The wayOut LGBTQ Foundation aka wayOUT (EIN 823204059) - 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

2017

Legal Domicile

Principal Officer

Brenden Kennedy

Phone

8479025311

Tax Period

2024-01-01 to 2024-12-31

The wayOut LGBTQ Foundation aka wayOUT, founded in 2017, is a small nonprofit in the Human Services sector that reported $458K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $435K left a modest 5% surplus.

Mission

The wayOut LGBTQ Foundation empowers LGBTQ+ youth to feel safe being who they really are by investing in organizations that provide life-saving services to this 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 $465,306

Program Service Revenue $0

Investment Income $0

Other Revenue $-6,992

TOTAL REVENUE $458,314

Expense Breakdown

Grants Paid $425,054

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $425,054

Other Expenses $10,342

TOTAL EXPENSES $435,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$458,314	$530,475	-0.1%
Expenses	$435,396	$465,895	-0.1%
Net Income	$22,918	$64,580	-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

N/A

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
Brenden Kennedy	President	10.00	Officer Director	$0	$0	$0
Tiffany Barillas	Treasurer	10.00	Director	$0	$0	$0
Cameron Hood	Impact Chair	10.00	Director	$0	$0	$0
Rebecca Heller	Partnerships	10.00	Director	$0	$0	$0
Alexander Moore	Marketing Chair	10.00	Director	$0	$0	$0
Bonnie Templin	Operations	10.00	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
2024	$458,314	$435,396	$523,034	$22,918
2023	$530,475	$465,895	$466,839	$64,580
2022	$403,483	$170,754	$402,259	$232,729
2021	$231,590	$171,410	$169,530	$60,180
2019	$330,350	$338,445	$34,692	$-8,095

The wayOut LGBTQ Foundation aka wayOUT