PATH FOUNDATION INC

EIN: 581949696 501(c)(3) Recreation & Sports

ATLANTA, GA

Total Revenue
$16,072,290
Total Expenses
$12,937,596
Total Assets
$18,661,009
Net Assets
$18,019,302
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
GA
Principal Officer
GRETA DEMAYO
Phone
4048757284
Tax Period
2024-04-01 to 2025-03-31

PATH FOUNDATION INC, founded in 1991, is a mid-sized nonprofit in the Recreation & Sports sector that reported $16.1M in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $3.1M, a strong 20% operating margin.

Mission

PLANNING, DESIGN & CONSTRUCTION OF MULTI-USE TRAIL SYSTEMS THROUGHOUT METRO ATLANTA & GEORGIA.

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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 $12,570,954
Program Service Revenue $3,304,044
Investment Income $197,280
Other Revenue $12
TOTAL REVENUE $16,072,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,081,274
Fundraising Expenses $282,664
Program Expenses $12,096,575
Other Expenses $11,856,322
TOTAL EXPENSES $12,937,596

Year-over-Year Comparison

2024 2023 Change
Revenue $16,072,290 $21,953,168 -0.3%
Expenses $12,937,596 $14,299,177 -0.1%
Net Income $3,134,694 $7,653,991 -0.6%
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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Governance

Voting Members
19
Independent Members
19
Employees
5
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
5
$489,376
Total Directors
19
$0
Key Employees
1
$325,063
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEX TAYLOR BOARD MEMBER/VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
B HARVEY HILL JR BOARD MEMBER 2.00
Director
$0 $0 $0
C AUSTIN STEPHENS BOARD MEMBER/SECRETARY 2.00
Officer Director
$0 $0 $0
CHARLES SHUFELDT BOARD CHAIRMAN 2.00
Officer Director
$0 $0 $0
CIANNAT HOWETT BOARD MEMBER 2.00
Director
$0 $0 $0
E CODY LAIRD JR BOARD MEMBER 2.00
Director
$0 $0 $0
HARRY L ANDERSON BOARD MEMBER/TREASURER 2.00
Officer Director
$0 $0 $0
JAMES C KENNEDY BOARD MEMBER 2.00
Director
$0 $0 $0
JAMIE HOCKIN BOARD MEMBER 2.00
Director
$0 $0 $0
JENNIFER DORIAN BOARD MEMBER 2.00
Director
$0 $0 $0
JOHN W SOMERHALDER II BOARD MEMBER 2.00
Director
$0 $0 $0
LAUREN WILSON BOARD MEMBER 2.00
Director
$0 $0 $0
LYLE ROSS BOARD MEMBER 2.00
Director
$0 $0 $0
RICHARD TYLER BOARD MEMBER 2.00
Director
$0 $0 $0
SARAH K KENNEDY BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT KITCHENS BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHANIE STEPHENS BOARD MEMBER 2.00
Director
$0 $0 $0
STEPHEN LANIER BOARD MEMBER 2.00
Director
$0 $0 $0
TREE MCGLOWN BOARD MEMBER 2.00
Director
$0 $0 $0
N/A EMERITUS BOARD MEMBER 2.00
$0 $0 $0
N/A EMERITUS BOARD MEMBER 2.00
$0 $0 $0
N/A EMERITUS BOARD MEMBER 2.00
$0 $0 $0
N/A EMERITUS BOARD MEMBER 2.00
$0 $0 $0
GRETA DEMAYO EXECUTIVE DIRECTOR 40.00
Officer
$427,322 $62,054 $489,376
PETE PELLEGRINI CONSTRUCTION MANAGER 40.00
Key Emp
$292,311 $32,752 $325,063
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 $16,072,290 $12,937,596 $18,661,009 $3,134,694
2024 $21,953,168 $14,299,177 $16,524,737 $7,653,991
2023 $9,344,935 $9,097,943 $8,740,556 $246,992
2022 $9,456,940 $10,561,972 $7,941,143 $-1,105,032
2021 $6,437,367 $10,353,169 $8,755,145 $-3,915,802
2020 $17,605,179 $8,590,081 $20,072,860 $9,015,098
2019 $9,987,886 $9,020,737 $11,867,611 $967,149
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