COREPATH DBA CORPATH

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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

2010

Legal Domicile

Principal Officer

ELLEN ANREDER

Phone

8185917480

Tax Period

2024-01-01 to 2024-12-31

COREPATH DBA CORPATH, founded in 2010, is a small nonprofit in the Mutual Benefit sector that reported $963K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $333K, a strong 35% operating margin.

Mission

COREPATH IS A JOINT LABOR-MANAGEMENT COMMITTEE FORMED UNDER SECTION 302(C)(9) OF THE LABOR-MANAGEMENT RELATIONS ACT. IT IS AN ALLIANCE OF TRUSTEES CONSULTANTS, ASSET MANAGERS, ADMINISTRATORS, ELECTED OFFICIALS AND OTHER PROFESSIONALS WHO OVERSEE PENSION ASSETS AND GUARANTEED LIFETIME INCOME ACCOUNTS FOR THE BENEFIT OF WORKING MEN AND WOMEN. TOGETHER THE ALLIANCE WORKS TO PROMOTE AND ENSURE THE FUTURE SURVIVAL OF SUCH PENSION PLANS.

Program Service Accomplishments

Program 1

COREPATH DOES NOT PERFORM ANY SERVICES FOR ITS MEMBERS DIRECTLY. ITS MAIN OBJECTIVE IS TO HOST CONFERENCES TO BRING INDUSTRY LEADERS, UNIONS AND SERVICE PROVIDERS TOGETHER TO PROMOTE AND ENSURE THE...

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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 $915,240

Investment Income $47,365

Other Revenue $0

TOTAL REVENUE $962,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $629,860

TOTAL EXPENSES $629,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$962,605	$787,821	+0.2%
Expenses	$629,860	$531,326	+0.2%
Net Income	$332,745	$256,495	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL ROMSTADT	Director	2.00	Director	$0	$0	$0
JACQUES LOVEALL	Chairman	2.00	Officer	$0	$0	$0
ELLEN ANREDER	CFO	2.00	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
2024	$962,605	$629,860	$4,480,425	$332,745
2023	$787,821	$531,326	$4,147,680	$256,495
2022	$784,618	$455,549	$3,891,185	$329,069
2021	$827,179	$282,415	$3,562,116	$544,764
2020	$615,194	$222,549	$3,017,352	$392,645
2019	$714,304	$321,352	$2,624,707	$392,952
2018	$749,629	$257,926	$2,231,755	$491,703