HIS WAY RECOVERY CENTER (EIN 571171249) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Jerry Mercer

Phone

2568597377

Tax Period

2023-01-01 to 2023-12-31

HIS WAY RECOVERY CENTER, founded in 2006, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2020. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $552K, a strong 17% operating margin.

Mission

ADDICTION RECOVERY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $556,819

Program Service Revenue $3,955,341

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,512,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,886,744

Fundraising Expenses $0

Program Expenses $3,610,191

Other Expenses $1,712,825

TOTAL EXPENSES $4,599,569

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,512,160	$3,809,726	+0.2%
Expenses	$4,599,569	$3,701,256	+0.2%
Net Income	$-87,409	$108,470	-1.8%

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

245

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J GREG BRAGG	MEMBER	1.00	Director	$0	$0	$0
JERRY MERCER	TREASURER	1.00	Officer Director	$0	$0	$0
TAMELA GIBBS	MEMBER	1.00	Director	$0	$0	$0
CLYDE S JONES III	SECRETARY	1.00	Officer Director	$0	$0	$0
TOM REYNOLDS	CHAIRMAN	20.00	Officer Director	$0	$0	$0
DAN BEASLEY	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ED DITTO	MEMBER	1.00	Director	$0	$0	$0
MATT REYNOLDS	MEMBER	1.00	Director	$0	$0	$0
MICHAEL BROWN	MEMBER	1.00	Director	$0	$0	$0
GREG CORNELIUS	MEMBER	1.00	Director	$0	$0	$0
MYRA SANDERSON	MEMBER	1.00	Director	$0	$0	$0
HILL WOMBLE	MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$4,512,160	$4,599,569	$7,653,272	$-87,409
2022	$3,809,726	$3,701,256	$7,272,427	$108,470
2021	$4,127,174	$3,250,899	$6,176,745	$876,275
2020	$3,312,215	$2,760,396	$4,978,631	$551,819

HIS WAY RECOVERY CENTER