Straightway Services (EIN 263494129) - 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

2019

Legal Domicile

Phone

9714157830

Tax Period

2024-01-01 to 2024-12-31

Straightway Services, founded in 2019, is a small nonprofit in the Human Services sector that reported $581K in total revenue in fiscal year 2024. Revenue surged 113% from the prior year, signaling strong growth momentum. Expenses of $503K left a modest 13% surplus.

Mission

OFFERING COGNITIVE SKILLS TRAINING, EMERGENCY FOOD ASSISTANCE, SUMMER YOUTH PROGRAMS, EMPLOYMENT RESOURCES, ADDICTION SERVICES, MENTORSHIP, SPIRITUAL GUIDANCE,& STABLE HOUSING SUPPORT TO INDIVIDUALS AND FAMILIES

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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 $581,380

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $581,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,239

Fundraising Expenses $0

Other Expenses $398,038

TOTAL EXPENSES $503,277

Year-over-Year Comparison

	2024	2023	Change
Revenue	$581,380	$272,604	+1.1%
Expenses	$503,277	$284,194	+0.8%
Net Income	$78,103	$-11,590	-7.7%

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

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

$97,742

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWIGHT MINNIEWEATHER	PRESIDENT	1.00	Officer	$49,220	$0	$49,220
LATOYA WEST	SECRETARY	1.00	Officer	$48,522	$0	$48,522
MICHAEL MARTIN	TREASURER	1.00	Officer	$0	$0	$0
CHARLES LOTT	PRESIDENT	1.00	Officer	$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	$581,380	$503,277	$121,621	$78,103
2023	$272,604	$284,194	$27,560	$-11,590
2022	$315,576	$307,915	$54,089	$7,661
2021	$539,705	$550,316	$51,669	$-10,611
2020	$353,560	$299,378	$54,282	$54,182

Straightway Services