PATHWAYS TO APPRENTICESHIP INC (EIN 811099195) - 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

2015

Legal Domicile

Phone

9172269276

Tax Period

2024-01-01 to 2024-12-31

PATHWAYS TO APPRENTICESHIP INC, founded in 2015, is a small nonprofit in the Education sector that reported $855K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $210K, a strong 25% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO SEEK TO END INTERGENERATIONAL POVERTY BY PROVIDING ACCESS TO OPPORTUNITIES FOR TRANSFORMATIONAL APPRENTICESHIPS IN THE BUILDING TRADES THAT LEAD TO SOLID, MIDDLE CLASS CAREERS. THE ORGANIZATION RECRUITS, TRAINS AND MENTORS PEOPLE FROM LOW-INCOME COMMUNITIES TO BE ACCEPTED INTO AND SUCCEED IN CONSTRUCTION UNION APPRENTICESHIP PROGRAMS IN NEW YORK CITY.

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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 $854,688

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $854,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,202

Fundraising Expenses $0

Program Expenses $551,444

Other Expenses $347,369

TOTAL EXPENSES $644,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$854,688	$714,930	+0.2%
Expenses	$644,571	$833,281	-0.2%
Net Income	$210,117	$-118,351	-2.8%

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

$151,093

Total Directors

$151,093

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONIQUE GEORGE	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVON LOMAX	DIRECTOR	1.00	Officer Director	$0	$0	$0
BARRIE SMITH	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID BOLGER	PRESIDENT	1.00	Officer Director	$0	$0	$0
TANYA POPE	DIRECTOR	1.00	Officer Director	$0	$0	$0
LARRY ROTHCHILD	DIRECTOR	1.00	Officer Director	$0	$0	$0
MITCHELL TAYLOR	DIRECTOR	1.00	Officer Director	$0	$0	$0
EYAD ASSAD	DIRECTOR	1.00	Officer Director	$0	$0	$0
DAVID MELTON	DIRECTOR	1.00	Officer Director	$0	$0	$0
AISLINN MCGUIRE	DIRECTOR	1.00	Officer Director	$0	$0	$0
JUSTICE FAVOR	DIRECTOR	1.00	Officer Director	$0	$0	$0
GYASI HEADEN	EXECUTIVE DIRECTOR	40.00	Officer Director	$125,000	$26,093	$151,093

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	$854,688	$644,571	$355,927	$210,117
2023	$714,930	$833,281	$162,590	$-118,351
2022	$371,130	$401,537	$286,582	$-30,407
2021	$386,654	$326,250	$314,833	$60,404
2020	$596,503	$495,558	$349,380	$100,945
2019	$488,056	$513,582	$219,160	$-25,526
2018	$552,236	$482,337	$166,533	$69,899

PATHWAYS TO APPRENTICESHIP INC