Path of Hope Inc

EIN: 561134544 501(c)(3) Mental Health

Lexington, NC

Total Revenue
$1,524,315
Total Expenses
$1,370,564
Total Assets
$864,911
Net Assets
$569,913
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NC
Principal Officer
Angie Banther
Phone
3362488914
Tax Period
2024-07-01 to 2025-06-30

Path of Hope Inc, founded in 1976, is a community nonprofit in the Mental Health sector that reported $1.5M in total revenue in fiscal year 2024. Expenses of $1.4M left a modest 10% surplus.

Mission

Substance Abuse Treatment

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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 (2024)

Revenue Breakdown

Contributions & Grants $37,740
Program Service Revenue $1,127,269
Investment Income $38,928
Other Revenue $320,378
TOTAL REVENUE $1,524,315

Expense Breakdown

Grants Paid $0
Salaries & Benefits $954,005
Fundraising Expenses $0
Program Expenses $1,229,029
Other Expenses $416,559
TOTAL EXPENSES $1,370,564

Year-over-Year Comparison

2024 2023 Change
Revenue $1,524,315 $1,561,033 0.0%
Expenses $1,370,564 $1,429,507 0.0%
Net Income $153,751 $131,526 +0.2%
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
14
Independent Members
14
Employees
43
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Beth Burke Board Member 0.00
Director
$0 $0 $0
Christy Covington Board Member 0.00
Director
$0 $0 $0
Richard Y Wadell Board Member 0.00
Director
$0 $0 $0
Chris Azelton Board Member 0.00
Director
$0 $0 $0
Rhonda Wagner Board Member 0.00
Director
$0 $0 $0
Drew Nelson Board Member 0.00
Director
$0 $0 $0
Frankie Young Board Member 0.00
Director
$0 $0 $0
Darrell Swing Board Member 0.00
Director
$0 $0 $0
Andy Clarke Board Member 0.00
Director
$0 $0 $0
Rodney Trogdon Vice Chairperson 0.00
Director
$0 $0 $0
Michael Beck Board Member 0.00
Director
$0 $0 $0
Lynn Kennedy Board Member 40.00
Director
$0 $0 $0
Angie Banther Executive Director 40.00
Officer
$0 $0 $0
Richard Green Past Chairperson 0.00
Officer
$0 $0 $0
Drew Money Secretary 0.00
Officer
$0 $0 $0
James Newman Chairperson 0.00
Officer
$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 $1,524,315 $1,370,564 $864,911 $153,751
2024 $1,561,033 $1,429,507 $820,131 $131,526
2023 $1,054,574 $1,225,566 $735,632 $-170,992
2022 $1,175,970 $1,269,681 $784,632 $-93,711
2021 $1,439,428 $1,273,328 $903,653 $166,100
2020 $920,863 $975,688 $854,754 $-54,825
2019 $881,036 $862,594 $504,886 $18,442
2018 $833,493 $850,648 $489,229 $-17,155
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