INDEPENDENT PATHS TO LEARNING INC (EIN 043692973) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

MICHELE BLAISDELL

Phone

7075856510

Tax Period

2022-07-01 to 2023-06-30

INDEPENDENT PATHS TO LEARNING INC, founded in 2002, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2022.

Mission

TO PROVIDE AN INDIVIDUALIZED, HOME-BASED, INDEPENDENT STUDY AND EDUCATIONAL OPTION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,425,897

Program Service Revenue $0

Investment Income $5,018

Other Revenue $0

TOTAL REVENUE $4,430,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,223,566

Fundraising Expenses $0

Program Expenses $3,969,227

Other Expenses $1,127,084

TOTAL EXPENSES $4,350,650

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,430,915	$4,497,205	0.0%
Expenses	$4,350,650	$4,521,281	0.0%
Net Income	$80,265	$-24,076	-4.3%

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

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

$91,715

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN WILSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIA PERALTA	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KAREN PERRY-ERDMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER CALDWELL	DIRECTOR	1.00	Director	$0	$0	$0
KEGAN DONLAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE BLAISDELL	EXECUTIVE DI	40.00	Officer	$82,682	$9,033	$91,715

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	No data	No data	No data	No data
2023	$4,430,915	$4,350,650	$3,888,604	$80,265
2022	$4,497,205	$4,521,281	$2,636,154	$-24,076
2021	$4,969,246	$4,046,672	$2,386,470	$922,574
2020	$4,195,628	$3,998,926	$1,863,579	$196,702
2019	$4,278,389	$3,831,971	$981,816	$446,418
2018	$4,025,210	$3,850,048	$636,089	$175,162

INDEPENDENT PATHS TO LEARNING INC