THE WAY (EIN 364899108) - 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

2018

Legal Domicile

Principal Officer

JEFF SPADAFORA

Phone

3035627948

Tax Period

2024-01-01 to 2024-12-31

THE WAY, founded in 2018, is a small nonprofit in the Education sector that reported $562K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $85K, a strong 15% operating margin.

Mission

MOVE MEN FROM FRUSTRATION & FEAR TO CLARITY & COURAGE IN EVERY DIMENSION OF THEIR LIVES.

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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 $366,639

Program Service Revenue $177,228

Investment Income $17,930

Other Revenue $0

TOTAL REVENUE $561,797

Expense Breakdown

Grants Paid $27,715

Salaries & Benefits $257,460

Fundraising Expenses $0

Program Expenses $462,220

Other Expenses $191,866

TOTAL EXPENSES $477,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$561,797	$382,067	+0.5%
Expenses	$477,041	$403,209	+0.2%
Net Income	$84,756	$-21,142	-5.0%

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

$143,004

Total Directors

$242,144

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL KLEINSCHNITZ	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SHARBER	DIRECTOR	1.00	Director	$0	$0	$0
KRIS MERRITT	DIRECTOR	1.00	Director	$0	$0	$0
JON SBOROV	DIRECTOR	1.00	Director	$75,140	$24,000	$99,140
JEFF SPADAFORA	CHAIRMAN	40.00	Officer Director	$96,744	$46,260	$143,004
DOUGLAS LONDAL	DIRECTOR	1.00	Director	$0	$0	$0
JESSE DEYOUNG	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	$561,797	$477,041	$287,138	$84,756
2023	$382,067	$403,209	$225,877	$-21,142
2022	$381,230	$347,092	$224,120	$34,138
2021	$388,007	$363,711	$213,942	$24,296
2020	$412,816	$308,085	$169,506	$104,731
2019	$244,036	$236,658	$72,057	$7,378

THE WAY