PATHNORTH INC

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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

2007

Legal Domicile

Principal Officer

J DOUGLAS HOLLADAY

Phone

2024672079

Tax Period

2024-01-01 to 2024-12-31

PATHNORTH INC, founded in 2007, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 34% operating deficit.

Mission

TO ASSIST BUSINESS OWNERS, CEOS AND THOSE IN COMPARABLE POSITIONS OF RESPONSIBILTY, TO BROADEN THEIR DEFINITIONS OF SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $1,514,063 Revenue: $391,771

PATHNORTH OFFERS A COMBINATION OF SALONS, REGIONAL MEETINGS, AN ANNUAL CONFERENCE AND INTERNATIONAL EXPERIENCES TO IMPACT AND INSPIRE OUR MEMBERS BASED ON THE FOLLOWING PRINCIPLES:1)LIFE IS BEST...

PATHNORTH OFFERS A COMBINATION OF SALONS, REGIONAL MEETINGS, AN ANNUAL CONFERENCE AND INTERNATIONAL EXPERIENCES TO IMPACT AND INSPIRE OUR MEMBERS BASED ON THE FOLLOWING PRINCIPLES:1)LIFE IS BEST LIVED AND UNDERSTOOD HOLISTICALLY WHERE ALL ASPECTS OF OUR EXISTENCE WEAVE TOGETHER IN AN INTEGRATED FASHION AND CONTRIBUTE TO OUR OVERALL SENSE OF WELL-BEING AND PURPOSE.2)HEALTHY RELATIONSHIPS MAKE PROFESSIONAL AND PERSONAL LIFE TRULY RICH AND SATISFYING. THINGS, WHILE VALUABLE AND USEFUL, CAN NEVER BE AN ADEQUATE SUBSTITUTE FOR THE MEANING WE FIND IN OUR INTERACTION WITH OTHERS.3) PERSONAL STORIES ARE THE CENTRAL MEANS TO INSPIRE AND INSTRUCT.

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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 $911,452

Program Service Revenue $391,514

Investment Income $26,395

Other Revenue $257

TOTAL REVENUE $1,329,618

Expense Breakdown

Grants Paid $0

Salaries & Benefits $699,975

Fundraising Expenses $53,436

Program Expenses $1,514,063

Other Expenses $1,081,274

TOTAL EXPENSES $1,781,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,329,618	$1,534,443	-0.1%
Expenses	$1,781,249	$1,727,346	+0.0%
Net Income	$-451,631	$-192,903	+1.3%

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

$422,600

Total Directors

$313,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J DOUGLAS HOLLADAY	PRESIDENT & CEO	40.00	Officer Director	$276,311	$37,289	$313,600
BOB WOODY	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
BROCK WEATHERUP	DIRECTOR	0.50	Director	$0	$0	$0
NANCY REX	DIRECTOR	0.50	Director	$0	$0	$0
BRAD REX	DIRECTOR	0.50	Director	$0	$0	$0
DALE JONES	DIRECTOR	0.50	Director	$0	$0	$0
JOHN DALTON	DIRECTOR	0.50	Director	$0	$0	$0
CYNTHIA BUTZ	DIRECTOR	0.50	Director	$0	$0	$0
JIM BUTZ	DIRECTOR	0.50	Director	$0	$0	$0
DON BIELINSKI	DIRECTOR	0.50	Director	$0	$0	$0
ADEETI GUPTA	DIRECTOR	0.50	Director	$0	$0	$0
DAVID SANCHEZ	DIRECTOR	0.50	Director	$0	$0	$0
JOHN RIGSBY	DIRECTOR	0.50	Director	$0	$0	$0
MELANIE HORSFORD	COO	40.00	Officer	$97,845	$11,155	$109,000

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	$1,329,618	$1,781,249	$327,969	$-451,631
2023	$1,534,443	$1,727,346	$907,863	$-192,903
2022	$1,878,435	$1,382,083	$681,739	$496,352
2021	$946,873	$1,013,386	$170,941	$-66,513
2020	$890,689	$972,462	$221,655	$-81,773
2019	$1,318,362	$1,253,622	$262,694	$64,740
2018	$1,203,455	$1,389,953	$208,442	$-186,498