PATH FORWARD INC

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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

2016

Legal Domicile

Principal Officer

CHRISTINE WINSTON

Phone

9179224071

Tax Period

2023-01-01 to 2023-12-31

PATH FORWARD INC, founded in 2016, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 31% operating deficit.

Mission

PATH FORWARD INC. IS A NONPROFIT ORGANIZATION ON A MISSION TO REDUCE UNEMPLOYMENT AND UNDEREMPLOYMENT, PROVIDE EDUCATION AND TRAINING RESOURCES FOR SUCCESSFUL EMPLOYMENT, AND CREATE OPPORTUNITIES FOR INDIVIDUALS RE-ENTERING THE WORKFORCE AFTER EXTENDED ABSENCES.

Program Service Accomplishments

Program 1

Expenses: $992,849 Revenue: $767,000

PATH FORWARD INC. WORKS WITH BUSINESSES TO HAVE PAID INTERNSHIP OPPORTUNITIES CREATED FOR MEN AND WOMEN WHO HAVE BEEN OUT OF WORK FOR MORE THAN TWO YEARS, RECRUITS CANDIDATES FOR THESE INTERNSHIP...

PATH FORWARD INC. WORKS WITH BUSINESSES TO HAVE PAID INTERNSHIP OPPORTUNITIES CREATED FOR MEN AND WOMEN WHO HAVE BEEN OUT OF WORK FOR MORE THAN TWO YEARS, RECRUITS CANDIDATES FOR THESE INTERNSHIP OPPORTUNITIES, AND PROVIDES THEM WITH EDUCATIONAL MATERIALS, MENTORING, AND NETWORKING SUPPORT. AS OF THE END OF 2023, MORE THAN 1,100 PARTICIPANTS HAVE BEEN PLACED AT MORE THAN 115 PARTNER COMPANIES. OF THOSE, OVER 75% RECEIVED ONGOING OFFERS OF EMPLOYMENT AT THE END OF THE PROGRAM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $266,963

Program Service Revenue $767,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,033,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,084,106

Fundraising Expenses $103,617

Program Expenses $992,849

Other Expenses $273,202

TOTAL EXPENSES $1,357,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,033,963	$1,688,059	-0.4%
Expenses	$1,357,308	$1,689,237	-0.2%
Net Income	$-323,345	$-1,178	+273.5%

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

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

$171,472

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT BLUMBERG	CHAIRMAN	2.00	Officer Director	$0	$0	$0
GAYATRI AGNEW	DIRECTOR	2.00	Director	$0	$0	$0
CATHY HAWLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
CATHLEEN BLACK	DIRECTOR	1.00	Director	$0	$0	$0
CINDY GUERRA ROBBINS	DIRECTOR	2.00	Officer Director	$0	$0	$0
JAYNE JAMISON	DIRECTOR	1.00	Director	$0	$0	$0
SHEENA WHITE	DIRECTOR	1.00	Director	$0	$0	$0
NEEMA BOLLAMPALLY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE WINSTON	VICE PRESIDENT	40.00	Officer	$137,811	$33,661	$171,472

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
2023	$1,033,963	$1,357,308	$233,597	$-323,345
2022	$1,688,059	$1,689,237	$713,442	$-1,178
2021	$1,201,891	$956,556	$743,620	$245,335
2020	$661,601	$782,093	$317,285	$-120,492
2019	$892,574	$812,498	$364,277	$80,076
2018	$833,750	$623,244	$387,906	$210,506