PATHWAYS INC (EIN 161089007) - 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

1979

Legal Domicile

Principal Officer

JOSEPH CEVETTE

Phone

6079373200

Tax Period

2024-01-01 to 2024-12-31

PATHWAYS INC, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $37.6M in total revenue in fiscal year 2024. Expenses of $34.9M left a modest 7% surplus.

Mission

TO PROVIDE SERVICES TO INDIVIDUALS AND FAMILIES THROUGH RESIDENTIAL, DAY HABILITATION, FAMILY SUPPORT, CHILD CARE, HOME SERVICE AND RESPITE PROGRAMS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,670,362

Program Service Revenue $29,499,653

Investment Income $1,303,931

Other Revenue $173,769

TOTAL REVENUE $37,647,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,145,050

Fundraising Expenses $0

Program Expenses $30,653,505

Other Expenses $6,782,499

TOTAL EXPENSES $34,927,549

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,647,715	$37,467,111	+0.0%
Expenses	$34,927,549	$37,020,349	-0.1%
Net Income	$2,720,166	$446,762	+5.1%

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

779

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

$319,789

Total Directors

$319,789

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH CEVETTE	PRESIDENT/CEO	37.50	Officer Director	$264,350	$55,439	$319,789
CINDY A PUGH-WILLIAMS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SANDY BAUER	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SHELBY BIERWILER	TREASURER	1.00	Officer Director	$0	$0	$0
MARC HAMPLE	SECRETARY	1.00	Officer Director	$0	$0	$0
ROSS PERRY	DIRECTOR	1.00	Director	$0	$0	$0
ED LINSLER	DIRECTOR	1.00	Director	$0	$0	$0
COLEEN FABRIZI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTA STELMACK	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM AGAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SIMONDS	CHIEF OPERATING OFFICER	37.50	Highest	$166,730	$49,314	$216,044
SHANNON MATTESON	CHIEF FINANCIAL OFFICER	37.50	Highest	$131,709	$29,514	$161,223
KRYSTAL KINNEY	CHIEF HUMAN RESOURCES OFFI	37.50	Highest	$115,432	$42,093	$157,525

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
2024	$37,647,715	$34,927,549	$36,822,529	$2,720,166
2023	$37,467,111	$37,020,349	$34,275,779	$446,762
2022	$37,022,230	$35,787,737	$32,950,689	$1,234,493
2021	$34,398,710	$31,893,832	$32,469,047	$2,504,878
2020	$33,878,264	$32,969,423	$30,213,012	$908,841
2019	$34,120,002	$32,419,875	$28,890,236	$1,700,127
2018	$31,917,509	$30,326,862	$26,360,470	$1,590,647

PATHWAYS INC