PASSAGES INC (EIN 760166258) - 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

1985

Legal Domicile

Principal Officer

ELLEN K JOE

Phone

7139574910

Tax Period

2023-07-01 to 2024-06-30

PASSAGES INC, founded in 1985, is a micro nonprofit that reported $9K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $173K exceeded revenue, resulting in a 1835% operating deficit.

Mission

ROOM, BOARD AND COUNSELING OF WOMEN INFLUENCED BY ALCOHOLISM AND/OR DRUG DEPENDENCY

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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 $294

Program Service Revenue $8,638

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,932

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,395

Fundraising Expenses $0

Program Expenses $2,180

Other Expenses $48,444

TOTAL EXPENSES $172,839

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,932	$1,485,230	-1.0%
Expenses	$172,839	$1,325,376	-0.9%
Net Income	$-163,907	$159,854	-2.0%

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

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

$115,633

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY MORELAND	PAST PRESIDENT	2.00	Director	$0	$0	$0
DEANA CRAWFORD	TREASURER	2.00	Director	$0	$0	$0
WAYNETTE BRUNKHORST	PRESIDENT	2.00	Director	$0	$0	$0
ELLEN K JOE	EX. DIRECTOR	40.00	Director	$110,863	$0	$110,863
KAREN ROSS	ACCOUNTANT	2.00	Director	$4,770	$0	$4,770
JAMES H SHELTON	DIRECTOR	2.00	Director	$0	$0	$0
KATHY HALL MATHIASON	DIRECTOR	2.00	Director	$0	$0	$0
LEILA PERRIN	DIRECTOR	2.00	Director	$0	$0	$0
GINNY HART	DIRECTOR	2.00	Director	$0	$0	$0
NANCY NUNNERY	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$8,932	$172,839	$22,199	$-163,907
2023	$1,485,230	$1,325,376	$257,524	$159,854
2022	$133,273	$424,002	$97,752	$-290,729
2021	$294,630	$422,403	$383,481	$-127,773
2020	$410,892	$411,814	$526,498	$-922
2019	$332,233	$430,025	$522,674	$-97,792
2018	$402,027	$425,047	$608,193	$-23,020

PASSAGES INC