CeliaWay Foundation (EIN 262140192) - 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

2008

Legal Domicile

Principal Officer

Phillip Hammons

Phone

2092423131

Tax Period

2024-01-01 to 2024-12-31

CeliaWay Foundation, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $751K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $935K exceeded revenue, resulting in a 24% operating deficit.

Mission

The specific purpose of the Corporation is to provide transitional housing and boarding services to individual returning to the community after their stay in rehabilitation programs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $751,159

Investment Income $0

Other Revenue $0

TOTAL REVENUE $751,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $211,939

Fundraising Expenses $0

Other Expenses $723,014

TOTAL EXPENSES $934,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$751,159	$1,220,363	-0.4%
Expenses	$934,953	$1,151,977	-0.2%
Net Income	$-183,794	$68,386	-3.7%

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

Total Directors

$112,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Phillip Hammons	President	0.00	Director	$112,200	$0	$112,200

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	$751,159	$934,953	$130,416	$-183,794
2023	$1,220,363	$1,151,977	$247,541	$68,386
2022	$784,713	$756,432	$58,811	$28,281
2021	$625,715	$664,724	$225,115	$-39,009
2020	$701,596	$555,146	$124,055	$146,450

CeliaWay Foundation