WAY STATION INC

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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

1978

Legal Domicile

Principal Officer

KELLY SAVOCA

Phone

3016620099

Tax Period

2022-07-01 to 2023-06-30

WAY STATION INC, founded in 1978, is a mid-sized nonprofit in the Human Services sector that reported $43.6M in total revenue in fiscal year 2022. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

WAY STATION, INC., A SUBSIDIARY OF SHEPPARD PRATT, A NOT-FOR-PROFIT BEHAVIORAL HEALTH SYSTEM, IS DEDICATED TO IMPROVING THE QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES BY COMPASSIONATELY SERVING THEIR MENTAL HEALTH, ADDICTION, SPECIAL EDUCATION, AND COMMUNITY SUPPORT NEEDS.

Program Service Accomplishments

Program 1

Expenses: $34,561,848 Revenue: $30,917,944

REHABILITATION AND RECOVERY SERVICES: PROVIDES RESIDENTIAL AND REHABILITATION SUPPORT, LIVING SKILLS, AND VOCATIONAL SERVICES TO ADULTS WITH SERIOUS MENTAL ILLNESS AND DEVELOPMENTAL DISABILITIES.

Program 2

Expenses: $4,564,329 Revenue: $4,973,914

COMMUNITY TREATMENT: PROVIDES COMPREHENSIVE OUTPATIENT MENTAL HEALTH SERVICES TO ADULTS, ADOLESCENTS, AND CHILDREN.

Program 3

Expenses: $895,706 Revenue: $773,211

INCLUDES CONTRACT AND RENTAL INCOME THAT SUPPORTS THE PROGRAMS DESCRIBED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,353,062

Program Service Revenue $36,806,130

Investment Income $170,323

Other Revenue $304,497

TOTAL REVENUE $43,634,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,740,867

Fundraising Expenses $0

Program Expenses $40,180,312

Other Expenses $9,137,519

TOTAL EXPENSES $42,878,386

Year-over-Year Comparison

	2022	2021	Change
Revenue	$43,634,012	$39,543,218	+0.1%
Expenses	$42,878,386	$38,155,998	+0.1%
Net Income	$755,626	$1,387,220	-0.5%

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

730

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

$1,163,697

Total Directors

$3,124,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARSH TRIVEDI MD	PRESIDENT AND CEO	1.00	Director	$0	$52,907	$1,387,274
JEFFREY W RICHARDSON	VP AND COO COMMUNITY SERVI	1.00	Officer Director	$0	$55,394	$537,984
GREG GATTMAN	VP AND COO HOSPITALS	1.00	Director	$0	$52,872	$573,754
KELLY SAVOCA	SVP AND CFO, TREASURER/SECRETARY	1.00	Officer Director	$0	$27,828	$625,713
ANTONIO SIMPKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE MEYERS	ASSISTANT CHIEF, REHAB & RECOVERY	40.00	Highest	$206,075	$30,847	$236,922
HAKIM OGUNSANYA	NURSE PRACTITIONER	40.00	Highest	$195,120	$1,893	$197,013
GORDON ROTHROCK	SR. FINANCE CONSULT, FORMER CFO/TREASURER	40.00	Highest	$213,070	$11,475	$224,545
NAIER ANHARY	NURSE PRACTITIONER	40.00	Highest	$179,132	$11,512	$190,644
PATRICIA NAZZAL	PROGRAM DIRECTOR	40.00	Highest	$158,518	$11,809	$170,327
SCOTT ROSE	CHIEF OF REHAB & REC, FORMER OFFICER	1.00		$0	$27,159	$346,761

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$43,634,012	$42,878,386	$55,064,686	$755,626
2022	$39,543,218	$38,155,998	$47,364,726	$1,387,220
2021	$38,298,060	$37,579,412	$48,827,954	$718,648
2020	$36,345,321	$35,758,301	$44,426,482	$587,020
2019	$35,580,021	$34,014,834	$43,245,429	$1,565,187
2018	$36,371,360	$35,145,620	$41,983,297	$1,225,740