Civic Intelligence

Fortunate Way

990EZ • Fiscal year 2023 • EIN 87-3809175

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 06, 2024

Organization ProfileN/A
3225 McLeod DriveLas Vegas, NV 89121

(423) 443-7302

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

1st percentile

-11479%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

37th percentile

-5.8%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-98%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$178,209

Down $10,905 (-5.8%) from 2022

Net Assets

Down

$178,209

Down $10,905 (-5.8%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin1st percentile

Revenue

Down

$95

Down $5,250 (-98%) from 2022

Expenses

Flat

$11,000

Flat from 2022

Net Income

Down

-$10,905

Down $5,250 (-93%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2021: $194,769Liabilities 2021: $0Net Assets 2021: $194,7692021Assets 2022: $189,114Liabilities 2022: $0Net Assets 2022: $189,1142022Assets 2023: $178,209Liabilities 2023: $0Net Assets 2023: $178,2092023Assets 2024: $167,248Liabilities 2024: $0Net Assets 2024: $167,2482024

Highlighted filing

2023

Assets$178,209
Liabilities$0
Net Assets$178,209
Open 2023 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2021: $200,014Expenses 2021: $5,245Net Income 2021: $194,7692021Revenue 2022: $5,345Expenses 2022: $11,000Net Income 2022: -$5,6552022Revenue 2023: $95Expenses 2023: $11,000Net Income 2023: -$10,9052023Revenue 2024: $89Expenses 2024: $11,050Net Income 2024: -$10,9612024

Highlighted filing

2023

Revenue$95
Expenses$11,000
Net Income-$10,905
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 6, 2024
Return Version
2023v4.0
Gross Receipts
$95
Mission and Program Overview

Mission

Help veterans and their families

Help veterans and their families in Tennessee and the Texas areas to build stronger families and improve their education, and to also support charitable organizations that have veterans on their boards or use veteran volunteers.

Program Services

DescriptionGrantsExpenses
Donation of $10,000 to Tragedy Assistance Program for Survivors (TAPS) with funds to be used for those in TN and TX, which aligns with our purpose. The mission of TAPS: TAPS is the national nonprofit organization providing compassionate care and comprehensive resources for all those grieving the death of a military or veteran loved one.$10,000$0
In our second year we continue to improve our administration and governance. We adopted an investments policy and formed an investment committee to have oversight of Fortunate Way's investments.$0$0
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Garrett Edward HensleyDirector-$0--
Alexia HensleyDirector-$0--
Ariana HensleyDirector-$0--
Robert Grant HensleyDirector-$0--
Robert Edward HensleyPresident/Ed/Director-$0--
Arlina Guerra HensleySecretary/Treasurer/Direct-$0--
Filing and Contact Details

Filer

Filer Name
Fortunate Way
EIN
87-3809175
Phone
4234437302
Address
3225 McLeod Drive, Las Vegas, NV 89121

Signing Officer

Name
Robert Edward Hensley
Title
President/Executive Director
Phone
4234437302
Signed
2024-02-06
Discuss with paid preparer
Yes

Preparer

Firm
C Elizabeth Jain CPA LLC
Address
5900 S Lake Forest Dr Ste 110, McKinney, TX 75070
Preparer
Tony J Morris CPA
Phone
9725428889
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

“Description: Dividends. Amount: 95.”

Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid

“Activity Classification: Program Services. Grantee Name: Tragedy Assistance Program for Survivors. Grantee Address: 3033 Wilson Blvd. Third Floor Arlington, VA 22201. Date of Gift: 12/31/23. Amount Given: 10,000.”

Raw XML Appendix157 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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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Garrett Edward Hensley
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Ariana Hensley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Robert Grant Hensley
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Robert Edward Hensley
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Director
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IRS990EZ/OperateHospitalInd00
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0Help veterans and their families in Tennessee and the Texas areas to build stronger families and improve their education, and to also support charitable organizations that have veterans on their boards or use veteran volunteers.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Donation of $10,000 to Tragedy Assistance Program for Survivors (TAPS) with funds to be used for those in TN and TX, which aligns with our purpose. The mission of TAPS: TAPS is the national nonprofit organization providing compassionate care and comprehensive resources for all those grieving the death of a military or veteran loved one.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1In our second year we continue to improve our administration and governance. We adopted an investments policy and formed an investment committee to have oversight of Fortunate Way's investments.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt010000
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt10
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IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt10
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Dividends. Amount: 95.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Activity Classification: Program Services. Grantee Name: Tragedy Assistance Program for Survivors. Grantee Address: 3033 Wilson Blvd. Third Floor Arlington, VA 22201. Date of Gift: 12/31/23. Amount Given: 10,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 10 - Grants and Similar Amounts Paid
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/BusinessOfficerGrp/PersonNm0Robert Edward Hensley
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President/Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum04234437302
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-06
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ReturnHeader/Filer/BusinessNameControlTxt0FORT
ReturnHeader/Filer/EIN0873809175
ReturnHeader/Filer/PhoneNum04234437302
ReturnHeader/Filer/USAddress/AddressLine1Txt03225 McLeod Drive
ReturnHeader/Filer/USAddress/CityNm0Las Vegas
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NV
ReturnHeader/Filer/USAddress/ZIPCd089121
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0873791140
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0C Elizabeth Jain CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05900 S Lake Forest Dr Ste 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0McKinney
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075070
ReturnHeader/PreparerPersonGrp/PhoneNum09725428889
ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Tony J Morris CPA
ReturnHeader/ReturnTs02024-02-12T16:36:26-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Robert
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Edward Hensley
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$178,209
Liabilities
$0
Net assets
$178,209
Revenue
$95
Expenses
$11,000
Net income
-$10,905
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.00$0.11$0.11
2023Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.00$0.11$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.89$0.00$1.89$0.05$0.11$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.95$0.00$1.95$2.00$0.05$1.95