PATH VENTURES (EIN 201892523) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2022

Legal Domicile

Phone

3236711300

Tax Period

2023-01-01 to 2023-12-31

PATH VENTURES, founded in 2022, is a community nonprofit in the Housing & Shelter sector that reported $8.6M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 33% operating margin.

Mission

TO IMPROVE INDIVIDUAL LIVES AND COMMUNITIES BY INCREASING QUALITY AFFORDABLE HOUSING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,009,987

Program Service Revenue $5,569,799

Investment Income $-1,805,235

Other Revenue $-124,636

TOTAL REVENUE $8,649,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,503,308

Fundraising Expenses $36,994

Program Expenses $4,747,292

Other Expenses $3,282,781

TOTAL EXPENSES $5,786,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,649,915	$7,143,035	+0.2%
Expenses	$5,786,089	$3,032,491	+0.9%
Net Income	$2,863,826	$4,110,544	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$1,575,866

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER HARK-DIEtZ	President	4.00	Officer	$0	$45,271	$423,702
JOEL ROBERTS	CEO	40.00	Officer	$346,509	$36,759	$383,268
SARAH KOLISH	COO	4.00	Officer	$48,424	$46,541	$286,545
SANDY OLUWEK	CFO	4.00	Officer	$69,690	$33,110	$266,494
ANTHONY BAHAMONDES	SR DIR OF HSG	40.00	Officer	$190,391	$25,466	$215,857
LILIAN NAJARRO	sr dir of finance	40.00		$146,669	$24,304	$170,973
SHIHENG GUAN	PROJECT MANAGER	40.00		$114,377	$10,126	$124,503
MICHAEL BUSSE	PROJECT DIRECTOR	40.00		$110,915	$12,616	$123,531
CYNTHIA WONG	PROJECT DIRECTOR	40.00		$110,758	$12,535	$123,293
MICHAEL LANZA	PROJECT DIRECTOR	40.00		$106,378	$13,192	$119,570
BRIAN TUCKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
EILEEN DARDICK	Secretary	1.00	Officer Director	$0	$0	$0
SHANE GOLDSMITH	CHAIR	1.00	Officer Director	$0	$0	$0
KAREN KURTZMAN	Treasurer	1.00	Officer Director	$0	$0	$0
JANE BLUMENFELD	RECORDING SEC	1.00	Officer Director	$0	$0	$0
PERLA ESTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY KAISER	BOARD MEMBER	1.00	Director	$0	$0	$0
LESLIE LAMBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN NAGLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNICK HAMON	BOARD MEMBER	1.00	Director	$0	$0	$0
Sandeep Patel	BOARD MEMBER	1.00	Director	$0	$0	$0
Clair Orr	FOUNDER	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
2024	No data	No data	No data	No data
2023	$8,649,915	$5,786,089	$89,891,977	$2,863,826
2022	$7,143,035	$3,032,491	$70,954,460	$4,110,544
2021	$15,210,741	$3,597,565	$64,611,067	$11,613,176
2021	$15,210,741	$3,597,565	$64,611,067	$11,613,176
2020	$2,452,523	$1,379,372	$68,373,929	$1,073,151
2019	$4,016,725	$1,650,900	$31,752,072	$2,365,825
2018	$5,473,150	$2,813,598	$22,515,570	$2,659,552

PATH VENTURES