BROADWAY SERVICES INC (EIN 731665555) - 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

2003

Legal Domicile

Principal Officer

SCOTT CRABTREE

Phone

5048651960

Tax Period

2024-01-01 to 2024-12-31

BROADWAY SERVICES INC, founded in 2003, is a mid-sized nonprofit in the Human Services sector that reported $12.4M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $15.0M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY FOR THE AGED IN NEW ORLEANS, LOUISIANA.

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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 $123,635

Program Service Revenue $12,004,238

Investment Income $237,758

Other Revenue $-5,436

TOTAL REVENUE $12,360,195

Expense Breakdown

Grants Paid $3,059,466

Salaries & Benefits $6,714,756

Fundraising Expenses $0

Program Expenses $12,887,781

Other Expenses $5,258,814

TOTAL EXPENSES $15,033,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,360,195	$14,723,824	-0.2%
Expenses	$15,033,036	$11,878,450	+0.3%
Net Income	$-2,672,841	$2,845,374	-1.9%

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

192

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

$995,889

Total Directors

$995,889

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT CRABTREE	CEO	34.00	Officer Director	$442,004	$23,888	$465,892
LYNN SWETLAND	CFO	34.00	Officer Director	$239,972	$20,265	$260,237
JANICE J HALES	COO	34.00	Officer Director	$261,679	$8,081	$269,760
JANICE PARMELEE	CHAIR	0.30	Officer Director	$0	$0	$0
CHRISTINE THOMPSON BRIEDE	BOARD MEMBER	0.30	Director	$0	$0	$0
YEAQUANNA SMOOT	DIRECTOR OF NURSING	40.00	Highest	$108,978	$12,902	$121,880
ALLISON WILLIAMS	NURSE	40.00	Highest	$109,598	$10,358	$119,956

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	$12,360,195	$15,033,036	$6,989,228	$-2,672,841
2023	$14,723,824	$11,878,450	$9,668,927	$2,845,374
2022	$11,451,026	$10,984,095	$6,626,076	$466,931
2021	$11,011,243	$10,389,442	$6,344,122	$621,801
2020	$12,721,496	$10,464,398	$5,605,413	$2,257,098
2019	$12,197,193	$12,136,502	$3,615,890	$60,691
2018	$12,249,499	$11,742,807	$3,474,480	$506,692

BROADWAY SERVICES INC