PASSAGEWAYS LTD (EIN 741776507) - 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

2014

Legal Domicile

Principal Officer

WILLIE TUCKER

Phone

3167211316

Tax Period

2024-01-01 to 2024-12-31

PASSAGEWAYS LTD, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $895K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

PROVIDES HEALTH, SAFETY, PHYSICAL, AND SPIRITUAL SERVICES TO ANYONE IN NEED AND ASSISTS INDIVIDUALS IN BECOMING INDEPENDENT, DIGNIFIED AND PRODUCTIVE MEMBERS OF SOCIETY.

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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 $907,244

Program Service Revenue $0

Investment Income $30

Other Revenue $-12,447

TOTAL REVENUE $894,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,724

Fundraising Expenses $77,387

Program Expenses $758,184

Other Expenses $700,206

TOTAL EXPENSES $905,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$894,827	$736,758	+0.2%
Expenses	$905,930	$719,611	+0.3%
Net Income	$-11,103	$17,147	-1.6%

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

245

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

$135,840

Total Directors

$68,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN MOELLINGER	EXECUTIVE DI	40.00	Officer Director	$68,760	$0	$68,760
JENNIFER GARRISON	DIR OF DEVEL	40.00	Officer	$67,080	$0	$67,080
BEN BURGESS	DIRECTOR	1.00	Director	$0	$0	$0
PAM MURPHY	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE SANDERS	SECRETARY	1.00	Officer Director	$0	$0	$0
STACIE SMITH	DIRECTOR	N/A	Director	$0	$0	$0
NATHAN SVOBODA	DIRECTOR	1.00	Director	$0	$0	$0
WILLIE TUCKER	CHAIR	1.00	Officer Director	$0	$0	$0
MARLA URBAN	VICE CHAIR	1.00	Officer 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	$894,827	$905,930	$318,419	$-11,103
2023	$736,758	$719,611	$333,567	$17,147
2022	$553,618	$521,731	$321,061	$31,887
2021	$369,083	$232,722	$294,934	$136,361
2020	$233,269	$296,076	$191,756	$-62,807
2019	$220,288	$262,550	$227,843	$-42,262
2018	$253,053	$203,813	$262,988	$49,240

PASSAGEWAYS LTD