ECONOMIC MOBILITY PATHWAYS INC

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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

1961

Legal Domicile

Principal Officer

KIM JANEY

Phone

6172592953

Tax Period

2023-07-01 to 2024-06-30

ECONOMIC MOBILITY PATHWAYS INC, founded in 1961, is a mid-sized nonprofit in the Health Care sector that reported $16.2M in total revenue in fiscal year 2023.

Mission

EMPATH COMBINES DIRECT SERVICE PROGRAMS, INDEPENDENT RESEARCH, AND PUBLIC POLICY ADVOCACY IN ITS MISSION TO TRANSFORM LIVES BY HELPING PEOPLE MOVE OUT OF POVERTY AND PROVIDES THE TOOLS FOR OTHER INSTITUTIONS TO SYSTEMATICALLY DO THE SAME.

Program Service Accomplishments

Program 1

Expenses: $8,990,176 Revenue: $10,439,658

EMPATHS HOUSING AND STABILIZATION PROGRAMS SERVED 969 PEOPLE, INCLUDING 404 FAMILIES IN FY24. THESE PROGRAMS INCLUDE EMERGENCY SHELTER FOR HOMELESS FAMILIES AND SUPPORTIVE HOUSING SERVICES FOR...

EMPATHS HOUSING AND STABILIZATION PROGRAMS SERVED 969 PEOPLE, INCLUDING 404 FAMILIES IN FY24. THESE PROGRAMS INCLUDE EMERGENCY SHELTER FOR HOMELESS FAMILIES AND SUPPORTIVE HOUSING SERVICES FOR FORMERLY HOMELESS FAMILIES LIVING IN PERMANENT HOUSING. EMPATH IS ONE OF THE LARGEST PROVIDERS OF EMERGENCY HOUSING IN MASSACHUSETTS,OPERATING 160 UNITS. EMPATHS HOUSING AND STABILIZATION PROGRAMS PROVIDE INTENSIVE EDUCATION AND CASE MANAGEMENT TO HELP FAMILIES STABILIZE AND GAIN SKILLS AND CONFIDENCE NECESSARY TO ACHIEVE ECONOMIC INDEPENDENCE.

Program 2

Expenses: $3,511,914 Revenue: $1,185,962

EMPATHS MOBILITY MENTORING SERVICES PROVIDE LOW-INCOME WOMEN AN OPPORTUNITY TO DEVELOP THE SKILLS, KNOWLEDGE AND STRATEGIES NECESSARY TO ACHIEVE ECONOMIC SELF-SUFFICIENCY. THE MOBILITY MENTORING...

EMPATHS MOBILITY MENTORING SERVICES PROVIDE LOW-INCOME WOMEN AN OPPORTUNITY TO DEVELOP THE SKILLS, KNOWLEDGE AND STRATEGIES NECESSARY TO ACHIEVE ECONOMIC SELF-SUFFICIENCY. THE MOBILITY MENTORING SERVICES PROGRAMS GROUND THEIR TRAINING IN THE FIVE PILLARS OF EMPATHS BRIDGE TO SELF SUFFICIENCY(TM): FAMILY STABILITY, WELL-BEING, EDUCATION AND TRAINING, FINANCIAL MANAGEMENT, AND EMPLOYMENT AND CAREER MANAGEMENT. DURING FY24, WE SERVED APPROXIMATELY 391 INDIVIDUALS ACROSS OUR MOBILITY MENTORING PROGRAMS. IN THE MOST INTENSIVE MOBILITY PROGRAM, 96% OF PARTICIPANTS WHO GRADUATED FROM THE PROGRAM SHOWED AN INCREASE TO THEIR INCOME.

Program 3

Expenses: $1,103,234 Revenue: $817,517

THE ECONOMIC MOBILITY EXCHANGE IS A MEMBERSHIP-BASED NETWORK COMPRISED OF NONPROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES LEARNING TOGETHER ABOUT EMPATHS MOBILITY MENTORING MODEL. THROUGH TRAINING...

