GREENPATH 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

1967

Legal Domicile

Principal Officer

KRISTEN HOLT

Phone

2485535400

Tax Period

2024-01-01 to 2024-12-31

GREENPATH INC, founded in 1967, is a mid-sized nonprofit in the Human Services sector that reported $46.9M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $45.1M left a modest 4% surplus.

Mission

EMPOWERING PEOPLE TO LEAD FINANCIALLY HEALTHY LIVES.

Program Service Accomplishments

Program 1

Expenses: $37,677,833 Revenue: $36,543,439

CONSUMER CREDIT COUNSELING, EDUCATION, AND FINANCIAL WELLNESS PROGRAMS: GREENPATH DELIVERS FREE 1-ON-1 FINANCIAL COUNSELING, CREDIT COUNSELING, STUDENT LOAN COUNSELING, PRE-FILING BANKRUPTCY...

CONSUMER CREDIT COUNSELING, EDUCATION, AND FINANCIAL WELLNESS PROGRAMS: GREENPATH DELIVERS FREE 1-ON-1 FINANCIAL COUNSELING, CREDIT COUNSELING, STUDENT LOAN COUNSELING, PRE-FILING BANKRUPTCY COUNSELING, FINANCIAL EDUCATION AND DEBT MANAGEMENT SERVICES TO PEOPLE IN ALL 50 STATES. IN 2024, WE PROVIDED THESE CREDIT AND DEBT COUNSELING SERVICES TO ABOUT 73,000 HOUSEHOLDS. WE ALSO HELPED MORE THAN 60,000 PEOPLE REPAY MORE THAN $220 MILLION IN DEBT.

Program 2

Expenses: $1,735,625 Revenue: $0

HOUSING COUNSELING: AS A DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) INTERMEDIARY AND HOUSING COUNSELING AGENCY, GREENPATH PROVIDES MORTGAGE/RENT DELINQUENCY COUNSELING, PRE-PURCHASE HOME BUYER COUNSELING AND EDUCATION, AND REVERSE MORTGAGE (HECM) COUNSELING TO PEOPLE IN ALL 50 STATES. IN 2024, WE PROVIDED THESE HOUSING COUNSELING SERVICES TO ABOUT 40,000 HOUSEHOLDS. NOTE: REVENUE FROM THIS ACTIVITY IS FEDERALLY FUNDED AND, THEREFORE, INCLUDED UNDER PART VIII (1) CONTRIBUTIONS AND GRANTS.

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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 $8,151,756

Program Service Revenue $36,543,439

Investment Income $2,218,201

Other Revenue $15,774

TOTAL REVENUE $46,929,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,617,352

Fundraising Expenses $1,909,358

Program Expenses $39,413,458

Other Expenses $13,467,804

TOTAL EXPENSES $45,085,156

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,929,170	$53,664,571	-0.1%
Expenses	$45,085,156	$46,033,230	0.0%
Net Income	$1,844,014	$7,631,341	-0.8%

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

500

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

$1,021,404

Total Directors

Key Employees

$1,337,270

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTEN HOLT	PRESIDENT & CEO	30.00	Officer	$474,384	$45,242	$519,626
SIREESHA MANDAVA	CIO	38.00	Key Emp	$325,434	$38,443	$363,877
DONNA MCNEILL	COO	40.00	Key Emp	$332,592	$50,951	$383,543
RICHARD BIALOBRZESKI	CHIEF BUSINESS DEVELOPMENT OFFICER	35.00	Key Emp	$263,194	$41,461	$304,655
DAVID FLORES	CLIENT SVCS & PROGRAM PERFORMANCE	32.00	Highest	$231,842	$40,038	$271,880
SUSAN ELIZABETH DUNCAN-MURPHY	CHIEF PEOPLE OFFICER	40.00	Key Emp	$238,944	$46,251	$285,195
YOGITA KRISHNAMURTHY	DIRECTOR OF DATA & ANALYTICS	40.00	Highest	$201,573	$1,901	$203,474
MICHAEL SHINKONIS	CFO (BEGAN SERVICE 08/2024)	25.00	Officer	$187,083	$37,796	$224,879
JENNIFER FRASER	DIRECTOR OF STAKEHOLDER ENGAGEMENT	20.00	Highest	$188,985	$57,579	$246,564
RICHARD T HOLLIS	CFO (SERVED UNTIL 09/2024)	23.00	Officer	$265,414	$11,485	$276,899
LEO G HOPPER	DIRECTOR OF INFORMATION SECURITY	32.00	Highest	$161,521	$51,028	$212,549
BRADLEY JOHNSON	SOFTWARE DEVELOPMENT MANAGER	40.00	Highest	$153,748	$50,611	$204,359
CAREY PACHLA	CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE GREENE	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY ZAMBELLI	TREASURER	1.00	Officer Director	$0	$0	$0
JOSHUA SLEDGE	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN FRITH	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE GOTTSCHALL	DIRECTOR	1.00	Director	$0	$0	$0
JOE LAFEIR	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAMS RICHARDS	DIRECTOR	1.00	Director	$0	$0	$0
SHAWN STEWART	DIRECTOR	1.00	Director	$0	$0	$0
JANE SYDLOWSKI	DIRECTOR	1.00	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	$46,929,170	$45,085,156	$69,133,447	$1,844,014
2023	$53,664,571	$46,033,230	$68,941,571	$7,631,341
2022	$41,665,634	$43,449,321	$58,285,070	$-1,783,687
2021	$48,847,735	$40,056,549	$64,402,300	$8,791,186
2020	$44,875,928	$40,939,709	$62,132,336	$3,936,219
2019	$40,314,660	$40,938,908	$53,248,572	$-624,248
2018	$38,145,658	$41,216,783	$53,018,839	$-3,071,125