MICHAEL'S WAY

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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

2025-01-01 to 2025-12-31

MICHAEL'S WAY, founded in 2002, is a community nonprofit in the Diseases & Disorders sector that reported $1.5M in total revenue in fiscal year 2025. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $651K, a strong 42% operating margin.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $275,395

THE CHILDREN'S HOSPITAL OF PHILADELPHIA

Program 2

Expenses: $200,000

COLLEGE SCHOLARSHIP PROGRAM

Program 3

Expenses: $80,800

PHILADELPHIA RONALD MCDONALD HOUSE

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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 (2025)

Revenue Breakdown

Contributions & Grants $548,019

Program Service Revenue $0

Investment Income $677,501

Other Revenue $316,147

TOTAL REVENUE $1,541,667

Expense Breakdown

Grants Paid $843,728

Salaries & Benefits $0

Fundraising Expenses $13,429

Program Expenses $843,728

Other Expenses $47,111

TOTAL EXPENSES $890,839

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,541,667	$2,115,308	-0.3%
Expenses	$890,839	$645,206	+0.4%
Net Income	$650,828	$1,470,102	-0.6%

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
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
SCOTT CRUTCHFIELD	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
PAUL CONNOLLY	BOARD MEMBER	0.50	Director	$0	$0	$0
MATTHEW DELANEY	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
2025	$1,541,667	$890,839	$14,431,035	$650,828
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