SEACOAST PATHWAYS

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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

2013

Legal Domicile

Principal Officer

CHRISTINE MCMAHON

Phone

2127274200

Tax Period

2023-10-01 to 2024-09-30

SEACOAST PATHWAYS, founded in 2013, is a small nonprofit in the Mental Health sector that reported $317K in total revenue in fiscal year 2023. Revenue surged 155% from the prior year, signaling strong growth momentum. Expenses of $391K exceeded revenue, resulting in a 24% operating deficit.

Mission

THE MISSION OF SEACOAST PATHWAYS IS TO SUPPORT ADULTS LIVING WITH MENTAL ILLNESS ON THEIR PATHS TO RECOVERY THROUGH THE WORK-ORDERED DAY. SEACOAST PATHWAYS IS A RESTORATIVE ENVIRONMENT FOR MEMBERS TO COME TOGETHER (SEE SCHEDULE O) FOR HEALTH, WELLNESS, EMPLOYMENT, FELLOWSHIP AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $300,448 Revenue: $3,000

SEACOAST PATHWAYS SERVES PEOPLE AGED 18 AND OVER IN COMMUNITIES INCLUDING ROCHESTER, DOVER, EXETER, PORTSMOUTH, NORTH HAMPTON AND SEABROOK, NEW HAMPSHIRE AND THOSE IN BETWEEN, AND SOUTHERN MAINE...

SEACOAST PATHWAYS SERVES PEOPLE AGED 18 AND OVER IN COMMUNITIES INCLUDING ROCHESTER, DOVER, EXETER, PORTSMOUTH, NORTH HAMPTON AND SEABROOK, NEW HAMPSHIRE AND THOSE IN BETWEEN, AND SOUTHERN MAINE COMMUNITIES INCLUDING KITTERY, ELIOT, YORK, AND THE BERWICKS.CLUBHOUSE MEMBERS OPERATE THE CLUBHOUSE TOGETHER WITH A SMALL PROFESSIONAL STAFF, CALLED GENERALISTS. FOCUS IS ON WORK AND RELATIONSHIPS WHERE MEMBERS CHOOSE FROM SPECIFIC TASKS THAT NEED TO BE DONE EACH DAY BOTH IN THE CLUBHOUSE AND WITHIN THE COMMUNITY. OUR STAFFGENERALISTS WORK ALONGSIDE OUR MEMBERS TO DEVELOP THEIR TALENTS AND INTERESTS FOR A SUCCESSFUL AND THRIVING CLUBHOUSE. (SEE SCHEDULE O)THE CLUBHOUSE ASSISTS MEMBERS IN FINDING OPPORTUNITIES TO OBTAIN PAID EMPLOYMENT STAFF ENGAGE EMPLOYERS ON THE BENEFITS OF AN INCLUSIVE WORKFORCE AND THE ABILITY OF MEMBERS TO BE MEANINGFULLY EMPLOYED. WE ASSIST INDIVIDUALS IN ENTERING TRANSITIONAL EMPLOYMENT WHICH ARE PAID, TIME-LIMITED JOBS THAT COMBINE REAL WORK, SKILL DEVELOPMENT, AND SUPPORT SERVICES TO HELP PARTICIPANTS OVERCOME BARRIERS TO EMPLOYMENT.SUPPORTED EMPLOYMENT IS A PROGRAM THROUGH WHICH MEMBERS, WHEN READY, ARE GIVEN HELP FROM THE CLUBHOUSE TO APPLY FOR AND ACQUIRE A JOB OF THEIR OWN. INDEPENDENT EMPLOYMENT ASSISTANCE IS PROVIDED AT THE CLUBHOUSE FOR MEMBERS WHO ARE READY AND WANT TO FIND JOBS ON THEIR OWNWITHIN THE LARGER COMMUNITY. SEACOAST PATHWAYS PROVIDES MANY SERVICES FOR MEMBERS TO FIND AND KEEP LONG TERM JOBS WHILE STILL MAINTAINING BENEFITS.

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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 $321,507

Program Service Revenue $3,000

Investment Income $0

Other Revenue $-7,835

TOTAL REVENUE $316,672

Expense Breakdown

Grants Paid $690

Salaries & Benefits $290,197

Fundraising Expenses $12,072

Program Expenses $300,448

Other Expenses $100,528

TOTAL EXPENSES $391,415

Year-over-Year Comparison

	2023	2022	Change
Revenue	$316,672	$124,118	+1.6%
Expenses	$391,415	$177,964	+1.2%
Net Income	$-74,743	$-53,846	+0.4%

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

$1,562,073

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUELINE ELLIS	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
SARA TREACY	SECRETARY	1.00	Director	$0	$0	$0
LYNNE HANLON	TRUSTEE (THRU 10/2023)	1.00	Director	$0	$0	$0
PARTHENIA LAGASSA	TRUSTEE	1.00	Director	$0	$0	$0
MIKE MULHERN	TREASURER	1.00	Director	$0	$0	$0
BRENDA SHORT	TRUSTEE	1.00	Director	$0	$0	$0
GINA PIKE	TRUSTEE (CLUBHOUSE MEMBER REP.)	1.00	Director	$0	$0	$0
MAUREEN HAYWARD	TRUSTEE (CLUBHOUSE MEMBER REP.)	1.00	Director	$0	$0	$0
AL LANTINEN	TRUSTEE (AS OF 03/2024)	1.00	Director	$0	$0	$0
JAMES KELLEY	TRUSTEE (AS OF 05/2024)	1.00	Director	$0	$0	$0
ANN STRACHAN	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$60,050
CHRISTINE MCMAHON	PRESIDENT AND CEO OF FEDCAP	1.00	Officer	$0	$151,561	$891,927
CAROL KHOURY	CFO OF FEDCAP	1.00	Officer	$0	$8,517	$347,921
KENNETH BREZENOFF	GEN. COUNSEL & VP STRAT. INIT.	1.00	Officer	$0	$18,802	$262,175

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	$316,672	$391,415	$130,648	$-74,743