PATH OF LIFE

EIN: 810986702 501(c)(3) Mental Health

SPOKANE, WA

Total Revenue
$239,938
Total Expenses
$249,178
Total Assets
$153,719
Net Assets
$150,303
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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
WA
Principal Officer
SHERI OLSEN
Phone
5094449035
Tax Period
2024-01-01 to 2024-12-31

PATH OF LIFE, founded in 2015, is a small nonprofit in the Mental Health sector that reported $240K in total revenue in fiscal year 2024.

Mission

PLEASE SEE THE DESCRIPTION FOR PATH OF LIFE'S MISSION ON PART III LINE 1

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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 $242,224
Program Service Revenue $1,020
Investment Income $2,078
Other Revenue $-5,384
TOTAL REVENUE $239,938

Expense Breakdown

Grants Paid $0
Salaries & Benefits $141,688
Fundraising Expenses $1,802
Program Expenses $225,470
Other Expenses $107,490
TOTAL EXPENSES $249,178

Year-over-Year Comparison

2024 2023 Change
Revenue $239,938 $241,492 0.0%
Expenses $249,178 $224,126 +0.1%
Net Income $-9,240 $17,366 -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

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Governance

Voting Members
6
Independent Members
6
Employees
5
Volunteers
73

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
$67,725
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERI OLSEN EXECUTIVE DI 48.00
Officer
$67,725 $0 $67,725
ANNE CVANCARA DIRECTOR 1.00
Director
$0 $0 $0
RHONDA BOGART TREASURER 2.00
Officer Director
$0 $0 $0
JEFFREY GRAY PRESIDENT 1.00
Officer Director
$0 $0 $0
ANGELA SANKARAN SECRETARY 1.00
Officer Director
$0 $0 $0
DOMINIC CALDERONE VICE PRESIDE 1.00
Officer Director
$0 $0 $0
JEANETTE OBENDRAUF DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE LILLY DIRECTOR 1.00
Director
$0 $0 $0
PAUL PROCTOR DIRECTOR 1.00
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
2024 $239,938 $249,178 $153,719 $-9,240
2023 $241,492 $224,126 $162,406 $17,366
2022 $216,597 $201,425 $143,959 $15,172
2021 $181,373 $166,842 $128,379 $14,531
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