A BETTER WAY OF LIVING INC (EIN 850482521) - 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

2001

Legal Domicile

Principal Officer

John Noel

Phone

5053329164

Tax Period

2024-01-01 to 2024-12-31

A BETTER WAY OF LIVING INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $7.3M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $6.6M left a modest 10% surplus.

Mission

A BETTER WAY OF LIVING, INCORPORATED PROVIDES REHABILITATION SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN THE FORM OF HOUSING, DAILY NEEDS, AND TRAINING.

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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 $2,623

Program Service Revenue $6,585,158

Investment Income $934

Other Revenue $724,310

TOTAL REVENUE $7,313,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,853,981

Fundraising Expenses $0

Program Expenses $5,746,029

Other Expenses $734,524

TOTAL EXPENSES $6,588,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,313,025	$5,666,879	+0.3%
Expenses	$6,588,505	$6,722,840	0.0%
Net Income	$724,520	$-1,055,961	-1.7%

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

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

223

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
JOHN NOEL	Executive Dir.	40.00	Officer Director	$90,000	$0	$90,000
KRISTIN BRADFORD	Trustee	1.00	Officer Director	$0	$0	$0
JAMES TORRES	Trustee	0.00	Director	$0	$0	$0
CASEY BRESNAHAN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
GAIL STARR	Secretary	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	$7,313,025	$6,588,505	$1,894,038	$724,520
2023	$5,666,879	$6,722,840	$1,128,721	$-1,055,961
2022	$5,864,825	$5,487,073	$2,222,438	$377,752
2021	$5,739,635	$4,735,366	$1,717,518	$1,004,269
2020	$4,955,693	$4,832,711	$1,441,919	$122,982
2019	$4,517,585	$4,686,653	$515,055	$-169,068
2018	$4,730,652	$4,821,540	$660,856	$-90,888

A BETTER WAY OF LIVING INC