PATH HOUSING ASSOCIATES INC (EIN 222533230) - 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

1984

Legal Domicile

Principal Officer

ELIZABETH ANDL-PETKOV

Phone

2157284599

Tax Period

2024-07-01 to 2025-06-30

PATH HOUSING ASSOCIATES INC, founded in 1984, is a small nonprofit that reported $307K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $290K left a modest 5% surplus.

Mission

PROVIDING HOUSING TO ASSIST ELDERLY AND INDIVIDUALS WITH DISABILITIES WITH THEIR SPECIFIC NEEDS.

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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 $0

Program Service Revenue $302,758

Investment Income $4,380

Other Revenue $0

TOTAL REVENUE $307,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,822

Fundraising Expenses $0

Program Expenses $254,134

Other Expenses $201,620

TOTAL EXPENSES $290,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$307,138	$326,003	-0.1%
Expenses	$290,442	$196,417	+0.5%
Net Income	$16,696	$129,586	-0.9%

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

$523,472

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD NEWMAN	CHAIRPERSON	0.75	Officer Director	$0	$0	$0
DOROTHY LYNCH	VICE CHAIRPERSON	0.75	Officer Director	$0	$0	$0
JEFF BROWN	TREASURER	0.75	Officer Director	$0	$0	$0
MARYANN PARROTTI	SECRETARY	0.75	Officer Director	$0	$0	$0
VERONICA BASHIR	DIRECTOR	0.75	Director	$0	$0	$0
CHEREE BIRCH	DIRECTOR	0.75	Director	$0	$0	$0
HELEN WIGGINS	DIRECTOR	0.75	Director	$0	$0	$0
ELIZABETH ANDL PETKOV	PRESIDENT & CEO	0.75	Officer	$0	$66,759	$523,472

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	$307,138	$290,442	$491,819	$16,696
2024	$326,003	$196,417	$503,518	$129,586
2023	$289,565	$335,563	$416,806	$-45,998
2022	$269,567	$231,855	$291,614	$37,712
2021	$275,676	$230,016	$312,486	$45,660
2020	$260,921	$235,620	$277,460	$25,301
2019	$281,225	$255,201	$284,594	$26,024
2018	$283,788	$236,994	$273,111	$46,794

PATH HOUSING ASSOCIATES INC