PAY AWAY THE LAYAWAY INC (EIN 464332061) - 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

2013

Legal Domicile

Principal Officer

LEE KARCHAWER

Phone

8456492107

Tax Period

2024-10-01 to 2025-09-30

PAY AWAY THE LAYAWAY INC, founded in 2013, is a small nonprofit in the Human Services sector that reported $234K in total revenue in fiscal year 2024. Expenses of $347K exceeded revenue, resulting in a 49% operating deficit.

Mission

TO SPREAD JOY AND KINDNESS BY PAYING OFF LAY AWAY BALANCES OF INDIVIDUALS IN NEED.

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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 $220,084

Program Service Revenue $0

Investment Income $13,772

Other Revenue $0

TOTAL REVENUE $233,856

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $0

Fundraising Expenses $21,550

Program Expenses $216,046

Other Expenses $336,380

TOTAL EXPENSES $347,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$233,856	$225,531	+0.0%
Expenses	$347,380	$314,241	+0.1%
Net Income	$-113,524	$-88,710	+0.3%

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

100

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
LEE KARCHAWER	PRESIDENT / TREASURER	5.00	Officer Director	$0	$0	$0
SAVANNAH FOSTER	SECRETARY	1.00	Officer Director	$0	$0	$0
NGUM SUH	DIRECTOR	1.00	Director	$0	$0	$0
BRAD TOBIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MORGAN ZALKIN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KARCHAWER	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE RYAN	DIRECTOR	1.00	Director	$0	$0	$0
IAN BELL	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC SCHWARTZ	VICE PRESIDENT	1.00	Officer 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	$233,856	$347,380	$441,355	$-113,524
2024	$225,531	$314,241	$554,879	$-88,710
2023	$293,241	$535,555	$643,589	$-242,314
2021	$449,447	$484,201	$82,538	$-34,754
2020	$153,675	$183,598	$113,623	$-29,923
2019	$432,272	$330,895	$143,546	$101,377

PAY AWAY THE LAYAWAY INC