GRANITE PATHWAYS (EIN 270327352) - 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

CHRISTINE MCMAHON

Phone

6036655665

Tax Period

2023-10-01 to 2024-09-30

GRANITE PATHWAYS, founded in 2009, is a community nonprofit in the Mental Health sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

WE CREATE OPPORTUNITIES FOR INDIVIDUALS & FAMILIES TO ACHIEVE HEALTH & SOCIOECONOMIC WELL-BEING.

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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 $58,897

Program Service Revenue $1,871,016

Investment Income $0

Other Revenue $700

TOTAL REVENUE $1,930,613

Expense Breakdown

Grants Paid $83,018

Salaries & Benefits $1,281,162

Fundraising Expenses $11

Program Expenses $1,452,421

Other Expenses $636,474

TOTAL EXPENSES $2,000,654

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,930,613	$1,549,452	+0.2%
Expenses	$2,000,654	$1,574,718	+0.3%
Net Income	$-70,041	$-25,266	+1.8%

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

$1,502,023

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNNE A WESTAWAY	TREASURER	1.00	Officer Director	$0	$0	$0
NICK BRATTAN	CHAIR	1.00	Officer Director	$0	$0	$0
PETER BURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
CASSANDRA DURAND	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICK LONG	BOARD MEMBER (AS OF 04/2024)	1.00	Director	$0	$0	$0
WILLIAM RIDER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES SWEENEY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE TURCOTT	BOARD MEMBER (AS OF 02/2024)	1.00	Director	$0	$0	$0
CHRISTINE MCMAHON	PRESIDENT & CEO OF FEDCAP	1.00	Officer	$0	$151,561	$891,927
CAROL KHOURY	CFO OF FEDCAP	1.00	Officer	$0	$8,517	$347,921
KENNETH BREZENOFF	GEN COUNSEL & VP STRAT INI	1.00	Officer	$0	$18,802	$262,175
ERICA UNGARELLI	EXECUTIVE DIRECTOR	1.00	Highest	$0	$787	$110,925

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	$1,930,613	$2,000,654	$282,293	$-70,041
2023	$1,549,452	$1,574,718	$469,829	$-25,266
2022	$1,578,009	$1,728,735	$1,134,444	$-150,726
2021	$2,426,386	$2,680,135	$1,442,781	$-253,749
2020	$3,828,619	$4,304,618	$1,764,260	$-475,999
2019	$4,389,594	$5,325,135	$2,023,129	$-935,541
2018	$1,323,874	$1,447,850	$802,700	$-123,976

GRANITE PATHWAYS