PATHWAYS ACADEMY ADULT EDUCATION (EIN 814867223) - 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

2016

Legal Domicile

Principal Officer

JAROM LUEDTKE

Phone

6197911600

Tax Period

2024-07-01 to 2025-06-30

PATHWAYS ACADEMY ADULT EDUCATION, founded in 2016, is a community nonprofit in the Education sector that reported $9.2M in total revenue in fiscal year 2024. Revenue surged 110% from the prior year, signaling strong growth momentum. Expenses of $8.4M left a modest 9% surplus.

Mission

THE CORP OPERATES FREE PROGRAMS FOR STUDENTS AGES 16-25 TO COMPLETE THEIR HIGH SCHOOL EDUCATION.

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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 $9,207,349

Program Service Revenue $0

Investment Income $6,553

Other Revenue $3,596

TOTAL REVENUE $9,217,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,347,348

Fundraising Expenses $0

Program Expenses $7,381,845

Other Expenses $2,032,159

TOTAL EXPENSES $8,379,507

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,217,498	$4,381,470	+1.1%
Expenses	$8,379,507	$4,164,060	+1.0%
Net Income	$837,991	$217,410	+2.9%

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

$270,793

Total Directors

$27,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAROM LUEDTKE	EXECUTIVE DIRECTOR	40.00	Officer	$226,689	$26,104	$252,793
STARLA TYLER	ASSISTANT DIRECTOR	40.00	Highest	$141,722	$0	$141,722
ERIKA DUMAS	TEACHER	40.00	Highest	$124,473	$0	$124,473
MEGAN GJERDE	ASSISTANT DIRECTOR	40.00	Highest	$114,085	$7,249	$121,334
NICHOLAS ANDERSON	EDUCATION SPECIALIST	40.00	Highest	$111,994	$11,370	$123,364
TABITHA RICHARD	EXECUTIVE ASSISTANT	40.00	Highest	$120,476	$0	$120,476
THOMAS K SCHAAF	BOARD CHAIR	5.00	Officer Director	$9,000	$0	$9,000
CHARLES PADILLA	BOARD VICE CHAIR	5.00	Officer Director	$9,000	$0	$9,000
RUDOLPH D KASTELIC	DIRECTOR	5.00	Director	$9,000	$0	$9,000

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	$9,217,498	$8,379,507	$2,806,321	$837,991
2024	$4,381,470	$4,164,060	$1,349,001	$217,410
2023	$1,772,826	$1,459,420	$932,557	$313,406
2022	$1,007,024	$875,408	$399,762	$131,616
2021	$651,900	$714,721	$451,606	$-62,821
2020	$263,689	$544,752	$180,979	$-281,063
2019	$199,286	$194,543	$283,953	$4,743
2018	$512,320	$415,088	$230,241	$97,232

PATHWAYS ACADEMY ADULT EDUCATION