MIKEY'S WAY FOUNDATION INC (EIN 203825973) - 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

2005

Legal Domicile

Principal Officer

LESLIE FRIEDMAN

Phone

2038730671

Tax Period

2022-01-01 to 2022-12-31

MIKEY'S WAY FOUNDATION INC, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $285K in total revenue in fiscal year 2022.

Mission

OUR MISSION AT MIKEY'S WAY FOUNDATION IS TO ENRICH THE LIVES OF CHILDREN SUFFERING FROM CANCER AND OTHER LIFE-THREATENING ILLNESSES. THE FOUNDATION STRIVES TO CREATE CONNECTION AND DIVERSION TO HELP CHILDREN FACE THE EMOTIONAL AND PHYSICAL HARDSHIPS OF LONG-TERM, DEBILITATING TREATMENT.

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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 $284,777

Program Service Revenue $0

Investment Income $434

Other Revenue $0

TOTAL REVENUE $285,211

Expense Breakdown

Grants Paid $102,369

Salaries & Benefits $149,286

Fundraising Expenses $14,591

Program Expenses $255,086

Other Expenses $61,838

TOTAL EXPENSES $313,493

Year-over-Year Comparison

	2022	2021	Change
Revenue	$285,211	$285,335	0.0%
Expenses	$313,493	$330,707	-0.1%
Net Income	$-28,282	$-45,372	-0.4%

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

$75,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN FRIEDMAN	BOARD MEMBER/SECRETARY	2.00	Officer Director	$0	$0	$0
DAN REININGA	BOARD MEMBER	2.00	Director	$0	$0	$0
JILLIAN DECK	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL CALLAHAN	BOARD MEMBER/TREASURER	2.00	Officer Director	$0	$0	$0
PETER FRIEDMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
RYAN KAGELS	BOARD MEMBER/CFO	2.00	Officer Director	$0	$0	$0
KEVIN SANDRIDGE	BOARD MEMBER	2.00	Director	$0	$0	$0
LESLIE FRIEDMAN	CEO/PRESIDENT	40.00	Officer	$75,000	$0	$75,000

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
2022	$285,211	$313,493	$343,754	$-28,282
2021	$285,335	$330,707	$372,036	$-45,372
2020	$313,426	$340,319	$417,408	$-26,893
2019	$498,708	$467,014	$444,301	$31,694
2018	$447,198	$455,732	$412,607	$-8,534

MIKEY'S WAY FOUNDATION INC