PASSENGER INC (EIN 811037667) - 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

2016

Principal Officer

Christopher Tait

Phone

3136713536

Tax Period

2024-01-01 to 2024-12-31

PASSENGER INC, founded in 2016, is a small nonprofit in the Mental Health sector that reported $275K in total revenue in fiscal year 2024. The organization ran a surplus of $93K, a strong 34% operating margin.

Mission

Passenger Recovery began as a support system for music industry workers touring in recovery. As our mission has evolved, we've expanded to include all who wish to explore recovery, by creating events that bring our local community together through music and recovery. Just as the music industry encompasses diverse individuals with varied challenges, so does the journey of recovery. Music and the Arts, like recovery, serve as a unifying force, connecting people from all walks of life and helping them find common ground. Our work is dedicated to leveraging this connection to support and inspire those on the path to recovery.

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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 $274,884

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $274,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,963

Fundraising Expenses $9,824

Program Expenses $181,478

Other Expenses $35,713

TOTAL EXPENSES $181,676

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,884	$274,883	+0.0%
Expenses	$181,676	$181,479	+0.0%
Net Income	$93,208	$93,404	0.0%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bryan Wolf	Program Director	40.00	Key Emp	$0	$0	$0
Christopher Tait	Executive Director	40.00	Key Emp	$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	$274,884	$181,676	$108,414	$93,208

PASSENGER INC