PASSAGEWAYS INSTITUTE INC dba PASSAGEWORKS INSTITUTE (EIN 481278766) - 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

2001

Legal Domicile

Principal Officer

Mark D Wilding

Phone

3032470156

Tax Period

2021-01-01 to 2021-12-31

PASSAGEWAYS INSTITUTE INC dba PASSAGEWORKS INSTITUTE, founded in 2001, is a small nonprofit that reported $235K in total revenue in fiscal year 2021. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

PassageWorks Institute provides K-12 educators and families with innovative practices and principles that integrate social, emotional, and academic learning, promote mindfulness, and create safe, meaningful, and inclusive classrooms.

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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 (2021)

Revenue Breakdown

Contributions & Grants $101,330

Program Service Revenue $132,487

Investment Income $68

Other Revenue $1,504

TOTAL REVENUE $235,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,780

Fundraising Expenses $4,430

Program Expenses $181,009

Other Expenses $150,922

TOTAL EXPENSES $247,702

Year-over-Year Comparison

	2021	2020	Change
Revenue	$235,389	$312,986	-0.2%
Expenses	$247,702	$276,989	-0.1%
Net Income	$-12,313	$35,997	-1.3%

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

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

$47,950

Total Directors

$5,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark D Wilding	Executive Dir.	40.00	Officer	$44,750	$0	$44,750
Barbara Catbagan	Co-Chairman	2.00	Officer Director	$3,200	$0	$3,200
Ari Gerzon-Kessler	Director	1.00	Director	$2,200	$0	$2,200
Victoria Keziah	Director	1.00	Director	$0	$0	$0
Melody Suitts Conway	Co-Chairman	2.00	Officer Director	$0	$0	$0
Shannon McGuire	Treasurer	1.00	Officer Director	$0	$0	$0
Cathy Hill	Secretary	2.00	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
2021	$235,389	$247,702	$63,335	$-12,313
2020	$312,986	$276,989	$74,972	$35,997
2019	$605,219	$619,361	$60,027	$-14,142
2019	$605,219	$619,361	$60,027	$-14,142
2018	$786,810	$723,321	$203,775	$63,489

PASSAGEWAYS INSTITUTE INC dba PASSAGEWORKS INSTITUTE