PATHSTONE CORPORATION (EIN 161183242) - 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

Ruperto Montero

Phone

5855467180

Tax Period

2023-10-01 to 2024-09-30

PATHSTONE CORPORATION, founded in 1979, is a mid-sized nonprofit in the Housing & Shelter sector that reported $22.6M in total revenue in fiscal year 2023. Expenses of $25.0M exceeded revenue, resulting in a 10% operating deficit.

Mission

To develop high-quality affordable housing for low and moderate income families; to professionally manage the housing; to assist and encourage residents participation to ensure that developments offer a satisfying living environment; and to create communities that are assets to residents, the larger community, and the organization.

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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 $18,534,278

Program Service Revenue $4,129,844

Investment Income $-62,487

Other Revenue $0

TOTAL REVENUE $22,601,635

Expense Breakdown

Grants Paid $11,856,504

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,897,698

Other Expenses $13,117,932

TOTAL EXPENSES $24,974,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,601,635	$21,983,662	+0.0%
Expenses	$24,974,436	$23,458,321	+0.1%
Net Income	$-2,372,801	$-1,474,659	+0.6%

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

N/A

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

$1,664,479

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dirk Schneider	Chairperson	0.20	Officer Director	$0	$0	$0
Jean Lowe	Vice-Chairperson	0.20	Officer Director	$0	$0	$0
Kathleen Greeley	Director	0.20	Director	$0	$0	$0
Lindsay Mohr	Director	0.20	Director	$0	$0	$0
Miriam Zinter	Director	0.20	Director	$0	$0	$0
Patrick Tobin	Director	0.20	Director	$0	$0	$0
Phillip Borrelli Esq	Director	0.20	Director	$0	$0	$0
Serena Compitello	Director	0.20	Director	$0	$0	$0
Tim Norman	Director	0.20	Director	$0	$0	$0
Wilma Alejandro Ramirez	Director	0.20	Director	$0	$0	$0
Yvonne Thompson	Director	0.20	Director	$0	$0	$0
Alexander Castro	Senior Vice President	0.20	Officer	$0	$15,762	$272,513
Christina Brooks	VP for Property Management	0.20	Officer	$0	$26,343	$164,675
Jason Sackett	President	0.20	Officer	$0	$2,614	$142,008
Kathryn Bryan	VP and Assistant Treasurer	0.20	Officer	$0	$12,446	$194,753
Leslie W Kernan Jr	Secretary	0.20	Officer	$0	$6,136	$210,654
Maria Rodriguez-Collazo	Vice President	0.20	Officer	$0	$3,920	$134,585
Rosa Uriarte	Assistant Secretary	0.20	Officer	$0	$2,287	$78,510
Ruperto Montero	VP of Finance, Treasurer	0.20	Officer	$0	$15,863	$267,679
Susan Boss	VP for Housing	0.20	Officer	$0	$18,528	$199,102

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	$22,601,635	$24,974,436	$150,730,350	$-2,372,801
2023	$21,983,662	$23,458,321	$150,796,039	$-1,474,659
2022	$20,096,851	$20,588,813	$87,715,793	$-491,962
2021	$21,347,590	$20,806,376	$88,645,469	$541,214

PATHSTONE CORPORATION