THE WAY COUNSELING NETWORK INC

EIN: 814301799 501(c)(3) Human Services

PORT ORANGE, FL

Total Revenue
$192,470
Total Expenses
$199,270
Total Assets
$42,259
Net Assets
$36,567
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
RUSSELL HOLLOWAY
Phone
3864054128
Tax Period
2023-01-01 to 2023-12-31

THE WAY COUNSELING NETWORK INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $192K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

THE WAY COUNSELING IS A COUNSELING ENTITY WHOSE MINISTRY IS DEDICATED TO SHARING THE LOVE AND COMPASSION OF JESUS CHRIST. THE WAY IS OFFERS PROFESSIONAL, AFFORDABLE COUNSELING SERVICES TO PEOPLE IN DEED AND TO PROVIDE A SUPPORTIVE PLACE FOR STUDENTS AND COUNSELORS TO PRACTICE AND TRAIN. THE WAY IS DESIGNED TO SHARE THE TENDERNESS OF CHRIST IN THE COUNSELING SETTING WHILE COMBINING THE PSYCHOLOGICAL HELP FROM A CHRISTIAN PROFESSIONAL. ALL COUNSELORS ARE LICENSED, ORDAINED, INSURED, AND EDUCATED WITH DEGREES IN CHRISTIAN COUNSELING. ALL OF OUR COUNSELORS HAVE BACKGROUNDS IN OTHER MINISTRIES THAT SPECIALIZE IN WORKING WITH THEIR FOCUS GROUP.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $91,473
Program Service Revenue $100,997
Investment Income $0
Other Revenue $0
TOTAL REVENUE $192,470

Expense Breakdown

Grants Paid $0
Salaries & Benefits $68,499
Fundraising Expenses $0
Program Expenses $199,270
Other Expenses $103,271
TOTAL EXPENSES $199,270

Year-over-Year Comparison

2023 2022 Change
Revenue $192,470 $216,350 -0.1%
Expenses $199,270 $229,279 -0.1%
Net Income $-6,800 $-12,929 -0.5%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
N/A

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
3
$27,500
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUSSELL HOLLOWAY PRESIDENT 5.00
Officer
$27,500 $0 $27,500
BILL GRIFFIN AT LARGE BOA 5.00
Director
$0 $0 $0
MICHAEL HANKES BOARD MEMBER 5.00
Director
$0 $0 $0
TIFFANY JARVIS VICE PRESIDE 5.00
Director
$0 $0 $0
RANDALL KELLEY BOARD MEMBER 5.00
Director
$0 $0 $0
MARA MESA BOARD MEMBER 5.00
Director
$0 $0 $0
CHRIS ATWELL TREASURER 5.00
Officer
$0 $0 $0
JESSE JARVIS BOARD MEMBER 5.00
Officer
$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
2023 $192,470 $199,270 $42,259 $-6,800
2022 $216,350 $229,279 $48,387 $-12,929
2021 $235,065 $244,712 $60,708 $-9,647
2020 $220,141 $217,975 $70,961 $2,166
2019 $213,650 $195,616 $71,901 $18,034
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