PASSAGEWAYS MEDICAL THERAPY INC

EIN: 473095097 501(c)(3)

LOUISVILLE, KY

Total Revenue
$122,797
Total Expenses
$116,467
Total Assets
$11,008
Net Assets
$8,012
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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
2014
Principal Officer
BRUCE COHEN
Phone
5026438605
Tax Period
2019-01-01 to 2019-12-31

PASSAGEWAYS MEDICAL THERAPY INC, founded in 2014, is a small nonprofit that reported $123K in total revenue in fiscal year 2019. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $116K left a modest 5% surplus.

Mission

PROVIDE REHAB SUPPORT FOR INDIVIDUALS WITH DRUG AND ALCOHOL DEPENDENCY ISSUES.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $122,797
Investment Income $0
Other Revenue $0
TOTAL REVENUE $122,797

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,805
Fundraising Expenses $0
Program Expenses $98,253
Other Expenses $40,662
TOTAL EXPENSES $116,467

Year-over-Year Comparison

2019 2018 Change
Revenue $122,797 $214,732 -0.4%
Expenses $116,467 $217,840 -0.5%
Net Income $6,330 $-3,108 -3.0%
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

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Governance

Voting Members
2
Independent Members
1
Employees
1
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE COHEN DIRECTOR N/A
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
2019 $122,797 $116,467 $11,008 $6,330
2018 $214,732 $217,840 $1,957 $-3,108
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