PATHWAY ACADEMY INC (EIN 264717987) - 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

2009

Legal Domicile

Principal Officer

DANA TIPPIN CUTLER

Phone

8166217100

Tax Period

2018-07-01 to 2019-06-30

PATHWAY ACADEMY INC, founded in 2009, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2018. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 31% operating deficit.

Mission

THROUGH PERSEVERANCE, PERSONAL INVESTMENT, PRIDE AND RESPECT, PATHWAY ACADEMY WILL EXCEED ACADEMIC STANDARDS IN ORDER TO BE SUCCESSFUL IN THE MIDDLE SCHOOL, HIGH SCHOOL, AND UNIVERSITY OF THEIR CHOICE.

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,417,700

Program Service Revenue $75,059

Investment Income $12,603

Other Revenue $0

TOTAL REVENUE $2,505,362

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,636,282

Fundraising Expenses $0

Program Expenses $3,106,078

Other Expenses $1,652,598

TOTAL EXPENSES $3,288,880

Year-over-Year Comparison

	2018	2017	Change
Revenue	$2,505,362	$3,205,788	-0.2%
Expenses	$3,288,880	$4,378,987	-0.2%
Net Income	$-783,518	$-1,173,199	-0.3%

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

$98,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORBYN JONES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PATRICIA SCHUMACHER	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE MAUER	TREASURER	1.00	Officer Director	$0	$0	$0
KENTON SCHIELE	MEMBER	1.00	Director	$0	$0	$0
DANTE BOLDEN	CFO	40.00	Officer	$97,000	$1,000	$98,000
DANA TIPPIN CUTLER	CLOSING ATTO	N/A	Officer	$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
2019	$2,505,362	$3,288,880	$408,031	$-783,518

PATHWAY ACADEMY INC