Shirley's Way Inc (EIN 901024077) - 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

2013

Legal Domicile

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 to provide assistance to individuals who are battling cancer. We also support local childrens programs, animal programs, and other non-profits.

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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 (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

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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

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

$219,854

Total Directors

$219,854

Key Employees

Highest Compensated

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

Shirley's Way Inc