LEEWAY 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

1990

Legal Domicile

Principal Officer

JAY KATZ

Phone

2038650068

Tax Period

2023-10-01 to 2024-09-30

LEEWAY INC, founded in 1990, is a community nonprofit in the Diseases & Disorders sector that reported $9.4M in total revenue in fiscal year 2023.

Mission

LEEWAY IS DEDICATED TO MAXIMIZING THE QUALITY OF LIFE FOR PEOPLE LIVING WITH HIV/AIDS AND CO-OCCURRING CONDITIONS IN THE GREATER NEW HAVEN COMMUNITY AND BEYOND. THIS IS ACHIEVED THROUGH INNOVATIVE INPATIENT AND OUTPATIENT HEALTHCARE AND HOUSING INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $7,731,050 Revenue: $8,340,818

LEEWAY PROVIDES SKILLED NURSING AND RESIDENTIAL CARE HOUSING SERVICES TO RESIDENTS AND PATIENTS AFFLICTED BY THE HIV/AIDS CONDITION AND ALL OF ITS CO-MORBITIES.

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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 $998,214

Program Service Revenue $8,322,536

Investment Income $62,894

Other Revenue $18,282

TOTAL REVENUE $9,401,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,542,517

Fundraising Expenses $2,214

Program Expenses $7,731,050

Other Expenses $4,680,399

TOTAL EXPENSES $9,222,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,401,926	$8,733,468	+0.1%
Expenses	$9,222,916	$8,634,639	+0.1%
Net Income	$179,010	$98,829	+0.8%

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

102

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

$361,686

Total Directors

$15,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY KATZ	EXECUTIVE DIRECTOR	40.00	Officer	$146,498	$56,722	$203,220
TARA MCCARTEN	DIRECTOR OF NURSING	40.00	Highest	$127,676	$38,066	$165,742
LENNOX VICTORY	CHIEF OPERATIONS OFFICER	40.00	Officer	$122,354	$20,512	$142,866
MOMOTA GONSALVES-RAMCHARAN	REGISTERED NURSE	36.00	Highest	$116,068	$19,577	$135,645
VALYPHONE MAURICE	DIRECTOR OF REHAB	40.00	Highest	$121,721	$4,065	$125,786
MARIA SMITH	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$103,962	$6,112	$110,074
LORRIE WESOLY	DIRECTOR OF COMMUNITY RELATIONS	40.00	Highest	$100,707	$6,560	$107,267
WILLIAM DYSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MICHAEL DUNN ESQ	CHAIRPERSON (AS OF 09/24)	1.00	Officer Director	$0	$0	$0
PATRICIA COMER	VICE-CHAIRPERSON (UNTIL 4/24)	1.00	Officer Director	$0	$0	$0
ROBERT MORGAN CPA	DIRECTOR/CONSULTANT	7.00	Officer Director	$15,600	$0	$15,600
ELAINE ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL BARBOUR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BOOSS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BUSK	DIRECTOR	1.00	Director	$0	$0	$0
TRACE KERSHAW	DIRECTOR	1.00	Director	$0	$0	$0
STUART SIDLE	DIRECTOR	1.00	Director	$0	$0	$0
FREDERICK STREETS	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN SYLVESTER ESQ	DIRECTOR (UNTIL 7/24)	1.00	Director	$0	$0	$0
ELLEN MADERE	DIRECTOR	1.00	Director	$0	$0	$0
DARA GIBBS	DIRECTOR	1.00	Director	$0	$0	$0
MARY FRANCES GIANNOTTI	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
2024	$9,401,926	$9,222,916	$8,697,862	$179,010
2023	$8,733,468	$8,634,639	$9,132,438	$98,829
2022	$8,320,156	$8,136,775	$9,429,468	$183,381
2021	$8,497,592	$8,017,669	$9,794,626	$479,923
2020	$7,738,939	$7,417,703	$10,156,226	$321,236
2019	$7,540,163	$7,324,376	$9,507,025	$215,787
2018	$8,260,592	$8,036,494	$10,102,698	$224,098