SERENITY PATH INC

EIN: 272800509 501(c)(3)

PAYNESVILLE, MN

Total Revenue
$239,986
Total Expenses
$171,642
Total Assets
N/A
Net Assets
N/A
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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
MN
Principal Officer
LARRY STRATE
Phone
3202506775
Tax Period
2022-01-01 to 2022-12-31

SERENITY PATH INC, founded in 2010, is a small nonprofit that reported $240K in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $68K, a strong 28% operating margin.

Mission

TO OFFER OUTPATIENT CHEMICAL DEPENDENCY TREATMENT SERVICES FOR THOSE SUFFERING FROM ADDICTION.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $48,340
Investment Income $191,646
Other Revenue $0
TOTAL REVENUE $239,986

Expense Breakdown

Grants Paid $0
Salaries & Benefits $66,542
Fundraising Expenses $0
Program Expenses $149,019
Other Expenses $105,100
TOTAL EXPENSES $171,642

Year-over-Year Comparison

2022 2021 Change
Revenue $239,986 $265,572 -0.1%
Expenses $171,642 $262,809 -0.3%
Net Income $68,344 $2,763 +23.7%
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

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Governance

Voting Members
2
Independent Members
2
Employees
5
Volunteers
N/A

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
2
$7,294
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELLY SPELDRICH Treasurer 40.00
Officer
$7,294 $0 $7,294
LARRY STRATE President 1.00
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
2022 $239,986 $171,642 No data $68,344
2021 $265,572 $262,809 $199,668 $2,763
2020 $401,668 $365,484 $240,681 $36,184
2019 $276,762 $354,236 $189,858 $-77,474
2018 $386,323 $429,582 $256,672 $-43,259
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