A BETTER WAY COUNSELING SERVICE INC

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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

2018

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

A BETTER WAY COUNSELING SERVICE INC, founded in 2018, is a small nonprofit that reported $309K in total revenue in fiscal year 2021. Expenses of $292K left a modest 5% surplus.

Mission

Provides quality compassionate mental health counseling services to all ages and social economic backgrounds to Tallahassee and surrounding areas

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $309,000

The business has grown from 1 one counselor in 2018 to multiple counselors in 2021. We also have partnered with several area universities providing internships for social worker interns. Due to...

The business has grown from 1 one counselor in 2018 to multiple counselors in 2021. We also have partnered with several area universities providing internships for social worker interns. Due to unforeseen growth plan to convert to LLC in 2022

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $309,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $309,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $216,134

Fundraising Expenses $0

Program Expenses $0

Other Expenses $76,306

TOTAL EXPENSES $292,440

Year-over-Year Comparison

	2021	2020	Change
Revenue	$309,000	N/A	N/A
Expenses	$292,440	N/A	N/A
Net Income	$16,560	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Elizabeth Watson	CEO	40.00	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
2021	$309,000	$292,440	$16,560	$16,560