FINANCIAL PATHWAYS OF THE PIEDMONT

EIN: 561015074 501(c)(3) Human Services

WINSTONSALEM, NC

Total Revenue
$1,501,590
Total Expenses
$1,430,550
Total Assets
$1,910,386
Net Assets
$770,107
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
NC
Principal Officer
PHYLLIS CALDWELL-GEORGE
Phone
3368961191
Tax Period
2024-07-01 to 2025-06-30

FINANCIAL PATHWAYS OF THE PIEDMONT, founded in 1972, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 5% surplus.

Mission

TO DELIVER PROFESSIONAL EDUCATION AND COUNSELING SERVICES REGARDING PERSONAL MONEY MANAGEMENT, DEBT REDUCTION PROGRAMS, COMPREHENSIVE HOUSING COUNSELING AND THE WISE USE OF CREDIT TO, AND TO IMPROVE THE FINANCIAL WELL-BEING OF, ALL SEGMENTS OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $344,372 Revenue: $252,048

REPRESENTATIVE PAYEE: THE REPRESENTATIVE PAYEE PROGRAM IS AUTHORIZED BY THE SOCIAL SECURITY ADMINISTRATION TO RECEIVE MONTHLY SSA/SSI FUNDS FOR THE BENEFIT OF CLIENTS WHO CANNOT MANAGE THEIR OWN...

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REPRESENTATIVE PAYEE: THE REPRESENTATIVE PAYEE PROGRAM IS AUTHORIZED BY THE SOCIAL SECURITY ADMINISTRATION TO RECEIVE MONTHLY SSA/SSI FUNDS FOR THE BENEFIT OF CLIENTS WHO CANNOT MANAGE THEIR OWN MONEY. THE REP PAYEE CASE MANAGERS HELP CLIENTS MAINTAIN FINANCIAL WELL-BEING AND FOSTER INDEPENDENT LIVING.

Program 2
Expenses: $486,234 Revenue: $27,376

HOUSING: THE HOUSING DIVISION ASSISTS CLIENTS WITH HOUSING RELATED TOPICS REGARDING HOMEOWNERSHIP, MORTGAGE DELINQUENCY, FINANCIAL MANAGEMENT, HOME EQUITY CONVERSION MORTGAGES, RENTERS AND...

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HOUSING: THE HOUSING DIVISION ASSISTS CLIENTS WITH HOUSING RELATED TOPICS REGARDING HOMEOWNERSHIP, MORTGAGE DELINQUENCY, FINANCIAL MANAGEMENT, HOME EQUITY CONVERSION MORTGAGES, RENTERS AND LANDLORD/TENANT ISSUES. THE PRINCIPLE GOAL OF ALL HOUSING COUNSELING SERVICES IS TO PROVIDE THE CLIENT WITH ACCURATE, IMPARTIAL, DETAILED ADVICE, AND THE DEVELOPMENT OF AN ACTION PLAN TO ALLOW THE CLIENT TO ADDRESS THEIR HOUSING NEED OR PROBLEM.

Program 3
Expenses: $238,212 Revenue: $35,080

CONSUMER FINANCIAL EDUCATION: WE SERVE CLIENTS WITH AN ARRAY OF EDUCATIONAL OPPORTUNITIES AND COACHING AIMED AT BOTH OVERCOMING CRISES AND ACHIEVING FINANCIAL ASPIRATIONS. THESE INCLUDE CLASSES AND...

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CONSUMER FINANCIAL EDUCATION: WE SERVE CLIENTS WITH AN ARRAY OF EDUCATIONAL OPPORTUNITIES AND COACHING AIMED AT BOTH OVERCOMING CRISES AND ACHIEVING FINANCIAL ASPIRATIONS. THESE INCLUDE CLASSES AND WORKSHOPS ON BASIC FINANCES AS WELL AS SPECIALIZED CREDIT, MORTGAGE, AND HOMEOWNERSHIP TOPICS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,113,194
Program Service Revenue $314,504
Investment Income $75,383
Other Revenue $-1,491
TOTAL REVENUE $1,501,590

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,066,650
Fundraising Expenses $201,331
Program Expenses $1,068,818
Other Expenses $363,900
TOTAL EXPENSES $1,430,550

Year-over-Year Comparison

2024 2023 Change
Revenue $1,501,590 $1,226,496 +0.2%
Expenses $1,430,550 $1,453,819 0.0%
Net Income $71,040 $-227,323 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
20
Volunteers
19

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
6
$119,194
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHYLLIS CALDWELL-GEORGE PRESIDENT & 40.00
Officer
$108,164 $11,030 $119,194
RONDA MAYS BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT LEFELAR BOARD MEMBER 1.00
Director
$0 $0 $0
CYNTHIA KELLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JAMARKUS SWINSON BOARD MEMBER 1.00
Director
$0 $0 $0
DR SHERRI LAWSON-CLARK BOARD MEMBER 1.00
Director
$0 $0 $0
CRISSY DIXON BOARD MEMBER 1.00
Director
$0 $0 $0
JIM COWLES BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT CARLTON BOARD MEMBER 1.00
Director
$0 $0 $0
CAROL DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA DEZARN BOARD MEMBER 1.00
Director
$0 $0 $0
GRAY BARBOUR BOARD MEMBER 1.00
Director
$0 $0 $0
RANDELL A CAIN JR BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN S OSBORNE BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA SPALDING BOARD MEMBER 1.00
Director
$0 $0 $0
ANDY HARDING BOARD CHAIR 1.00
Officer Director
$0 $0 $0
TREVA OLIPHANT VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOE CARROLL TREASURER 1.00
Officer Director
$0 $0 $0
LYNN SPILLMAN SECRETARY 1.00
Officer Director
$0 $0 $0
MIKE FISHER IMMEDIATE PA 1.00
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
2025 $1,501,590 $1,430,550 $1,910,386 $71,040
2024 $1,226,496 $1,453,819 $1,970,769 $-227,323
2023 $2,004,427 $1,592,405 $2,570,350 $412,022
2022 $1,849,365 $1,668,928 $1,642,751 $180,437
2021 $1,675,875 $1,587,329 $1,760,255 $88,546
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