MY WAY OUT INC

EIN: 871385421 501(c)(3) Crime & Legal

MILWAUKEE, WI

Total Revenue
$838,005
Total Expenses
$426,475
Total Assets
$582,122
Net Assets
$565,443
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
WI
Principal Officer
KAREN COY ROMANO
Phone
4146286397
Tax Period
2025-01-01 to 2025-12-31

MY WAY OUT INC, founded in 2021, is a small nonprofit in the Crime & Legal sector that reported $838K in total revenue in fiscal year 2025. Revenue surged 110% from the prior year, signaling strong growth momentum. The organization ran a surplus of $412K, a strong 49% operating margin.

Mission

USING THE VOICE AND EXPERTISE OF 'CREDIBLE MESSENGERS' WE EMPOWER, INSPIRE AND ENRICH THE LIVES OF JUSTICE-IMPACTED INDIVIDUALS BY BRINGING TOGETHER CUSTOMIZED COMMUNITY RESOURCES, SUPPORTIVE SERVICE PROVIDERS, AND SECOND-CHANCE EMPLOYERS. BY REDUCING RECIDIVISM, BUILDING STRONG COMMUNITIES THROUGH PEER NETWORKS, AND KEEPING FAMILIES TOGETHER, WE WILL HELP BRING HOPE AND PROSPERITY TO MARGINALIZED COMMUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $838,005
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $838,005

Expense Breakdown

Grants Paid $0
Salaries & Benefits $281,771
Fundraising Expenses $39,029
Program Expenses $266,093
Other Expenses $144,704
TOTAL EXPENSES $426,475

Year-over-Year Comparison

2025 2024 Change
Revenue $838,005 $399,041 +1.1%
Expenses $426,475 $394,328 +0.1%
Net Income $411,530 $4,713 +86.3%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
11
Independent Members
11
Employees
3
Volunteers
12

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
5
$123,923
Total Directors
11
$40,923
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KAREN COY-ROMANO PRESIDENT & TREASURER 50.00
Officer Director
$39,000 $0 $39,000
BARBARA CERDA SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID CARLSON DIRECTOR 1.00
Director
$0 $0 $0
DECORAH GORDON DIRECTOR 1.00
Director
$0 $0 $0
PATRICK SNYDER DIRECTOR 1.00
Director
$0 $0 $0
SARWAT SHARIF VICE PRESIDENT OF PROGRAMS 8.00
Officer Director
$1,923 $0 $1,923
RODRICK CURETON DIRECTOR 1.00
Director
$0 $0 $0
DR NADIYAH JOHNSON VICE PRESIDENT OF OPERATIONS 5.00
Officer Director
$0 $0 $0
MANDY POTAPENKO DIRECTOR 1.00
Director
$0 $0 $0
DARREN ANGLIN DIRECTOR 1.00
Director
$0 $0 $0
JAMAAL NAPOLEON DIRECTOR 1.00
Director
$0 $0 $0
RUBEN GAONA EXECUTIVE DIRECTOR 50.00
Officer
$83,000 $0 $83,000
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
2025 $838,005 $426,475 $582,122 $411,530
2024 $399,041 $394,328 $165,269 $4,713
2023 $271,583 $206,698 $156,010 $64,885
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