PATHWAY INC (EIN 346562552) - 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

1965

Legal Domicile

Principal Officer

ROBERT N JORDAN

Phone

4192427304

Tax Period

2024-01-01 to 2024-12-31

PATHWAY INC, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $10.8M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring.

Mission

PATHWAY REDUCES POVERTY BY PROVIDING COMPREHENSIVE SERVICES THAT CREATE PATHWAYS TO SELF-SUFFICIENCY

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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 $10,592,944

Program Service Revenue $122,915

Investment Income $20

Other Revenue $75,000

TOTAL REVENUE $10,790,879

Expense Breakdown

Grants Paid $4,653,096

Salaries & Benefits $4,458,064

Fundraising Expenses $0

Program Expenses $9,848,461

Other Expenses $1,643,433

TOTAL EXPENSES $10,754,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,790,879	$17,799,454	-0.4%
Expenses	$10,754,593	$17,310,526	-0.4%
Net Income	$36,286	$488,928	-0.9%

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

160

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

$259,449

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT JORDAN	CHIEF FINANCIAL OFFICER	50	Officer	$113,181	$24,859	$138,040
CYNTHIA E SAVAGE	CHIEF EXECUTIVE OFFICER	50	Officer	$98,362	$23,047	$121,409
THERESA M GABRIEL	BOARD CHAIR	4	Director	$0	$0	$0
JEFFREY GREEN	TREASURER	2	Director	$0	$0	$0
BARBARA A KYLES	SECRETARY	1	Director	$0	$0	$0
MARIE FLANNERY	1ST VICE CHAIR	1	Director	$0	$0	$0
JOSEPH HABIB	2ND VICE CHAIR	1	Director	$0	$0	$0
PETE GERKEN	DIRECTOR	1	Director	$0	$0	$0
CLYDE PHILLIPS	DIRECTOR	1	Director	$0	$0	$0
HARRIET L HARDY	DIRECTOR	1	Director	$0	$0	$0
ROSALYN CLEMENS	DIRECTOR	1	Director	$0	$0	$0
PERRY HARRIS III	DIRECTOR	1	Director	$0	$0	$0
RICK MORRIS	DIRECTOR	1	Director	$0	$0	$0
MARTIN SUTTER	DIRECTOR	1	Director	$0	$0	$0
TINA BUTTS	DIRECTOR	1	Director	$0	$0	$0
CARRIE ARNOLD	DIRECTOR	1	Director	$0	$0	$0
PATRICIA LONDON	DIRECTOR	1	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	$10,790,879	$10,754,593	$3,296,601	$36,286
2023	$17,799,454	$17,310,526	$3,844,830	$488,928
2022	$25,108,865	$24,740,528	$4,025,427	$368,337
2021	$15,676,190	$15,609,894	$1,947,954	$66,296
2020	$7,887,453	$7,814,524	$2,485,514	$72,929

PATHWAY INC