THE NEW PATH 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

2000

Legal Domicile

Principal Officer

WILLIAM LUTZ

Phone

9376675375

Tax Period

2023-01-01 to 2023-12-31

THE NEW PATH INC, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

TO ASSIST FAMILIES AND INDIVIDUALS IN FINANCIAL CRISIS.

Program Service Accomplishments

Program 1

Expenses: $1,621,884

THE NEW PATH, INC. IS A FAITH-BASED ORGANIZATION THAT OFFERS MANY PROGRAMS OPERATED BY BOTH STAFF AND VOLUNTEER LEADERS, THE FOCUS OF OUR PROGRAMMING IS PROVIDING AFFORDABLE ALTERNATIVES TO BASIC...

THE NEW PATH, INC. IS A FAITH-BASED ORGANIZATION THAT OFFERS MANY PROGRAMS OPERATED BY BOTH STAFF AND VOLUNTEER LEADERS, THE FOCUS OF OUR PROGRAMMING IS PROVIDING AFFORDABLE ALTERNATIVES TO BASIC NEEDS FOR THOSE PEOPLE STRUGGLING ECONOMICALLY; AND A PATHWAY TO A MORE PROMISING LIFE ASSURED THROUGH BETTER EDUCATION, ACCESS TO TECHNOLOGY, STABLE HOUSING, AND SAFE NEIGHBORHOODS. IN ANY GIVEN YEAR, THE NEW PATH, INC. WILL SERVE 48,000 INDIVIDUALS THROUGHOUT MIAMI COUNTY, OHIO AND PORTIONS OF MONTGOMERY COUNTY, OHIO, AS WELL. THE FOOD PANTRY PROVIDES A BOX OF A VARIETY OF FOODS FOR FAMILIES ONCE A MONTH WHO MEET FEDERAL POVERTY INCOME GUIDELINES OR WHO ARE IN AN EMERGENCY CRISIS. THE FOOD PANTRY PROVIDED SERVICES TO INDIVIDUALS.

Program 2

RESALE SHOP FOR "GENTLY USED CLOTHING" TO PROVIDE CLOTHING AT NO COST FAMILIES IN EMERGENCY SITUATIONS AND GENERATE REVENUE TO SUPPORT ALL OF THE ORGANIZATIONS PROGRAMS. EACH HOUSEHOLD IN EMERGENCY...

Program 3

Expenses: $13,900

HOUSEHOLD GOOD PROVIDED TO FAMILIES IN EMERGENCY SITUATIONS. THE ORGANIZATION PROVIDED HOUSEHOLD GOODS TO INDIVIDUALS.

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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 $1,569,770

Program Service Revenue $0

Investment Income $-94

Other Revenue $344,282

TOTAL REVENUE $1,913,958

Expense Breakdown

Grants Paid $0

Salaries & Benefits $400,724

Fundraising Expenses $37,529

Program Expenses $1,858,516

Other Expenses $1,553,741

TOTAL EXPENSES $1,954,465

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,913,958	$1,544,669	+0.2%
Expenses	$1,954,465	$1,698,783	+0.2%
Net Income	$-40,507	$-154,114	-0.7%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$90,779

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM LUTZ	EXECUTIVE DI	40.00	Officer	$90,779	$0	$90,779
LISA BROWN	BOARD MEMBER	5.00	Director	$0	$0	$0
MEGAN GARIETY	TREASURER	5.00	Officer Director	$0	$0	$0
SONIA HOLYCROSS	VICE-PRES.	5.00	Officer Director	$0	$0	$0
KESSA POEPPELMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
JON SEARS	BOARD MEMBER	5.00	Director	$0	$0	$0
JASON SIMISTER	BOARD MEMBER	5.00	Director	$0	$0	$0
BETH TAYLOR	BOARD MEMBER	5.00	Director	$0	$0	$0
VACANT	BOARD MEMBER	5.00	Director	$0	$0	$0
SUSAN WESTFALL	PRESIDENT	5.00	Officer Director	$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	No data	No data	No data	No data
2023	$1,913,958	$1,954,465	$843,815	$-40,507
2022	$1,544,669	$1,698,783	$871,195	$-154,114
2022	$1,524,216	$1,701,109	$868,869	$-176,893
2021	$1,612,732	$1,493,918	$1,050,428	$118,814
2020	$1,807,888	$1,627,665	$929,195	$180,223
2019	$2,100,272	$2,003,805	$764,464	$96,467
2018	$2,220,290	$2,258,206	$690,395	$-37,916