MICHAEL'S WAY (EIN 431959538) - 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

2002

Legal Domicile

Principal Officer

CHRISTOPHER J MCELWEE

Phone

2155919198

Tax Period

2024-01-01 to 2024-12-31

MICHAEL'S WAY, founded in 2002, is a community nonprofit in the Diseases & Disorders sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 69% operating margin.

Mission

MICHAEL'S WAY PROVIDES FINANCIAL ASSISTANCE FOR FAMILIES OF CHILDREN WITH CANCER IN ORDER TO HELP THESE FAMILIES COPE WITH EXTRAORDINARY EXPENSES.

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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 $514,510

Program Service Revenue $0

Investment Income $1,280,526

Other Revenue $320,272

TOTAL REVENUE $2,115,308

Expense Breakdown

Grants Paid $615,574

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $615,574

Other Expenses $29,632

TOTAL EXPENSES $645,206

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,115,308	$1,012,014	+1.1%
Expenses	$645,206	$563,066	+0.1%
Net Income	$1,470,102	$448,948	+2.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER J MCELWEE	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL MCELWEE	VP/TREASURER	0.50	Officer Director	$0	$0	$0
KATHY MCELWEE	VP/TREASURER	0.50	Officer Director	$0	$0	$0
LAWRENCE J KANAVY	VP/SECRETARY	1.00	Officer Director	$0	$0	$0
MATT DELANEY	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN J DOUGHERTY	BOARD MEMBER	0.50	Director	$0	$0	$0
JOHN SMITH	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT PALMER	BOARD MEMBER	0.50	Director	$0	$0	$0
TUG GALLAGHER	BOARD MEMBER	0.50	Director	$0	$0	$0
LARRY GOLDBERG	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN DAVIES	BOARD MEMBER	0.50	Director	$0	$0	$0
RICK MARTIN	BOARD MEMBER	0.50	Director	$0	$0	$0
ALEC GREENHALGH	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES MURRAY	BOARD MEMBER	0.50	Director	$0	$0	$0
SCOTT CRUTCHFIELD	BOARD MEMBER	0.50	Director	$0	$0	$0
DICK VERMEIL	HONORARY BOARD MEMBER	0.50	Director	$0	$0	$0
BLAKE GREENHALGH	BOARD MEMBER	0.50	Director	$0	$0	$0
TIM KANAVY	BOARD MEMBER	0.50	Director	$0	$0	$0
CAYLA MCELWEE	BOARD MEMBER	0.50	Director	$0	$0	$0
COURTNEY MCELWEE	BOARD MEMBER	0.50	Director	$0	$0	$0
LYNDSEY YOCUM	BOARD MEMBER	0.50	Director	$0	$0	$0
MARK YOCUM	BOARD MEMBER	0.50	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	$2,115,308	$645,206	$12,972,681	$1,470,102
2023	$1,012,014	$563,066	$11,191,211	$448,948
2022	$1,160,923	$577,483	$10,200,253	$583,440
2021	$1,826,081	$482,881	$11,037,483	$1,343,200
2020	$806,542	$492,956	$9,636,907	$313,586
2019	$1,052,640	$575,547	$8,374,462	$477,093
2018	$702,413	$580,433	$7,057,591	$121,980

MICHAEL'S WAY