Civic Intelligence

Passageways Medical Therapy Inc

EIN 47-3095097 • 501(c)3 • Louisville, KY

Profile

Provide rehab support for individuals with drug and alcohol dependency issues

700 Envoy Circle 702Louisville, KY 40299

www.passagewaysky.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.27x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

74th percentile

0.02x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

57th percentile

5.2%

Higher net margin than 57% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

98th percentile

462%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

21st percentile

-43%

Faster revenue growth than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$11,008

Up $9,051 (+462%) from 2018

Liabilities

Up

$2,996

Up $2,721 (+989%) from 2018

Net Assets

Up

$8,012

Up $6,330 (+376%) from 2018

Operations
Liabilities / Revenue74th percentileNet Margin57th percentile

Revenue

Down

$122,797

Down $91,935 (-43%) from 2018

Expenses

Down

$116,467

Down $101,373 (-47%) from 2018

Net Income

Up

$6,330

Up $9,438 (+304%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15K$10K$5.0K$0Assets 2014: $0Liabilities 2014: $02014Assets 2015: $0Liabilities 2015: $02015Assets 2016: $1Liabilities 2016: $02016Assets 2017: $8,631Liabilities 2017: $1,611Net Assets 2017: $7,0202017Assets 2018: $1,957Liabilities 2018: $275Net Assets 2018: $1,6822018Assets 2019: $11,008Liabilities 2019: $2,996Net Assets 2019: $8,0122019

Highlighted filing

2019

Assets$11,008
Liabilities$2,996
Net Assets$8,012
Open 2019 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016Revenue 2017: $107,443Expenses 2017: $100,423Net Income 2017: $7,0202017Revenue 2018: $214,732Expenses 2018: $217,840Net Income 2018: -$3,1082018Revenue 2019: $122,797Expenses 2019: $116,467Net Income 2019: $6,3302019

Highlighted filing

2019

Revenue$122,797
Expenses$116,467
Net Income$6,330
Open 2019 Filing

Filings

Most recent year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,008
Liabilities
$2,996
Net assets
$8,012
Revenue
$122,797
Expenses
$116,467
Net income
$6,330
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.03$0.08$1.23$1.16$0.06
2018Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$2.15$2.18$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.09$0.02$0.07$1.07$1.00$0.07
2016Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2015Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
2014Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Feb 1, 2020
Return Version
2019v5.0
Gross Receipts
$122,797
Mission and Program Overview

Mission

Provide rehab support for individuals with drug and alcohol dependency issues

Provide rehab support for individuals with drug and alcohol dependency issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,957$11,008▲ $9,051
Total Assets$1,957$11,008▲ $9,051
Liabilities
Accounts Payable and Accrued Expenses$275$2,996▲ $2,721
Total Liabilities$275$2,996▲ $2,721
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,682$8,012▲ $6,330
Total Net Assets Fund Balance$1,682$8,012▲ $6,330
Total Liabilities and Net Assets / Fund Balance$1,957$11,008▲ $9,051
Compensation and Service Providers
Top Officer Pay81st percentile

Board Members and Trustees

NameTitle
Bruce CohenDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$122,797
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$6,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$75,805
Other Expenses$40,662
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$75,805--$75,805
Occupancy$10,942--$10,942
Fees for Services Legal-$10,019-$10,019
Insurance-$5,809-$5,809
Interest$2,500--$2,500
Advertising$2,434--$2,434
Travel$848$26-$874
Other Expenses$156$287-$156
All Other Expenses-$127-$127
Total Functional Expenses$98,253$18,214$0$116,467
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Passageways Medical Therapy Inc
EIN
47-3095097
Phone
5026438605
Address
700 ENVOY CIRCLE 702, LOUISVILLE, KY 40299

Signing Officer

Name
Bruce Cohen
Title
Director
Phone
5026438605
Signed
2020-02-01

Organization Details

Principal Officer
Bruce Cohen
Formed
2014
Voting Board Members
2
Independent Board Members
1
Employees
1

Preparer

Firm
Goodman & Weber Psc
Address
2304 HURSTBOURNE VILLAGE DR 1100, LOUISVILLE, KY 40299
Preparer
Daniel a Weber CPA
Phone
5023390342
Raw XML Appendix244 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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