PATH UNITED INC (EIN 453861248) - 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

2011

Legal Domicile

Principal Officer

JAMES HOLLANDSWORTH

Phone

4043917485

Tax Period

2024-01-01 to 2024-12-31

PATH UNITED INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Expenses of $1.6M exceeded revenue, resulting in a 17% operating deficit.

Mission

PROVIDE AT-RISK COMMUNITIES WITH AFTER SCHOOL PROGRAMS, MENTORING, AND SOCCER FOR CHILDREN.

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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 $1,276,752

Program Service Revenue $11,577

Investment Income $3,930

Other Revenue $38,612

TOTAL REVENUE $1,330,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,169,021

Fundraising Expenses $142,082

Program Expenses $1,276,064

Other Expenses $393,381

TOTAL EXPENSES $1,562,402

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,330,871	$1,318,340	+0.0%
Expenses	$1,562,402	$1,403,827	+0.1%
Net Income	$-231,531	$-85,487	+1.7%

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

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

$134,787

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HOLLANDSWORTH	PRESIDENT	40.00	Officer	$127,907	$6,880	$134,787
CHANDA BELL	DIRECTOR	N/A	Director	$0	$0	$0
TONY CARROLL	DIRECTOR	N/A	Director	$0	$0	$0
ANITA CORSINI	DIRECTOR	N/A	Director	$0	$0	$0
DALE RECTOR	CHAIRMAN	N/A	Officer Director	$0	$0	$0
MATT SHIRLEY	DIRECTOR	N/A	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	$1,330,871	$1,562,402	$434,607	$-231,531
2023	$1,318,340	$1,403,827	$715,000	$-85,487
2022	$1,199,340	$1,407,529	$602,442	$-208,189
2022	$1,432,759	$1,407,529	$835,861	$25,230
2021	$1,370,431	$1,161,398	$774,045	$209,033
2020	$1,329,847	$1,094,055	$564,921	$235,792
2019	$923,871	$1,054,901	$322,632	$-131,030
2018	$875,477	$999,115	$443,586	$-123,638

PATH UNITED INC