THE WAY HOME INC (EIN 134264074) - 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

2006

Legal Domicile

Principal Officer

CARYN CLEVELAND-SHORT

Phone

3028569870

Tax Period

2023-01-01 to 2023-12-31

THE WAY HOME INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $501K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $475K left a modest 5% surplus.

Mission

OUR MISSION IS TO FREE INDIVIDUALS FROM A CYCLE OF CRIME AND DESPAIR BY PROVIDING HOLISTIC SUPPORT AFTER PRISON THAT GENERATES HOPE, SELF SUFFICIENCY AND CONNECTION TO THE COMMUNITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $483,562

Program Service Revenue $17,860

Investment Income $0

Other Revenue $0

TOTAL REVENUE $501,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $252,279

Fundraising Expenses $0

Program Expenses $389,522

Other Expenses $222,810

TOTAL EXPENSES $475,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$501,422	$637,198	-0.2%
Expenses	$475,089	$391,857	+0.2%
Net Income	$26,333	$245,341	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER BUSH	SECRETARY	2.00	Officer Director	$0	$0	$0
CARYN CLEVELAND-SHORT	CHAIR	2.00	Officer Director	$0	$0	$0
CONSTANCE JONES	TREASURER	2.00	Officer Director	$0	$0	$0
FRANCES LARKIN KARNS	DIRECTOR	2.00	Director	$0	$0	$0
MICHELE WARCH	DIRECTOR	2.00	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	$501,422	$475,089	$725,446	$26,333
2022	$637,198	$391,857	$422,884	$245,341
2021	$388,836	$309,967	$196,885	$78,869
2020	$277,879	$298,193	$127,144	$-20,314
2019	$292,670	$345,095	$104,244	$-52,425
2018	$303,049	$356,964	$157,609	$-53,915

THE WAY HOME INC