NUWAY RECOVERY FOUNDATION (EIN 832935624) - 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

DAVID VENNES

Phone

6127670309

Tax Period

2024-01-01 to 2024-12-31

NUWAY RECOVERY FOUNDATION, founded in 2018, is a community nonprofit in the Mental Health sector that reported $9.4M in total revenue in fiscal year 2024.

Mission

TO SUPPORT THE EXEMPT PURPOSES OF NUWAY HOUSE, INC. NUWAY RECOVERY FOUNDATION MADE PAYMENTS TO RECOVERY HOUSING PROVIDERS IN MINNESOTA TO ASSIST QUALIFIED INDIVIDUALS SUFFERING FROM SUBSTANCE USE DISORDERS (SUD).

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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 $8,136,350

Program Service Revenue $1,240,618

Investment Income $-18,077

Other Revenue $831

TOTAL REVENUE $9,359,722

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,531,687

Fundraising Expenses $0

Program Expenses $8,813,159

Other Expenses $7,773,271

TOTAL EXPENSES $9,304,958

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,359,722	$9,463,964	0.0%
Expenses	$9,304,958	$7,037,074	+0.3%
Net Income	$54,764	$2,426,890	-1.0%

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

N/A

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

$2,454,531

Total Directors

$2,090,581

Key Employees

$234,425

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH ROBERTS	CHAIR	1.00	Officer Director	$0	$136,807	$455,389
ANGELA HANSEN	SECRETARY	1.00	Officer Director	$0	$20,238	$207,052
TOM MEIER	TREASURER	1.00	Officer Director	$0	$270,291	$650,610
MONIQUE BOURGEOIS	DIRECTOR	1.00	Director	$0	$107,003	$346,582
JOHN MILLER	DIRECTOR	1.00	Director	$0	$179,490	$430,948
JOSEPH LALLY	PRESIDENT	50.00	Officer	$245,115	$17,702	$262,817
DAVID VENNES	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$398,650	$878,663
MARIAN SPIESS	RESIDENTIAL SERVICES DIRECTOR	10.00	Key Emp	$0	$25,280	$234,425
SAM WOOLERY	RECOVERY RESIDENCE RESOURCE DIRECTOR	50.00	Highest	$138,379	$19,364	$157,743

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	$9,359,722	$9,304,958	$4,910,117	$54,764
2023	$9,683,390	$6,966,684	$5,160,964	$2,716,706
2022	$5,545,832	$5,900,347	$2,389,011	$-354,515
2021	$6,551,015	$6,180,963	$2,836,058	$370,052
2020	$6,567,365	$6,174,254	$2,369,771	$393,111
2019	$116,223	$28,486	$1,412,307	$87,737
2018	$1,300,000	No data	$1,300,000	No data

NUWAY RECOVERY FOUNDATION