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

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Financial Vulnerability Assessment (Tuckman-Chang)

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

2024-07-01 to 2025-06-30

HALFWAY HOUSE INC, founded in 1972, is a small nonprofit in the Crime & Legal sector that reported $950K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 13% operating deficit.

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 Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $910,896

Investment Income $39,051

Other Revenue $0

TOTAL REVENUE $949,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $715,612

Fundraising Expenses $0

Program Expenses $963,952

Other Expenses $358,334

TOTAL EXPENSES $1,073,946

Year-over-Year Comparison

	2024	2023	Change
Revenue	$949,947	$1,083,071	-0.1%
Expenses	$1,073,946	$1,000,545	+0.1%
Net Income	$-123,999	$82,526	-2.5%

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

$73,346

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Nickerson	Executive Dir.	40.00	Officer	$73,346	$0	$73,346
Mae Worcester	Vice President	1.00	Officer Director	$0	$0	$0
Bruce Sawyer	Treasurer	1.00	Officer Director	$0	$0	$0
Brittany Michaud	Secretary	1.00	Officer Director	$0	$0	$0
Steve Catalano	Director	1.00	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
2025	$949,947	$1,073,946	$1,435,270	$-123,999
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