BROADWAY RECOVERY SERVICES (EIN 832116202) - 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

2018

Legal Domicile

Principal Officer

ADAM LONARDO

Phone

8552929778

Tax Period

2024-01-01 to 2024-12-31

BROADWAY RECOVERY SERVICES, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 13% surplus.

Mission

BROADWAY RECOVERY SERVICES (BRS) IS A 501(C)(3) NONPROFIT ORGANIZATION DEDICATED TO PROVIDING A SAFE, STRUCTURED, AND SUPPORTIVE ENVIRONMENT THAT EMPOWERS INDIVIDUALS ON THEIR RECOVERY JOURNEY. OUR MISSION IS TO OFFER COMPASSIONATE AND COMPREHENSIVE SUBSTANCE USE DISORDER (SUD) AND BEHAVIORAL HEALTH SERVICES, GUIDING INDIVIDUALS TO MAINTAIN WELLNESS, ENGAGE IN PERSONALIZED TREATMENT, AND STRENGTHEN POSITIVE CONNECTIONS WITH THEIR FAMILIES AND COMMUNITIES. WE ARE COMMITTED TO FOSTERING A STIGMA-FREE SPACE THAT PROMOTES HEALING, RESILIENCE, AND HOPE FOR ALL THOSE WE SERVE.

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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 $300,579

Program Service Revenue $1,007,542

Investment Income $0

Other Revenue $1,924

TOTAL REVENUE $1,310,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $491,393

Fundraising Expenses $0

Program Expenses $1,128,219

Other Expenses $653,186

TOTAL EXPENSES $1,144,579

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,310,045	$971,821	+0.3%
Expenses	$1,144,579	$933,647	+0.2%
Net Income	$165,466	$38,174	+3.3%

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

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

$90,000

Total Directors

$90,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON KMENTT	DIRECTOR	30.00	Officer Director	$49,500	$0	$49,500
ADAM LONARDO	EXECUTIVE DI	30.00	Officer Director	$40,500	$0	$40,500
LIAM ABRIGG	DIRECTOR	1.00	Officer Director	$0	$0	$0
BRYANT CROACH	DIRECTOR	1.00	Officer Director	$0	$0	$0
VICTOR DAPRILE	DIRECTOR	1.00	Officer Director	$0	$0	$0
PATRICK GRAY	DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL ROMEO JR	DIRECTOR	1.00	Director	$0	$0	$0
KASSANDRA KORNBAU	DIRECTOR	1.00	Officer Director	$0	$0	$0
STEPHANIE LEONARD	DIRECTOR	1.00	Officer Director	$0	$0	$0
ZECHARIAH MATHEWS	DIRECTOR	1.00	Officer Director	$0	$0	$0
DEBORAH PASSEROTTI	DIRECTOR	1.00	Officer 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	$1,310,045	$1,144,579	$582,413	$165,466
2023	$971,821	$933,647	$168,813	$38,174
2022	$658,029	$667,650	$143,642	$-9,621
2021	$300,221	$316,544	$2,780	$-16,323

BROADWAY RECOVERY SERVICES