FLAMES WAY INC

EIN: 922596654 501(c)(3) Public & Societal Benefit

ROANOKE, VA

Total Revenue
$212,475
Total Expenses
$192,915
Total Assets
$19,560
Net Assets
$19,560
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
VA
Tax Period
2023-01-01 to 2023-12-31

FLAMES WAY INC, founded in 2023, is a small nonprofit in the Public & Societal Benefit sector that reported $212K in total revenue in fiscal year 2023. Expenses of $193K left a modest 9% surplus.

Mission

TO PROVIDE CHARITABLE AND COMMUNITY SERVICES OPOORTUNITIES TO ATHLETES

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $212,475
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $212,475

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $188,363
Other Expenses $192,915
TOTAL EXPENSES $192,915

Year-over-Year Comparison

2023 2022 Change
Revenue $212,475 N/A N/A
Expenses $192,915 N/A N/A
Net Income $19,560 N/A N/A
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RON JUSTICE DIRECTOR 0.00
Officer
$0 $0 $0
DAVID DOLAN TREASURER 0.00
Officer
$0 $0 $0
DENNIS FIELDS PRESIDENT 0.00
Officer
$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 $212,475 $192,915 $19,560 $19,560
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