Passage to Real Life (EIN 260162424) - 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

2007

Legal Domicile

Principal Officer

Douglas McKoy

Phone

7072355704

Tax Period

2022-07-01 to 2023-06-30

Passage to Real Life, founded in 2007, is a small nonprofit in the Human Services sector that reported $250K in total revenue in fiscal year 2022. Expenses of $389K exceeded revenue, resulting in a 56% operating deficit.

Mission

To provide a public service to members of the community who desire to transition from a lifestyle of addiction, recidivism, and homelessness to functioning members of the community. To this end, Passage To Real Life will outreach, aid and facilitate men, women and children in order that they mey become the functioning members of the community they wish to be.

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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 $249,913

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $249,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,547

Fundraising Expenses $0

Program Expenses $276,781

Other Expenses $143,711

TOTAL EXPENSES $389,258

Year-over-Year Comparison

	2022	2021	Change
Revenue	$249,913	$254,867	0.0%
Expenses	$389,258	$67,259	+4.8%
Net Income	$-139,345	$187,608	-1.7%

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

N/A

Employees

N/A

Volunteers

N/A

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

$33,583

Total Directors

$33,583

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Douglas McKoy	President & CEO	8.00	Officer Director	$33,583	$0	$33,583
Veronica King	Director	5.00	Director	$0	$0	$0
Teri Carlyle	Controller	3.00	Director	$0	$0	$0
Secunda Wadley	Director	3.00	Director	$0	$0	$0
Tracey Warren	Director	3.00	Director	$0	$0	$0
Melise Poole	Director	3.00	Director	$0	$0	$0
Carolyn Blackmo	Director	3.00	Director	$0	$0	$0
Geary McKoy	Director	3.00	Director	$0	$0	$0
Anthony Burks	Director	3.00	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
2023	$249,913	$389,258	$77,421	$-139,345

Passage to Real Life