WAY FINDERS INC (EIN 042518368) - 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

DEREK J MORRIS

Phone

4132331500

Tax Period

2022-07-01 to 2023-06-30

WAY FINDERS INC, founded in 1972, is a major nonprofit in the Housing & Shelter sector that reported $113.1M in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

WAY FINDERS, INC. IS A NOT-FOR-PROFIT ORGANIZATION ESTABLISHED TO PROVIDE HOUSING ASSISTANCE AND TECHNICAL ASSISTANCE TO LOW-INCOME AND DISABLED INDIVIDUALS IN WESTERN MASSACHUSETTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $109,970,734

Program Service Revenue $2,792,728

Investment Income $361,165

Other Revenue $0

TOTAL REVENUE $113,124,627

Expense Breakdown

Grants Paid $84,202,469

Salaries & Benefits $18,030,809

Fundraising Expenses $424,913

Program Expenses $108,937,785

Other Expenses $10,552,069

TOTAL EXPENSES $112,785,347

Year-over-Year Comparison

	2022	2021	Change
Revenue	$113,124,627	$168,594,430	-0.3%
Expenses	$112,785,347	$168,385,357	-0.3%
Net Income	$339,280	$209,073	+0.6%

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

441

Volunteers

113

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

$1,164,040

Total Directors

$158,623

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE ANN PASQUINI	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW MOOREHOUSE	DIRECTOR	2.00	Director	$0	$0	$0
JIM BRODERICK	DIRECTOR	2.00	Director	$0	$0	$0
JENNA TETREAULT	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SHERBO	DIRECTOR	2.00	Director	$0	$0	$0
RONDEY ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
HARRY MONTALVO	DIRECTOR	2.00	Director	$0	$0	$0
MARTA ALVEREZ	DIRECTOR	2.00	Director	$0	$0	$0
ERICA TRUE	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
LEONARD UNDERWOOD	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
ADLYN COLON	DIRECTOR	2.00	Director	$0	$0	$0
KARON TYLER	DIRECTOR	2.00	Director	$0	$0	$0
ROSEMARY MORIN	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
PASCALE DESIR NON-VOTING	ASST. SECRETARY & CHIEF LE	40.00	Officer Director	$147,745	$10,878	$158,623
LIDYA RIVERA-EARLY	DIRECTOR	2.00	Director	$0	$0	$0
JASMINE MATTA-NAYLOR	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
GEORGE D ROSA	TREASURER	2.00	Officer Director	$0	$0	$0
JIM HICKSON	DIRECTOR	2.00	Director	$0	$0	$0
DENISE COGMAN	DIRECTOR	2.00	Director	$0	$0	$0
DEREK J MORRIS	CHIEF FINANCIAL OFFICER	40.00	Officer	$155,185	$15,674	$170,859
LAUREEN BORGATTI	CHIEF OPERATING OFFICER	40.00	Officer	$159,870	$17,574	$177,444
JANETTE VIGO	CHIEF PROGRAM OFFICER	40.00	Officer	$126,006	$6,098	$132,104
KEITH FAIREY	PRESIDENT AND CEO	40.00	Officer	$222,645	$15,197	$237,842
ANNI ZHU	CHIEF OF STAFF	40.00	Officer	$122,761	$5,538	$128,299
DIANE SMITH	CHIEF REAL ESTATE OFFICER	40.00	Officer	$152,771	$6,098	$158,869
JOHN BIDWELL	CHIEF DEVELOPMENT OFFICER	40.00	Officer	$0	$0	$0
MEGAN TALBERT	FORMER CHIEF DEVELOPMENT OFFICER	40.00		$120,945	$13,832	$134,777

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$113,124,627	$112,785,347	$69,807,818	$339,280
2022	$168,594,430	$168,385,357	$56,219,602	$209,073
2021	$108,391,886	$105,109,255	$64,833,045	$3,282,631
2020	$78,199,932	$77,677,458	$50,310,773	$522,474
2019	$81,397,275	$77,895,462	$47,619,733	$3,501,813
2018	$71,634,248	$70,818,652	$34,093,563	$815,596

WAY FINDERS INC