Open Path Psychotherapy Collective

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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

2014

Legal Domicile

Principal Officer

Paul Fugelsang

Phone

8002682833

Tax Period

2024-01-01 to 2024-12-31

Open Path Psychotherapy Collective, founded in 2014, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.6M left a modest 8% surplus.

Mission

Open Path provides people in need with access to transformative and affordable mental and holistic health care. We envision a just, compassionate world where all people can easily access the care they need to thrive. In partnership with licensed mental health clinicians in private practice throughout the fifty states and Canada, Open Path provides middle and lower-income level clients with access to affordable mental health care.

Program Service Accomplishments

Program 1

Expenses: $1,296,312 Revenue: $1,646,873

In 2024 Open Path expanded its affordable psychotherapy initiative, its affordable mental health education program, and Being Seen, an initiative designed to help insurance-based and full-fee clients access to reputable therapists in their communities. . Open Path implemented a student intern program. This program enables graduate student interns to work with clients in need of reduced-rate, $30 sessions. Throughout 2024, over 1,000 student interns joined as therapists and over 1,800 clients signed up to work with a student intern. . By the end of 2023, Open Path had increased its therapist numbers to over 32,000 in all 50 states and Canada and was connecting an average of 1,650 new clients a month.

Program 2

In the fall of 2024, Open Path implemented a client member benefits initiative, providing clients with additional benefits to go with their Open Path Membership. Open Path also kicked off a full...

In the fall of 2024, Open Path implemented a client member benefits initiative, providing clients with additional benefits to go with their Open Path Membership. Open Path also kicked off a full website rebuild and redesign project with Teal Media. . Open Path continued to develop its mental health education initiative. All of Open Paths social-emotional learning courses can be accessed for a one-time fee of $4.99. By the end of 2024, Open Path had connected over 70,000 students to affordable mental health education. . In 2024, 407 therapists jointed Being Seen.

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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 $13,099

Program Service Revenue $1,646,873

Investment Income $97,194

Other Revenue $0

TOTAL REVENUE $1,757,166

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,057,892

Fundraising Expenses $18,190

Program Expenses $1,296,312

Other Expenses $549,980

TOTAL EXPENSES $1,607,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,757,166	$1,919,246	-0.1%
Expenses	$1,607,872	$1,716,299	-0.1%
Net Income	$149,294	$202,947	-0.3%

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

$283,577

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Fugelsang	Executive Director	40.00	Officer	$254,100	$29,477	$283,577
Lisa Isenhart	Deputy Director	40.00	Highest	$178,500	$30,196	$208,696
Myleik Teele	President	1.25	Officer Director	$0	$0	$0
Amy Durso	Vice President	1.25	Officer Director	$0	$0	$0
Patricia Ortiz	Treasurer	1.25	Officer	$0	$0	$0
Paul Bialik	Secretary	1.25	Officer 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	$1,757,166	$1,607,872	$2,696,197	$149,294
2023	$1,919,246	$1,716,299	$2,542,624	$202,947
2022	$1,873,215	$1,604,297	$2,332,105	$268,918
2021	$1,966,960	$1,325,674	$2,170,523	$641,286
2020	$1,558,293	$863,950	$1,535,998	$694,343
2019	$879,721	$567,876	$771,487	$311,845
2018	$645,137	$451,271	$453,733	$193,866