GROWTHWAYS INC

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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

1981

Legal Domicile

Principal Officer

LOUIS JOSEPHSON

Phone

5089416505

Tax Period

2022-07-01 to 2023-06-30

GROWTHWAYS INC, founded in 1981, is a mid-sized nonprofit in the Human Services sector that reported $10.4M in total revenue in fiscal year 2022. Expenses of $8.9M left a modest 14% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE SUPPORT SERVICES FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $7,719,196 Revenue: $10,224,472

RESIDENTIAL SERVICES - SUPPORTS INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN THEIR HOME, HELPING THEM TO REACH THEIR FULL POTENTIAL IN THE AREAS OF SKILL DEVELOPMENT, COMMUNITY MEMBERSHIP...

RESIDENTIAL SERVICES - SUPPORTS INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN THEIR HOME, HELPING THEM TO REACH THEIR FULL POTENTIAL IN THE AREAS OF SKILL DEVELOPMENT, COMMUNITY MEMBERSHIP, RELATIONSHIPS, HEALTH AND SELF-ADVOCACY. THE GOAL IS TO TEACH THESE INDIVIDUALS TO BE AS INDEPENDENT AS POSSIBLE.

Program 2

Expenses: $55,705 Revenue: $138,938

INDIVIDUALIZED SUPPORT - PROVIDES A VARIETY OF SERVICES FOR DEVELOPMENTALLY DISABLED INDIVIDUALS MOST OF WHOM ARE LIVING INDEPENDENTLY WITH MODERATE ASSISTANCE. SERVICES INCLUDE MEDICAL AND FINANCIAL CASE MANAGEMENT, COMMUNITY INCLUSION, STRENGTHENING THE FAMILY TIES AND USE OF COMMUNITY SERVICES.

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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 $1,500

Program Service Revenue $10,363,410

Investment Income $47,981

Other Revenue $0

TOTAL REVENUE $10,412,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,245,793

Fundraising Expenses $0

Program Expenses $7,774,901

Other Expenses $1,702,083

TOTAL EXPENSES $8,947,876

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,412,891	$9,999,750	+0.0%
Expenses	$8,947,876	$8,601,101	+0.0%
Net Income	$1,465,015	$1,398,649	+0.0%

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

157

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

$1,068,964

Total Directors

$422,896

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH FISHBEIN	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
AJAY CHADHA	VICE CHAIRPERSON	0.50	Officer Director	$0	$0	$0
GREGORY BUSCONE	TREASURER	0.50	Officer Director	$0	$0	$0
THOMAS J AITES	DIRECTOR	0.50	Director	$0	$0	$0
LISA BLAKE	DIRECTOR	0.50	Director	$0	$0	$0
BRIAN TEAGUE	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER LENTO	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE G GOODMAN ESQ	DIRECTOR	0.50	Director	$0	$0	$0
TANUJA GOPAL	DIRECTOR	0.50	Director	$0	$0	$0
SALLY GRAHAM	DIRECTOR	0.50	Director	$0	$0	$0
ANNE RUSH	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM M MAFFIE III	DIRECTOR	0.50	Director	$0	$0	$0
JEAN MCGUIRE	DIRECTOR	0.50	Director	$0	$0	$0
JAMES MUNGOVAN	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM OAKLEY	DIRECTOR	0.50	Director	$0	$0	$0
PETER A PEASE	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT J THOMAS	DIRECTOR	0.50	Director	$0	$0	$0
SALLY THOMPSON	DIRECTOR	0.50	Director	$0	$0	$0
LOUIS JOSEPHSON	DIRECTOR	1.00	Director	$0	$14,439	$422,896
ANNE LEVINE	DIRECTOR	0.50	Director	$0	$0	$0
SETH DALY STENNIS	DIRECTOR	0.50	Director	$0	$0	$0
NANCY MAHAN	SVP SERVICES	1.00	Officer	$0	$7,357	$215,932
KERRY J OLLEN	ASST TREASURER/SVP/CFO	1.00	Officer	$0	$11,149	$234,425
JAMES LAPRADE	SVP OPERATIONS	1.00	Officer	$0	$11,149	$267,080
ALISON SANCHEZ	CLERK	1.00	Officer	$0	$4,484	$83,694
HEMA MAHASE	ASST CLERK	1.00	Officer	$0	$9,496	$84,597
MARTY BERLINER	PRESIDENT/CEO	40.00	Officer	$169,374	$13,862	$183,236
JANINE DAVIN-SWEENEY	EXEC. DIR/CLINICAL DIR	40.00	Highest	$135,442	$0	$135,442
SOLEDADE GELIN	DIR. OF CARE COORDINATION	40.00	Highest	$101,495	$0	$101,495
ROODYLE GUSTAMA	DIRECT CARE STAFF	40.00	Highest	$138,378	$4,401	$142,779
DEBRA MACLIN	DIR. OF CARE COORDINATION	40.00	Highest	$101,729	$0	$101,729
CANDACE FRABETTI	RESIDENTIAL COORDINATOR	40.00	Highest	$108,816	$8,535	$117,351

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	$10,412,891	$8,947,876	$18,285,529	$1,465,015
2022	$9,999,750	$8,601,101	$15,685,517	$1,398,649
2021	$10,507,454	$8,530,428	$15,381,312	$1,977,026
2020	$9,063,577	$8,549,914	$11,816,717	$513,663
2019	$8,605,207	$7,903,207	$10,048,389	$702,000
2019	$8,605,207	$7,903,207	$10,048,389	$702,000
2018	$8,318,946	$7,781,562	$9,333,930	$537,384