Another Way Inc
Another Way Inc: Consistent Revenue, High Program Spending, and Strong Liquidity
EIN: 222839802 · Montpelier, VT · NTEE: Z99Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $749K |
| Total Expenses | $592K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $363K |
| Transparency Score | 85/100 |
Is Another Way Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Another Way Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Another Way Inc
Another Way Inc (EIN: 222839802) is a nonprofit organization based in Montpelier, VT, classified under NTEE code Z99Z. The organization reported total revenue of $749K and total assets of $834K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Another Way Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Another Way Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $627K |
| Total Expenses | $592K |
| Surplus / Deficit | +$35K |
| Total Assets | $573K |
| Total Liabilities | $210K |
| Net Assets | $363K |
| Operating Margin | 5.5% |
| Debt-to-Asset Ratio | 36.7% |
| Months of Reserves | 11.6 months |
Financial Health Grade: A
In 2023, Another Way Inc reported a surplus of $35K with revenue exceeding expenses, holds 11.6 months of operating reserves (strong position), has a debt-to-asset ratio of 36.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Another Way Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.3% | +32.4% | +10.6% |
| 2022 | -5.2% | +8.3% | -9.6% |
| 2021 | -3.5% | -4.9% | +3.0% |
| 2020 | -12.8% | -2.5% | +1.8% |
| 2019 | +4.6% | -0.3% | +26.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Another Way Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Another Way Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
- Debt-to-asset ratio: 36.7%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or that compensation is handled through a separate entity not disclosed in these filings.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Another Way Inc's IRS 990 filings:
- The consistent reporting of $0 for executive compensation across multiple years could indicate a lack of transparency if key personnel are compensated through related organizations or other means not reflected in the 990.
Strengths
The following positive indicators were identified for Another Way Inc:
- High percentage of expenses consistently allocated to programs (e.g., 85% in 2023 based on r626861 and x592334).
- Strong liquidity with assets significantly exceeding liabilities (e.g., $572,977 in assets vs. $210,455 in liabilities in 2023).
- Consistent revenue generation over several years, demonstrating financial stability.
- Low administrative and fundraising costs, maximizing impact per dollar.
Frequently Asked Questions about Another Way Inc
Is Another Way Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Another Way Inc (EIN: 222839802) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Another Way Inc spend its money?
Another Way Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Another Way Inc tax-deductible?
Another Way Inc is registered as a tax-exempt nonprofit (EIN: 222839802). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Another Way Inc CEO make?
Another Way Inc's highest-compensated officer earns $0 annually. The organization reported $749K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Another Way Inc's spending goes to programs?
Another Way Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Another Way Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Another Way Inc is above average for NTEE category Z99Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Another Way Inc located?
Another Way Inc is headquartered in Montpelier, Vermont and files with the IRS under EIN 222839802. It is classified under NTEE code Z99Z.
How many years of IRS 990 filings does Another Way Inc have?
Another Way Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $749K in total revenue.
What does Another Way Inc do?
Another Way Inc is a nonprofit organization in the Unknown sector, located in Montpelier, Vermont. It is classified under NTEE code Z99Z.
How much revenue does Another Way Inc have?
Another Way Inc reported total revenue of $748,741. Based on 13 IRS 990 filings on record.
What are Another Way Inc's total assets?
Another Way Inc holds total assets of $834,014 as reported in IRS 990 filings.
Where is Another Way Inc located?
Another Way Inc is based in Montpelier, Vermont.
What is Another Way Inc's EIN?
Another Way Inc's Employer Identification Number (EIN) is 222839802. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Another Way Inc?
Another Way Inc is classified under NTEE code Z99Z (Unknown).
Is Another Way Inc a registered 501(c)(3)?
Yes, Another Way Inc is recognized as a tax-exempt organization by the IRS. EIN: 222839802.
Does Another Way Inc file IRS Form 990?
Yes, Another Way Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Another Way Inc's revenue in 2023?
In the 202306 filing period, Another Way Inc reported total revenue of $626,861, total expenses of $592,334, and net assets of $572,977.
Is Another Way Inc's revenue growing or declining?
Another Way Inc's revenue is growing. Revenue went from $403,716 (202206) to $626,861 (202306), a +55.3% change. Based on 13 filings on record.
What is Another Way Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Another Way Inc covers tax period 202306. It shows revenue of $626,861, expenses of $592,334, total assets of $572,977, and liabilities of $210,455.
How much does Another Way Inc spend on programs vs administration?
Based on IRS 990 analysis, Another Way Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Another Way Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Another Way Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Another Way Inc?
