Way Training Center (EIN 811528292) - 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

2015

Legal Domicile

Principal Officer

Gerard Morgan

Phone

3372504551

Tax Period

2024-01-01 to 2024-12-31

Way Training Center, founded in 2015, is a community nonprofit in the Mental Health sector that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 9% surplus.

Mission

Offering a residential training facility to train and equip people with life controlling issues including drug addiction, gambling addiction, and alcohol addiction in the Acadiana community

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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 $104,558

Program Service Revenue $1,265,120

Investment Income $12,139

Other Revenue $0

TOTAL REVENUE $1,381,817

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,165

Fundraising Expenses $1,550

Program Expenses $911,309

Other Expenses $939,893

TOTAL EXPENSES $1,262,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,381,817	$1,443,284	0.0%
Expenses	$1,262,058	$1,162,011	+0.1%
Net Income	$119,759	$281,273	-0.6%

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

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
Gerard Morgan	Director	100.00	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	No data	No data	No data	No data
2024	$1,381,817	$1,262,058	$949,357	$119,759
2023	$1,443,284	$1,162,011	$829,602	$281,273
2022	$1,047,850	$1,081,827	$560,155	$-33,977
2021	$770,040	$708,649	$620,945	$61,391
2020	$488,379	$386,565	$532,952	$101,814
2019	$349,084	$332,565	$400,813	$16,519
2018	$224,004	$131,491	$418,772	$92,513

Way Training Center