THE WRIGHT WAY FOUNDATION

EIN: 934981680 501(c)(3) Human Services

LOUISVILLE, KY

Total Revenue
$28,665
Total Expenses
$42,412
Total Assets
$486,612
Net Assets
$486,612
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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
KY
Principal Officer
DARNELL M WRIGHT
Phone
5025889133
Tax Period
2024-01-01 to 2024-12-31

THE WRIGHT WAY FOUNDATION, founded in 2023, is a micro nonprofit in the Human Services sector that reported $29K in total revenue in fiscal year 2024. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $42K exceeded revenue, resulting in a 48% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, RELIGIOUS OR SCIENTIFIC PURPOSES.Specifically to (a) champion the potential of youth by providing support and fostering personal growth; and (b) empower single mothers to achieve self-sufficiency and a successful future by providing support that addresses the unique challenges faced by single mothers.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,400
Program Service Revenue $0
Investment Income $16,265
Other Revenue $0
TOTAL REVENUE $28,665

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,000
Fundraising Expenses $0
Program Expenses $21,011
Other Expenses $34,412
TOTAL EXPENSES $42,412

Year-over-Year Comparison

2024 2023 Change
Revenue $28,665 $500,359 -0.9%
Expenses $42,412 N/A N/A
Net Income $-13,747 $500,359 -1.0%
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

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Governance

Voting Members
N/A
Independent Members
N/A
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
0
$0
Total Directors
5
$8,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARNELL M WIRGHT DIRECTOR N/A
Director
$0 $0 $0
KIMBERLY ADAMS DIRECTOR N/A
Director
$8,000 $0 $8,000
KAELY CRAESY DIRECTOR N/A
Director
$0 $0 $0
PAT McCUSKER DIRECTOR N/A
Director
$0 $0 $0
JEREMY NEWBERRY DIRECTOR N/A
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 $28,665 $42,412 $486,612 $-13,747
2024 $16,265 $30,012 $486,612 $-13,747
2023 $500,359 No data $500,000 No data
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