HIS 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

1986

Legal Domicile

Principal Officer

LARRY TAYLOR

Phone

6016054420

Tax Period

2023-01-01 to 2023-12-31

HIS WAY INC, founded in 1986, is a small nonprofit in the Human Services sector that reported $944K in total revenue in fiscal year 2023.

Mission

TO SERVE THE NEEDS OF CHILDREN UNDER THE AGE OF 18 WITH MONETARY CONTRIBUTIONS TO 501(C)(3) ORGANIZATIONS. THE PURPOSE OF THE RECEIVING CHARITIES MUST BE TO SERVE THE NEEDS OF UNDERPRIVILEGED, AT RISK, ABUSED, NEGLECTED OR HOMELESS CHILDREN.

Program Service Accomplishments

Program 1

Expenses: $866,884

PROVIDE SUPPORT TO ORGANIZATIONS WHICH OPERATE PROGRAMS THAT NURTURE AND ASSIST UNDERPRIVILEGED, NEGLECTED, ABUSED OR HOMELESS CHILDREN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $25,607

Other Revenue $918,875

TOTAL REVENUE $944,482

Expense Breakdown

Grants Paid $684,616

Salaries & Benefits $147,476

Fundraising Expenses $0

Program Expenses $866,884

Other Expenses $113,697

TOTAL EXPENSES $945,789

Year-over-Year Comparison

	2023	2022	Change
Revenue	$944,482	$884,335	+0.1%
Expenses	$945,789	$829,743	+0.1%
Net Income	$-1,307	$54,592	-1.0%

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

$129,513

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB SPRING	PRESIDENT	1.00	Officer Director	$0	$0	$0
KEN GUTHRIE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TODD WARREN	SECRETARY	1.00	Officer Director	$0	$0	$0
BRYAN NELMS	TREASURER	1.00	Officer Director	$0	$0	$0
TOMMY BUTLER	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN STARKS	DIRECTOR	1.00	Director	$0	$0	$0
LESLIE THREADGILL	EXECUTIVE DIRECTOR	40.00	Officer	$126,675	$2,838	$129,513

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	$944,482	$945,789	$1,592,258	$-1,307
2022	$884,335	$829,743	$1,600,122	$54,592
2021	$1,169,714	$1,206,112	$1,527,461	$-36,398
2020	$651,543	$707,997	$1,615,309	$-56,454
2019	$1,326,152	$1,278,653	$1,653,926	$47,499
2018	$1,098,107	$1,011,302	$1,647,261	$86,805