NUWAY ALLIANCE

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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

2019

Legal Domicile

Principal Officer

DAVID VENNES

Phone

6127670309

Tax Period

2024-01-01 to 2024-12-31

NUWAY ALLIANCE, founded in 2019, is a mid-sized nonprofit in the Health Care sector that reported $29.3M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $12.1M, a strong 41% operating margin.

Mission

TO PROVIDE LEADERSHIP, INNOVATION AND RECOVERY ACCESS.

Program Service Accomplishments

Program 1

Expenses: $14,041,647 Revenue: $17,679,447

IN 2024, NUWAY ALLIANCE SERVED A SAFETY NET POPULATION ACROSS MINNESOTA INCLUDING 7,941 PERSONS EXPERIENCING HIGH NEED AND LOW ACCESS TO RESOURCES BY DELIVERING EVIDENCE-BASED BEHAVIORAL HEALTHCARE, RECOVERY HOUSING, TRAINING, AND RELATED SERVICES. THE ORGANIZATION PROVIDED PERSON-CENTERED TREATMENT FOR SUBSTANCE USE AND MENTAL HEALTH DISORDERS, RECOVERY HOUSING, AND TRAINING FOR BEHAVIORAL HEALTHCARE PROFESSIONALS.IT SOUGHT TO ADDRESS CHALLENGES OF ADDICTION, HOUSING INSECURITY, DECREASED MENTAL HEALTH, INCARCERATION, AND PREMATURE DEATH BY HELPING PEOPLE IMPROVE THEIR SOCIAL DETERMINANTS OF HEALTH.

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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 $10,723,899

Program Service Revenue $17,679,447

Investment Income $642,311

Other Revenue $225,750

TOTAL REVENUE $29,271,407

Expense Breakdown

Grants Paid $58,175

Salaries & Benefits $12,026,416

Fundraising Expenses $0

Program Expenses $14,041,647

Other Expenses $5,071,591

TOTAL EXPENSES $17,156,182

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,271,407	$19,922,515	+0.5%
Expenses	$17,156,182	$25,649,219	-0.3%
Net Income	$12,115,225	$-5,726,704	-3.1%

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

114

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

$1,529,273

Total Directors

Key Employees

$1,436,971

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA HEDEMARK	CHAIR	2.00	Officer Director	$0	$0	$0
GEORGE ANTRIM III	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHRYN FREYTAG	TREASURER	2.00	Officer Director	$0	$0	$0
ALAN BRAUN	DIRECTOR	1.00	Director	$0	$0	$0
ASHTON MCGEE	DIRECTOR	1.00	Director	$0	$0	$0
KIRK GRYDER	DIRECTOR	1.00	Director	$0	$0	$0
LEE JACOBSON	DIRECTOR	1.00	Director	$0	$0	$0
RICK SHAMBERG	DIRECTOR	1.00	Director	$0	$0	$0
DAVID VENNES	CHIEF EXECUTIVE OFFICER	36.00	Officer	$480,013	$398,650	$878,663
TOM MEIER	CHIEF ADMINISTRATIVE & FINANCE OFFICER	50.00	Officer	$380,319	$270,291	$650,610
KENNETH ROBERTS	CHIEF CLINICAL OFFICER	50.00	Key Emp	$315,582	$136,807	$452,389
MONIQUE BOURGEOIS	CHIEF COMMUNITY RELATIONS	50.00	Key Emp	$239,579	$107,003	$346,582
JOHN MILLER	CHIEF STRATEGY OFFICER	50.00	Key Emp	$251,458	$179,490	$430,948
ANGELA HANSEN	VP, QUALITY, TRAINING	50.00	Key Emp	$186,814	$20,238	$207,052
DAVID WIECHMANN	MEDICAL DIRECTOR	50.00	Highest	$252,012	$33,889	$285,901
RYAN CLUKEY	VP, HUMAN RESOURCES	50.00	Highest	$222,006	$29,204	$251,210
MARIAN SPIESS	VP, RESIDENTIAL SERVICES	50.00	Highest	$209,145	$25,280	$234,425
RYAN HAMILTON	VP, GOVERNMENT AFFAIRS	50.00	Highest	$246,145	$16,019	$262,164
DAN ASLESON	DIRECTOR, TECHNOLOGY	50.00	Highest	$171,322	$28,857	$200,179

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	$29,271,407	$17,156,182	$25,303,991	$12,115,225
2023	$21,061,765	$28,087,289	$12,075,148	$-7,025,524
2022	$17,547,866	$17,522,808	$27,698,364	$25,058
2021	$15,942,429	$7,794,912	$20,306,360	$8,147,517
2020	$10,608,686	$5,382,752	$9,958,728	$5,225,934