SEACOAST PATHWAYS (EIN 462658558) - 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

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

SEACOAST PATHWAYS IS A PLACE FOR ADULTS LIVING WITH MENTAL ILLNESS TO COME TOGETHER.

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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

SEACOAST PATHWAYS