VETERANS PATH INC

EIN: 474428490 501(c)(3)

LAFAYETTE, CO

Total Revenue
$397,547
Total Expenses
$537,761
Total Assets
N/A
Net Assets
N/A
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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
2015
Legal Domicile
DE
Principal Officer
HEATHER BUCK
Phone
7205099988
Tax Period
2023-01-01 to 2023-10-31

VETERANS PATH INC, founded in 2015, is a small nonprofit that reported $398K in total revenue in fiscal year 2023. Expenses of $538K exceeded revenue, resulting in a 35% operating deficit.

Mission

VETERAN'S PATH ENABLES RETURNING VETERANS TO REDISCOVER MEANING, PURPOSE, AND JOY IN THEIR LIVES THROUGH MINDFULNESS, MEDITATION, AND A SAFE COMMUNITY. OUR APPROACH RECONNECTS VETERANS WITH STRENGTH AND SERVICE. THROUGH PRACTICAL TOOLS OF MEDITATION AND MINDFULNESS, PHYSICAL AND OUTDOOR EXPERIENCES, AND A COMMUNITY OF CAMARADERIE, VETERANS REDISCOVER PEACE, ACCEPTANCE, TRANSFORMATION AND HONOR IN A NEW JOURNEY FORWARD. VETERAN'S PATH BUILDS A COMMUNITY OF SUPPORT FOR VETERANS, OFFERING MINDFULNESS, WELLNESS AND MEDITATION TOOLS. ALL OUR EVENTS ARE OFFERED FREE OF CHARGE FOR VETERANS WHO HAVE SERVED SINCE 1990.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $397,415
Program Service Revenue $0
Investment Income $79
Other Revenue $53
TOTAL REVENUE $397,547

Expense Breakdown

Grants Paid $3,300
Salaries & Benefits $99,063
Fundraising Expenses $52,360
Program Expenses $432,445
Other Expenses $404,397
TOTAL EXPENSES $537,761

Year-over-Year Comparison

2023 2022 Change
Revenue $397,547 $391,575 +0.0%
Expenses $537,761 $499,450 +0.1%
Net Income $-140,214 $-107,875 +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

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Governance

Voting Members
4
Independent Members
4
Employees
1
Volunteers
5

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
3
$0
Total Directors
6
$92,894
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID DRAKE EXECUTIVE DIRECTOR - RESIGNED ON 10/12/2023 60
Director
$72,294 $0 $72,294
KIM SMITH DIRECTOR - RESIGNED ON 11/8/2023 2
Director
$20,600 $0 $20,600
STEVEN MILLETTE DIRECTOR 2
Director
$0 $0 $0
CHRISTOPHER THORSEN CHAIRPERSON 5
Officer Director
$0 $0 $0
HEATHER BUCK TREASURER 4
Officer Director
$0 $0 $0
KATHY POLIZZI SECRETARY 2
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
2023 $397,547 $537,761 No data $-140,214
2022 $391,575 $499,450 $170,571 $-107,875
2021 $523,345 $426,794 $251,197 $96,551
2020 $315,376 $624,756 $197,925 $-309,380
2019 $812,732 $338,224 $461,568 $474,508
2018 $614,463 $632,570 $489,934 $-18,107
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