WAYS FOR LIFE INC

EIN: 843366048 501(c)(3) Human Services

MELBOURNE, FL

Total Revenue
$717,998
Total Expenses
$671,429
Total Assets
$539,308
Net Assets
$469,512
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Principal Officer
LISA SOLOWAY
Phone
3212044577
Tax Period
2024-01-01 to 2024-12-31

WAYS FOR LIFE INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $718K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $671K left a modest 6% surplus.

Mission

WAYS FOR LIFE HELPS YOUTH FIND RESOURCES AND CREATIVE SOLUTIONS TO ISSUES SUCH AS HOUSING, LEGAL, EMPLOYMENT, EDUCATION, TRANSPORTATION, HEALTH CARE, WELLNESS, AND COUNSELING. WE UNDERSTAND THAT UNTIL IMMEDIATE BASIC NEEDS ARE MET, IT IS NEARLY IMPOSSIBLE TO CONTEMPLATE THE FUTURE AND WAYS FOR LIFE BELIEVES THAT ALL YOUNG PEOPLE ARE WORTHY OF EQUAL OPPORTUNITIES FOR A SUCCESSFUL FUTURE.WAYS STANDS FOR WRAP AROUND YOUTH SERVICES, WHICH ARE DELIVERED DAILY AT BREVARD'S ONLY DROP-IN YOUTH CENTER. WHEN YOUTH ENTER OUR DOORS, A DEDICATED WAYS TEAM MEMBER PERSONALLY MEETS THEM TO ASSESS THEIR IMMEDIATE NEEDS. NEXT, THE WAYS CARE TEAM STAFF HELPS THEM OVERCOME THEIR UNIQUE CHALLENGES BY DEVELOPING, IMPLEMENTING, AND MONITORING AN INDIVIDUAL SUCCESS PLAN. THE WAYS WRAPAROUND MODEL HAS PROVEN TO BE A SUCCESSFUL TOOL FOR GUIDING OUR YOUTH MEMBERS AWAY FROM HOPELESSNESS, HOMELESSNESS, AND CRIME TOWARD A LIFE FULL OF PROMISE AND PROSPERITY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $718,337
Program Service Revenue $0
Investment Income $531
Other Revenue $-870
TOTAL REVENUE $717,998

Expense Breakdown

Grants Paid $0
Salaries & Benefits $409,616
Fundraising Expenses $6,955
Program Expenses $562,475
Other Expenses $261,813
TOTAL EXPENSES $671,429

Year-over-Year Comparison

2024 2023 Change
Revenue $717,998 $920,654 -0.2%
Expenses $671,429 $785,449 -0.1%
Net Income $46,569 $135,205 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
12
Volunteers
109

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
4
$50,000
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA IRVIN PRESIDENT 1.00
Officer Director
$0 $0 $0
LISA SOLOWAY TREASURER 1.00
Officer Director
$0 $0 $0
KIMBERLY HENNE SECRETARY 1.00
Officer Director
$0 $0 $0
ELENA LEE DIRECTOR 0.50
Director
$0 $0 $0
DR ANGELA OLIVER-BURGESS DIRECTOR 0.50
Director
$0 $0 $0
BUSHAY MCCOY DIRECTOR 0.50
Director
$0 $0 $0
JOHN KOENIG DIRECTOR 0.50
Director
$0 $0 $0
DR SHARON JONES DIRECTOR 0.50
Director
$0 $0 $0
ALTARA WARREN DIRECTOR 0.50
Director
$0 $0 $0
PAMELA BRESS EXECUTIVE DIRECTOR 60.00
Officer
$50,000 $0 $50,000
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 $717,998 $671,429 $539,308 $46,569
2023 $920,654 $785,449 $454,261 $135,205
2022 $748,063 $659,075 $323,813 $88,988
2021 $437,890 $359,540 $212,589 $78,350
2020 $209,971 $116,672 $121,615 $93,299
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