,092	$1,060,566	$1,410,978	$70,526
2022	$1,125,819	$970,635	$1,338,744	$155,184
2021	$1,227,000	$926,931	$1,222,549	$300,069
2021	$1,363,411	$925,167	$1,265,273	$438,244
2020	$909,025	$864,355	$905,352	$44,670
2019	$693,021	$780,290	$749,754	$-87,269
2018	$773,080	$889,060	$839,982	$-115,980

HALFWAY HOUSE INC