FLAMES WAY INC

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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

2023

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $188,363

PROVIDED COMMUNITY SERVICE OPPORTUNITIES IN THE CENTRAL VIRGINIA AREA. THESE ACTIVITIES INCLUDED SPEAKING ENGAGEMENTS, SERVICE PROJECTS, HOSPITAL AND SCHOOL VISITS, AND YOUTH MENTORSHIP.

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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 $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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
RON JUSTICE	DIRECTOR	Officer	$0	$0	$0
DAVID DOLAN	TREASURER	Officer	$0	$0	$0
DENNIS FIELDS	PRESIDENT	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