PATHWAYS ADULT EDUCATION & TRAINING INC

EIN: 042679573 501(c)(3)

LYNN, MA

Total Revenue
$1,730,365
Total Expenses
$1,506,632
Total Assets
$2,089,708
Net Assets
$1,366,460
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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
1979
Legal Domicile
MA
Principal Officer
JOSHUA SHEPHERD
Phone
7815998543
Tax Period
2024-07-01 to 2025-06-30

PATHWAYS ADULT EDUCATION & TRAINING INC, founded in 1979, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $1.5M left a modest 13% surplus.

Mission

TO PROVIDE A SUPPORTIVE EDUCATIONAL ENVIRONMENT FOR ADULT LEARNERS FROM THE GREATER LYNN AREA, PROVIDE OPPORTUNITIES FOR NON-NATIVE ENGLISH SPEAKERS TO LEARN ENGLISH AND IMPROVE THEIR ENGLISH LANGUAGE ARTS (CONTINUED ON SCH O)

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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 $1,621,389
Program Service Revenue $64,780
Investment Income $35,457
Other Revenue $8,739
TOTAL REVENUE $1,730,365

Expense Breakdown

Grants Paid $11,656
Salaries & Benefits $1,199,412
Fundraising Expenses $20,529
Program Expenses $1,340,175
Other Expenses $295,564
TOTAL EXPENSES $1,506,632

Year-over-Year Comparison

2024 2023 Change
Revenue $1,730,365 $2,215,841 -0.2%
Expenses $1,506,632 $1,150,421 +0.3%
Net Income $223,733 $1,065,420 -0.8%
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
8
Independent Members
8
Employees
36
Volunteers
50

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
5
$101,994
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSHUA SHEPHERD EXECUTIVE DI 40.00
Officer
$98,594 $3,400 $101,994
JOSEPH PHILLIPS CHAIR & PRES 2.00
Officer Director
$0 $0 $0
BAWA WAVEZWA TREASURER 2.00
Officer Director
$0 $0 $0
GINA FREY SECRETARY 2.00
Officer Director
$0 $0 $0
MARJIE CROSBY VICE PRESIDE 2.00
Officer Director
$0 $0 $0
THELMA RILEY DIRECTOR 2.00
Director
$0 $0 $0
KAY LAWLOR DIRECTOR 2.00
Director
$0 $0 $0
JOHN HOWARD DIRECTOR 2.00
Director
$0 $0 $0
EDWARDO CACERERS DIRECTOR 2.00
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 $1,730,365 $1,506,632 $2,089,708 $223,733
2024 $2,215,841 $1,150,421 $1,339,267 $1,065,420
2023 $1,113,746 $1,240,371 $232,335 $-126,625
2022 $1,232,097 $1,192,624 $228,479 $39,473
2021 $1,077,539 $1,051,471 $193,217 $26,068
2020 $1,081,902 $1,098,055 $207,193 $-16,153
2019 $1,093,402 $1,033,170 $253,343 $60,232
2018 $1,039,700 $879,644 $154,381 $160,056
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