SOUTHEAST COMMUNITY CAPITAL CORPORATION D/B/A PATHWAY LENDING (EIN 621823596) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

CLINT GWIN

Phone

6154257171

Tax Period

2024-01-01 to 2024-12-31

SOUTHEAST COMMUNITY CAPITAL CORPORATION D/B/A PATHWAY LENDING, founded in 1999, is a mid-sized nonprofit in the Employment sector that reported $65.1M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $35.3M, a strong 54% operating margin.

Mission

TO PROVIDE LENDING SOLUTIONS, EDUCATION AND SUPPORT SERVICES TO UNDERSERVED SMALL BUSINESSES.

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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 $43,780,526

Program Service Revenue $14,594,740

Investment Income $6,593,904

Other Revenue $132,884

TOTAL REVENUE $65,102,054

Expense Breakdown

Grants Paid $6,884,156

Salaries & Benefits $9,733,465

Fundraising Expenses $19,953

Program Expenses $28,146,620

Other Expenses $13,149,701

TOTAL EXPENSES $29,767,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,102,054	$45,168,768	+0.4%
Expenses	$29,767,322	$30,862,346	0.0%
Net Income	$35,334,732	$14,306,422	+1.5%

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

$2,112,299

Total Directors

Key Employees

$915,069

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR WILLIAM H HERB BYRD III	CHAIRMAN	1.50	Officer Director	$0	$0	$0
IVANETTA DAVIS-SAMUELS	VICE CHAIRMAN	1.50	Officer Director	$0	$0	$0
LEROY ABRAHAMS	DIRECTOR (START 5/24)	1.50	Director	$0	$0	$0
DAVE BEREZOV	DIRECTOR	1.50	Director	$0	$0	$0
ANDRE GIST	DIRECTOR	1.50	Director	$0	$0	$0
CINDY HERRON	DIRECTOR	1.50	Director	$0	$0	$0
HUGH QUEENER	DIRECTOR	1.50	Director	$0	$0	$0
TOM HUNTER	DIRECTOR (END 5/24)	1.50	Director	$0	$0	$0
JON DAVIES	DIRECTOR (END 5/24)	1.50	Director	$0	$0	$0
BARBARA HARRIS	EVP AND CFO (END 6/24)	50.00	Officer	$411,193	$16,693	$427,886
CLINT GWIN	PRESIDENT AND CEO	50.00	Officer	$562,522	$15,264	$577,786
HANK HELTON	EVP AND SECRETARY	50.00	Officer	$382,330	$17,324	$399,654
AMY BUNTON	EVP AND COO	50.00	Officer	$377,356	$32,444	$409,800
RICHARD BIRD	EVP AND CFO	50.00	Officer	$280,293	$16,880	$297,173
JAMES MIKE BLACKWELL	SVP- CHIEF CREDIT OFFICER	50.00	Key Emp	$228,688	$752	$229,440
DANIEL WILSON	SVP- LOAN OPERATIONS	50.00	Key Emp	$240,064	$12,605	$252,669
LESLIE HAYES	SVP- EDUCATION AND ENTRE	50.00	Key Emp	$197,857	$24,068	$221,925
LORI ROCHELLE	SVP- CHIEF PEOPLE OFFICER	50.00	Key Emp	$201,503	$9,532	$211,035
KEITH HICKEY	SVP- LENDING	50.00	Highest	$157,690	$13,916	$171,606
PAUL HOFFMANN	SVP- ECONOMIC & SOCIAL IMPACT	50.00	Highest	$158,407	$13,299	$171,706
JONATHAN EISEN	VP LENDING	50.00	Highest	$167,557	$26,481	$194,038
BRANDON ENGLAND	SVP- SUSTAINABILITY PROGRAMS	50.00	Highest	$153,044	$11,896	$164,940
LORRAINE BIGGS	SVP- CONTROLLER	50.00	Highest	$163,271	$12,786	$176,057

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	$65,102,054	$29,767,322	$368,094,372	$35,334,732
2023	$45,168,768	$30,862,346	$336,197,905	$14,306,422
2022	$34,352,914	$29,477,351	$283,577,378	$4,875,563
2021	$22,555,455	$13,260,211	$264,396,878	$9,295,244
2020	$20,413,969	$18,652,385	$190,692,663	$1,761,584
2019	$14,001,356	$10,179,844	$188,207,333	$3,821,512
2018	$12,984,889	$13,683,273	$155,604,838	$-698,384

SOUTHEAST COMMUNITY CAPITAL CORPORATION D/B/A PATHWAY LENDING