GARDEN PATH ELDER LIVING INC

EIN: 030179416 501(c)(3) Human Services

BRATTLEBORO, VT

Total Revenue
$2,614,333
Total Expenses
$2,877,016
Total Assets
$7,347,854
Net Assets
$2,614,218
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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
1892
Legal Domicile
VT
Principal Officer
Lee Madden
Phone
8022544155
Tax Period
2024-05-01 to 2025-04-30

GARDEN PATH ELDER LIVING INC, founded in 1892, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

Garden Path Elder Living operates a residential care home for elders that provide assistance with daily living and nursing oversight.

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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 $120,394
Program Service Revenue $2,502,577
Investment Income $20,942
Other Revenue $-29,580
TOTAL REVENUE $2,614,333

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,643,040
Fundraising Expenses $19,524
Program Expenses $2,607,992
Other Expenses $1,233,976
TOTAL EXPENSES $2,877,016

Year-over-Year Comparison

2024 2023 Change
Revenue $2,614,333 $3,879,872 -0.3%
Expenses $2,877,016 $2,924,790 0.0%
Net Income $-262,683 $955,082 -1.3%
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
10
Independent Members
10
Employees
54
Volunteers
20

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
3
$101,479
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Robert Crego Executive Dir. 40.00
Officer
$94,879 $6,600 $101,479
Cheryl Bedard Director 1.00
Director
$0 $0 $0
Phil George Director 1.00
Director
$0 $0 $0
Katherine Cummings Director 1.00
Director
$0 $0 $0
Jean H Hodsden Director 1.00
Director
$0 $0 $0
Margaret Lewis Secretary 1.00
Officer Director
$0 $0 $0
Lee Madden President 1.00
Officer Director
$0 $0 $0
Bonnie McKellar Director 1.00
Director
$0 $0 $0
Johanna Murphy Director 1.00
Director
$0 $0 $0
Cindy Pearson Director 1.00
Director
$0 $0 $0
Kelli Warriner Director 1.00
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
2025 $2,614,333 $2,877,016 $7,347,854 $-262,683
2024 $3,879,872 $2,924,790 $7,712,127 $955,082
2023 $2,286,909 $3,064,481 $7,038,700 $-777,572
2022 $4,042,254 $3,844,379 $7,882,998 $197,875
2021 $2,982,160 $3,552,186 $7,872,560 $-570,026
2020 $3,008,406 $3,401,851 $7,971,845 $-393,445
2019 $3,506,223 $3,056,117 $8,341,221 $450,106
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