THE ECONOMIC MOBILITY EXCHANGE IS A MEMBERSHIP-BASED NETWORK COMPRISED OF NONPROFIT ORGANIZATIONS AND GOVERNMENT AGENCIES LEARNING TOGETHER ABOUT EMPATHS MOBILITY MENTORING MODEL. THROUGH TRAINING, WEBINARS, TECHNICAL ASSISTANCE, AND ONLINE RESOURCE PORTAL, THE NETWORK CAPTURES AND SHARES BACK INNOVATIVE WAYS IN WHICH MEMBERS EVOLVE AND ADAPT THE MODEL AND TOOLS, SHARING BEST PRACTICES TO MOST EFFICIENTLY SUPPORT PEOPLE IN THEIR JOURNEY TO FULL ECONOMIC SELF-SUFFICIENCY. IN FY24, THERE WERE OVER 6,000 INDIVIDUALS TRAINED BY THE ECONOMIC MOBILITY EXCHANGE. SINCE 2014, OVER 400,000 INDIVIDUALS HAVE BEEN SERVED.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,238,028

Program Service Revenue $12,785,729

Investment Income $182,980

Other Revenue $-38,652

TOTAL REVENUE $16,168,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,807,305

Fundraising Expenses $627,706

Program Expenses $14,828,310

Other Expenses $7,238,291

TOTAL EXPENSES $17,045,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,168,085	$15,034,934	+0.1%
Expenses	$17,045,596	$16,246,318	+0.0%
Net Income	$-877,511	$-1,211,384	-0.3%

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

Governance

Voting Members

Independent Members

Employees

156

Volunteers

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

$468,859

Total Directors

$277,107

Key Employees

$405,716

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM JANEY	PRESIDENT & CEO	36.00	Officer Director	$268,889	$8,218	$277,107
MARY COLEMAN	SENIOR VP & COO	36.00	Key Emp	$202,017	$9,702	$211,719
RICHARD GAIR	CFO	36.00	Officer	$182,074	$9,678	$191,752
RUTH LIBERMAN	VICE PRESIDENT	36.00	Key Emp	$171,434	$22,563	$193,997
ASHLEY WINNING	VICE PRESIDENT	36.00	Highest	$131,486	$22,372	$153,858
NICOLE RUIZ DE LUZURIAGA	VICE PRESIDENT	36.00	Highest	$131,734	$22,023	$153,757
CYNTHIA GURA WALLING	ASSISTANT VICE PRESIDENT	36.00	Highest	$138,215	$12,073	$150,288
JENNIFER LOWE	VICE PRESIDENT	36.00	Highest	$136,323	$9,433	$145,756
MILENA GOSTANIAN	ASSISTANT VICE PRESIDENT	36.00	Highest	$122,879	$22,299	$145,178
D'ARCY GOLDMAN	CHAIR	1.00	Officer Director	$0	$0	$0
PAMELA MURRAY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER GAUDET	TREASURER	1.00	Officer Director	$0	$0	$0
SHARON NILES	CLERK	1.00	Officer Director	$0	$0	$0
STEVEN ARGENTIERI	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN CASEY	DIRECTOR	1.00	Director	$0	$0	$0
MARY CHURCHILL	DIRECTOR	1.00	Director	$0	$0	$0
KATHARINE DELANEY	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE GARRETT-STEARNS	DIRECTOR	1.00	Director	$0	$0	$0
DONNA JEFFERS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM MANTZOUKAS	DIRECTOR	1.00	Director	$0	$0	$0
ALISTER MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA MULLIN	DIRECTOR	1.00	Director	$0	$0	$0
ROB REILLY	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA TANSEY	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD WALKER	DIRECTOR	1.00	Director	$0	$0	$0
LASHAUNA WALKER	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	No data	No data	No data	No data
2024	$16,168,085	$17,045,596	$15,436,394	$-877,511
2023	$15,034,934	$16,246,318	$15,739,782	$-1,211,384
2022	$13,825,629	$14,509,662	$13,381,545	$-684,033
2021	$17,188,156	$13,071,408	$15,940,254	$4,116,748