CODEPATHORG (EIN 815338932) - 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

2017

Legal Domicile

Principal Officer

MICHAEL ELLISON

Phone

4153086845

Tax Period

2025-01-01 to 2025-12-31

CODEPATHORG, founded in 2017, is a mid-sized nonprofit in the Education sector that reported $31.1M in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $29.2M left a modest 6% surplus.

Mission

SEE 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $24,799,510

Program Service Revenue $5,419,193

Investment Income $883,603

Other Revenue $16,168

TOTAL REVENUE $31,118,474

Expense Breakdown

Grants Paid $17,000

Salaries & Benefits $16,993,136

Fundraising Expenses $2,984,663

Program Expenses $21,583,621

Other Expenses $12,183,206

TOTAL EXPENSES $29,193,342

Year-over-Year Comparison

	2025	2024	Change
Revenue	$31,118,474	$24,988,760	+0.2%
Expenses	$29,193,342	$22,486,533	+0.3%
Net Income	$1,925,132	$2,502,227	-0.2%

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

804

Volunteers

1964

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

$1,659,932

Total Directors

$405,706

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL ELLISON	CEO &/PRESIDENT	40.00	Officer Director	$389,972	$15,734	$405,706
JULES WALTER	BOARD MEMBER/VP & SECRETARY	2.00	Officer Director	$0	$0	$0
DOUG BORCHARD	BOARD MEMBER	1.00	Director	$0	$0	$0
GABRIEL AUL	BOARD MEMBER	1.00	Director	$0	$0	$0
DALILA WILSON SCOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
KRISTEN TITUS	BOARD MEMBER	1.00	Director	$0	$0	$0
VALDIMIR FEDEROV	BOARD MEMBER	1.00	Director	$0	$0	$0
TIMOTHY LEE	CHIEF LEARNING OFFICER	40.00	Officer	$340,063	$21,031	$361,094
CHRISTOPHER COLEMAN	CHIEF PRODUCT OFFICER	40.00	Officer	$316,620	$24,613	$341,233
DANA LEDYARD	COO/TREASURER (UNTIL 10/24)	40.00	Officer	$259,183	$5,706	$264,889
NATHAN ESQUENAZI	CHIEF TECHNOLOGY OFFICER	20.00	Officer	$174,167	$6,657	$180,824
BRIAN MADIGAN	COO/TREASURER (FROM 10/06)	40.00	Officer	$102,032	$4,154	$106,186
EMILY CHONG	VICE PRESIDENT OF GROWTH	40.00	Highest	$243,227	$22,829	$266,056
ZACK PARKER	VICE PRESIDENT PRODUCT ENGINEERING	40.00	Highest	$247,107	$17,066	$264,173
KEITHE WILLIAMS	SENIOR DIRECTOR OF PROGRAMS AND COMMUNITY ENGAGEME	40.00	Highest	$224,792	$36,744	$261,536
BENJAMIN CHUN	LEAD PRODUCT MANAGER	40.00	Highest	$217,918	$14,643	$232,561
YULIYA SPEKTORSKY	ACCOUNT DIRECTOR, ENTERPRISE	40.00	Highest	$211,461	$600	$212,061

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	$31,118,474	$29,193,342	$38,166,413	$1,925,132
2024	$24,988,760	$22,486,533	$37,430,781	$2,502,227
2023	$31,094,925	$16,342,070	$37,015,711	$14,752,855
2022	$23,442,041	$10,864,264	$18,551,434	$12,577,777
2021	$9,162,565	$6,786,735	$6,941,504	$2,375,830
2020	$4,178,907	$2,812,710	$3,954,054	$1,366,197
2019	$2,430,505	$1,337,972	$1,606,537	$1,092,533
2019	$2,430,505	$1,337,972	$1,606,537	$1,092,533
2018	$900,321	$769,885	$283,485	$130,436

CODEPATHORG