Shirley's Way Inc

EIN: 901024077 501(c)(3) Philanthropy & Grantmaking

Louisville, KY

Total Revenue
$4,625,572
Total Expenses
$2,011,849
Total Assets
$3,262,907
Net Assets
$3,110,999
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
KY
Principal Officer
FREDERICK M MULROONEY
Phone
5028830014
Tax Period
2023-01-01 to 2023-12-31

Shirley's Way Inc, founded in 2013, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 430% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 57% operating margin.

Mission

Shirleys Way is a dedicated non-profit organization that actively raises funds to provide assistance to individuals who are courageously battling cancer. Additionally, we support local childrens programs, promote initiatives for spaying and neutering animals, and collaborate with various other non-profits.

Program Service Accomplishments

Program 1
Expenses: $713,851

Financial assistance for patients with everyday living expenses. These include rent, mortgage, utilities, transportation, food, clothing, medical needs, funeral expenses, household expenses, and...

Read more

Financial assistance for patients with everyday living expenses. These include rent, mortgage, utilities, transportation, food, clothing, medical needs, funeral expenses, household expenses, and general living expenses

Program 2
Expenses: $60,492

Children programs. We provide anything to promote a childs education or extracurricular activities.

Program 3
Expenses: $248,021

Provide needed help in the local community and other local nonprofits. We have given money to local children programs such as ball fields, schools, and anything to promote a childs education or...

Read more

Provide needed help in the local community and other local nonprofits. We have given money to local children programs such as ball fields, schools, and anything to promote a childs education or extracurricular activities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,046,326
Program Service Revenue $0
Investment Income $12,118
Other Revenue $3,567,128
TOTAL REVENUE $4,625,572

Expense Breakdown

Grants Paid $796,516
Salaries & Benefits $526,324
Fundraising Expenses $545,025
Program Expenses $1,022,364
Other Expenses $689,009
TOTAL EXPENSES $2,011,849

Year-over-Year Comparison

2023 2022 Change
Revenue $4,625,572 $872,863 +4.3%
Expenses $2,011,849 $686,527 +1.9%
Net Income $2,613,723 $186,336 +13.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
4
Independent Members
4
Employees
42
Volunteers
162

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
$219,854
Total Directors
8
$219,854
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FREDERICK M MULROONEY PRESIDENT CEO 025.00
Officer Director
$75,219 $0 $75,219
EDWINNA BARKER CFO 030.00
Officer Director
$65,912 $0 $65,912
KELLYE DUCKWORTH COO 040.00
Officer Director
$55,296 $0 $55,296
MARY BARNES SECRETARY 030.00
Officer Director
$23,427 $0 $23,427
TODD RENDER TRUSTEE 002.00
Director
$0 $0 $0
MONICA PERKINS TRUSTEE 002.00
Director
$0 $0 $0
THERESA SCHABLIK TRUSTEE 002.00
Director
$0 $0 $0
JENNIFER WHITE TRUSTEE 002.00
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 No data No data No data No data
2023 $4,625,572 $2,011,849 $3,262,907 $2,613,723
2022 $872,863 $686,527 $571,712 $186,336
2021 $568,654 $570,932 $419,974 $-2,278
2020 $458,847 $439,189 $469,923 $19,658
2019 $622,906 $638,915 $323,617 $-16,009
2018 $590,131 $406,126 $554,524 $184,005
Explore More Nonprofits
Top 100 Nonprofits in Kentucky Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Shirley's Way Inc with other nonprofits in Kentucky and across the country.