Shirley's Way Inc

Nonprofit profile at a glance

EIN
901024077
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Louisville, KY, USA
Phone
5028830014
Rating
75
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$10,397,998
Expenses
$7,423,895
Assets
$6,182,761
Liabilities
$97,659

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • FREDERICK M MULROONEY (PRESIDENT CEO)

Highest reported compensation

  • FREDERICK M MULROONEY (PRESIDENT CEO): $92,650 total reported compensation
  • EDWINNA BARKER (CFO): $88,765 total reported compensation
  • KELLYE DUCKWORTH (COO): $79,266 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Shirleys Way is a dedicated non-profit organization that actively raises funds to provide assistance to individuals who are courageously battling cancer. Additionally, we support local childrens programs, promote initiatives for spaying and neutering animals, and collaborate with various other non-profits.

What it reported doing in 2024

Children programs. We provide anything to promote a childs education or extracurricular activities. Also we provide food to children on the weekends. We do this by supporting the kids through the local school system. We have partnered with many local schools.

Operating model

Revenue model
Other-operating. 93% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 72
  • Accountability: 91
  • Sustainability: 67
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.8%; rating input score 65
  • Program expense ratio: 89.4%; rating input score 89
  • Fundraising efficiency: $2.39 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 87.5%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 36.1%; rating input score 36; 10th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 28.6%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 0.83; rating input score 30; 30th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 59; 59th percentile among comparable filings

Growth

  • Program expense growth: 36.3% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 35.5% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 34.2% per year; rating input score 100; 97th percentile among comparable filings

Details

  • Where the money goes: 64.8% of revenue deployed · 89.4% of spending went to programs
  • Governance: 4 of 4 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $6.6M in reported program spending
  • Leadership: top reported pay $93K · 8 people listed
  • Highest-paid contractors: 2 contractors listed · $360K reported
  • Consistency: 33 of 35 current checks pass · 2 findings to review
  • Schedules: 7 filed schedules · includes grants
  • Filing history: 8 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 58 filed money-flow records
  • Related organizations: 54 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Transparency & Controls: Grant itemization coverage scored 36/100.
  • High — Financial Efficiency: Fundraising efficiency scored 8/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 59/100.