Joshua's Way Inc (EIN 571091204) - 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

1999

Legal Domicile

Principal Officer

Dan Johnson

Phone

8648014464

Tax Period

2024-09-01 to 2025-08-31

Joshua's Way Inc, founded in 1999, is a small nonprofit in the Religion sector that reported $159K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Net assets of $581K represent 44 months of operating reserves.

Mission

Christian study and service center

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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 $151,451

Program Service Revenue $114

Investment Income $7,159

Other Revenue $0

TOTAL REVENUE $158,724

Expense Breakdown

Grants Paid $13,800

Salaries & Benefits $89,833

Fundraising Expenses $0

Program Expenses $103,251

Other Expenses $51,760

TOTAL EXPENSES $155,393

Year-over-Year Comparison

	2024	2023	Change
Revenue	$158,724	$145,119	+0.1%
Expenses	$155,393	$158,325	0.0%
Net Income	$3,331	$-13,206	-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

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

$18,000

Total Directors

$18,000

Key Employees

$83,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Florin Palghia	Employee	36.00	Key Emp Highest	$65,000	$0	$65,000
Vernon Baxley	Director	2.00	Director	$0	$0	$0
Heath Hicks	Director	2.00	Director	$0	$0	$0
Dan Johnson	President	36.00	Officer Director Key Emp	$18,000	$0	$18,000
Randy Kemp	Treasurer	2.00	Director	$0	$0	$0
Tully Stoudemayer	Director	1.00	Director	$0	$0	$0
Louise Rogers	Director	5.00	Director	$0	$0	$0
Caleb Rogers	Director	5.00	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	$158,724	$155,393	$580,603	$3,331
2024	$145,119	$158,325	$577,272	$-13,206
2023	$200,627	$179,058	$590,478	$21,569
2022	$168,299	$171,139	$568,909	$-2,840
2021	$115,952	$104,760	$571,749	$11,192

Joshua's Way Inc