NEW PATHWAYS TECH INC (EIN 815153416) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

SUE HANSOHN

Phone

5407299859

Tax Period

2024-01-01 to 2024-12-31

NEW PATHWAYS TECH INC, founded in 2016, is a small nonprofit in the Education sector that reported $169K in total revenue in fiscal year 2018. Revenue decreased 17% compared to the prior year. Expenses of $228K exceeded revenue, resulting in a 34% operating deficit.

Mission

NEW PATHWAYS TECH, INC IS COMMITTED TO PROVIDING INNOVATIVE AVENUES FOR TECHNICAL TRAINING AND WORKFORCE DEVELOPMENT IN THE VIRGINIA PIEDMONT REGION.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $207,935

Program Service Revenue $53,540

Investment Income $0

Other Revenue $37,320

TOTAL REVENUE $298,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $120,040

Other Expenses $120,040

TOTAL EXPENSES $120,040

Year-over-Year Comparison

	2024	2023	Change
Revenue	$298,795	$78,896	+2.8%
Expenses	$120,040	$49,482	+1.4%
Net Income	$178,755	$29,414	+5.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D LEON FINCHER	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD DALRYMPLE	DIRECTOR	1.00	Director	$0	$0	$0
FRANK BOSSIO	DIRECTOR	1.00	Director	$0	$0	$0
SARAH PANEL	DIRECTOR	1.00	Director	$0	$0	$0
ROQUE CASTRO	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW CIUROS	DIRECTOR	1.00	Director	$0	$0	$0
SUE HANSOHN	PRESIDENT	1.00	Officer	$0	$0	$0
STEVE NIXON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
LISA PEACOCK	SECRETARY	1.00	Officer	$0	$0	$0
CHRIS PEARSON	TREASURER	1.00	Officer	$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	$298,795	$120,040	$257,257	$178,755
2023	$78,896	$49,482	$111,884	$29,414
2022	$24,044	$124,266	$86,255	$-100,222
2021	$148,142	$37,852	$171,198	$110,290
2020	$51,285	$67,113	$65,766	$-15,828
2019	$47,157	$129,718	$94,944	$-82,561
2018	$169,263	$227,562	$190,849	$-58,299

NEW PATHWAYS TECH INC