THE VOLUNTEER WAY 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

1999

Legal Domicile

Principal Officer

JENNINE M XANTHOPOULON

Phone

7278150433

Tax Period

2024-01-01 to 2024-12-31

THE VOLUNTEER WAY INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $5.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year.

Mission

THE VOLUNTEER WAY IS A 501C3 NON-PROFIT FAITH BASED CHARITALE ORGANIZATION WITH THE MISSION TO ASSIST ALL PEOPLE CAUGHT IN POVERTY AND TO MAKE SURE NO ONE GOES HUNGRY. WE ARE HERE TO ASSIST THOSE WHO NEED IT TO BECOME A PRODUCTIVE CITIZEN IN OUR SOCIETY

Program Service Accomplishments

Program 1

Expenses: $5,203,630 Revenue: $5,238,131

IN 2023 THE VOLUNTEER WAY DISTRIBUTED OVER 5 MILLION POUNDS OF FOOD AT NO COST TO AUR PARTNERING FOOD PANTRIES AND CONSUMERS. THE TOTAL FAMILIES SERVED WAS OVER 22,000 EACH MONTH. WE ALSO DISTRIBUTED USDA COMMODITIES TO 30 NON-PROFIT CHARITIES THROUGHOUT ALL OF PASCO AND HERNANDO COUNTIES. OUR SOUP KITCHEN SERVER OVER 7,000 MEALS EACH MONTH AND OUR MOBILE FOOD PANTRY ASSISTED AN AVERAGE OF 800 FAMILIES THAT ARE LOCATED IN ISOLATED FOOD DESERT AREAS IN PASCO COUNTY. OUR BROWN BAG PROGRAM HAS HOW GROWN TO OVER 210 LOW-INCOME HOMEBOUND ELDERLY THAT GET A DELIVERY BOX OF GROCERIES AND PERSONAL ITEMS MONTHLY. WE ARE AN ACCESS SITE FOR THE DEPARTMENT OF CHILDREN AND FAMILIES. ALL OF OUR SERVICES ARE FREE OF ANY FEES TO OUR CONSUMERS AND PERTNERING NON-PROFITS.

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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 $5,087,631

Program Service Revenue $0

Investment Income $15,645

Other Revenue $134

TOTAL REVENUE $5,103,410

Expense Breakdown

Grants Paid $4,530,616

Salaries & Benefits $330,555

Fundraising Expenses $0

Program Expenses $5,203,630

Other Expenses $376,960

TOTAL EXPENSES $5,238,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,103,410	$5,631,140	-0.1%
Expenses	$5,238,131	$5,844,477	-0.1%
Net Income	$-134,721	$-213,337	-0.4%

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

100

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

$13,440

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE CESTARO-JACKSON	EX CEO	040.00		$29,536	$0	$29,536
JENNINE M XANTHOPOULON	CEO	001.00	Officer	$13,440	$0	$13,440
LESTER CYPHER	DIRECTOR	040.00	Officer Director	$0	$0	$0
GEORGE ROMANGNOLI	DIRECTOR	001.00	Director	$0	$0	$0
GLEN KELM	TREASURER	001.00	Officer Director	$0	$0	$0
DANIEL ROCK	DIRECTOR	001.00	Director	$0	$0	$0
ANN MARIE RYAN	DIRECTOR	001.00	Director	$0	$0	$0
HENRY BEACOAT	DIRECTOR	001.00	Director	$0	$0	$0
GABRIEL PAPADOPOULOS	DIRECTOR	001.00	Director	$0	$0	$0
MARGARET DELORBE	DIRECTOR	001.00	Director	$0	$0	$0
RANDY EVANS	DIRECTOR	001.00	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	$5,103,410	$5,238,131	$2,150,068	$-134,721
2023	$5,631,140	$5,844,477	$2,283,580	$-213,337
2022	$5,384,861	$5,081,200	$2,493,895	$303,661
2021	$6,424,137	$6,088,263	$2,392,790	$335,874
2020	$4,302,528	$4,413,088	$2,143,999	$-110,560
2019	$9,382,560	$9,526,800	$2,061,151	$-144,240