The following concerns were identified: The consistent reporting of $0 for executive compensation across multiple years could indicate a lack of transparency if key personnel are compensated through related organizations or other means not reflected in the 990.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Another Way Inc's strengths?
Positive indicators for Another Way Inc include: High percentage of expenses consistently allocated to programs (e.g., 85% in 2023 based on r626861 and x592334).. Strong liquidity with assets significantly exceeding liabilities (e.g., $572,977 in assets vs. $210,455 in liabilities in 2023).. Consistent revenue generation over several years, demonstrating financial stability.. Low administrative and fundraising costs, maximizing impact per dollar.. These findings are derived from AI analysis of the organization's financial filings.
How does Another Way Inc compensate executives?
Executive compensation is reported as $0 across all available filings, suggesting a volunteer-led organization or that compensation is handled through a separate entity not disclosed in these filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent $0 executive compensation, how does Another Way Inc attract and retain leadership, and what is the operational model that supports this structure?
The consistent $0 executive compensation suggests a strong reliance on volunteer leadership or a unique operational model where leadership roles are filled by individuals compensated through other means (e.g., government grants, partner organizations) or who are deeply committed to the mission without direct salary from the nonprofit. This model could be sustainable if there's a robust pool of dedicated volunteers or external funding for leadership roles.
With a significant portion of expenses dedicated to programs and a healthy asset-to-liability ratio, what specific impact metrics does Another Way Inc use to measure the effectiveness of its programs?
While the financial data indicates efficient spending, understanding the specific impact metrics (e.g., number of individuals served, outcomes achieved, community improvements) would provide a more complete picture of the organization's effectiveness beyond just financial health. This information would typically be found in annual reports or program evaluations.
Filing History
IRS 990 filing history for Another Way Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Another Way Inc's revenue has grown by 239.1%, moving from $185K to $627K. Total assets increased by 435.2% over the same period, from $107K to $573K. Total functional expenses rose by 241.1%, from $174K to $592K. In its most recent filing year (2023), Another Way Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $210K in liabilities against $573K in assets (debt-to-asset ratio: 36.7%), resulting in net assets of $363K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $627K | $592K | $573K | $210K | — | — |
| 2022 | $404K | $448K | $518K | $190K | — | View 990 |
| 2021 | $426K | $413K | $573K | $201K | — | View 990 |
| 2020 | $441K | $435K | $556K | $197K | — | — |
| 2019 | $507K | $446K | $546K | $194K | — | View 990 |
| 2018 | $484K | $447K | $431K | $138K | — | View 990 |
| 2017 | $485K | $483K | $319K | $63K | — | — |
| 2016 | $436K | $438K | $303K | $50K | — | View 990 |
| 2015 | $526K | $502K | $269K | $4K | — | View 990 |
| 2014 | $506K | $478K | $235K | $7K | — | View 990 |
| 2013 | $488K | $417K | $209K | $8K | — | View 990 |
| 2012 | $323K | $291K | $135K | $5K | — | View 990 |
| 2011 | $185K | $174K | $107K | $10K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $627K, expenses of $592K, and assets of $573K (revenue +55.3% year-over-year).
- 2022: Revenue of $404K, expenses of $448K, and assets of $518K (revenue -5.2% year-over-year).
- 2021: Revenue of $426K, expenses of $413K, and assets of $573K (revenue -3.5% year-over-year).
- 2020: Revenue of $441K, expenses of $435K, and assets of $556K (revenue -12.8% year-over-year).
- 2019: Revenue of $507K, expenses of $446K, and assets of $546K (revenue +4.6% year-over-year).
- 2018: Revenue of $484K, expenses of $447K, and assets of $431K (revenue -0.3% year-over-year).
- 2017: Revenue of $485K, expenses of $483K, and assets of $319K (revenue +11.4% year-over-year).
- 2016: Revenue of $436K, expenses of $438K, and assets of $303K (revenue -17.2% year-over-year).
- 2015: Revenue of $526K, expenses of $502K, and assets of $269K (revenue +4.0% year-over-year).
- 2014: Revenue of $506K, expenses of $478K, and assets of $235K (revenue +3.6% year-over-year).
- 2013: Revenue of $488K, expenses of $417K, and assets of $209K (revenue +51.1% year-over-year).
- 2012: Revenue of $323K, expenses of $291K, and assets of $135K (revenue +74.8% year-over-year).
- 2011: Revenue of $185K, expenses of $174K, and assets of $107K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Another Way Inc:
Data Sources and Methodology
This transparency report for Another Way Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.