JACKSON, MS
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BEAN PATH, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $747K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $865K exceeded revenue, resulting in a 16% operating deficit.
TO CREATE EQUITY STEAM OPPORTUNITIES & CULTIVATE THE TALENT IN MISSISSIPPI BY PROVIDING ACCESS TO TOOLS, KNOWLEDGE, & NETWORKS TO EDUCATE AND STRENGTHEN THE COMMUNITY, STARTING WITH JACKSON, MISSISSIPPI. THE ORGANIZATION'S GOALS INCLUDE EXPOSING PEOPLE TO POSSIBILITIES AND OPPORTUNITIES, GROWING THE TECH ECHOSYTEM, EMPOWERING PEOPLE TO DEVELOP AND SHARE NEW TECH SKILLS, AND MENTORING ENTREPRENEURS AND INNOVATORS THROUGH STEAM CHALLENGES AND CAREERS.
DURING THE PAST PROJECT YEAR, THE BEAN PATH WAS ABLE TO NOT ONLY COMPLETE ALL EXPECTED RESULTS, BUT IN MANY CASES EXCEED THEM. THIS YEAR, THE ORGANIZATION CELEBRATED THE 6TH ANNIVERSARY OF THE BEAN...
DURING THE PAST PROJECT YEAR, THE BEAN PATH WAS ABLE TO NOT ONLY COMPLETE ALL EXPECTED RESULTS, BUT IN MANY CASES EXCEED THEM. THIS YEAR, THE ORGANIZATION CELEBRATED THE 6TH ANNIVERSARY OF THE BEAN PATH AND WANTED TO EXPAND ITS REACH AND IMPACT IN THE COMMUNITY. THE GOAL WAS TO CULTIVATE ENTREPRENEURIAL AND INNOVATIVE TALENT IN MISSISSIPPI THROUGH BEING THE ONE-STOP TECH-FACING SOURCE THAT PROVIDES ACCESS TO THE TOOLS, KNOWLEDGE, AND NETWORK NECESSARY TO EDUCATE, INNOVATE AND BUILD A STRONG, INSPIRED, FUTURE WORKFORCE. THE BEAN PATH PROMISED TO PROVIDE LOW-INCOME AND UNDER-EMPLOYED PROGRAM PARTICIPANTS WITH A GROUP AND/OR INDIVIDUALIZED INSTRUCTION AT NO COST. SUBJECT MATTER EXPERT FACILITATORS INTRODUCED AND IMPARTED NEW CONCEPTS AND METHODOLOGIES THAT BUILD ON DIGITAL LITERACY AWARENESS, DEVELOPMENT, AND IMPLEMENTATION. THE ORGANIZATION PROMISED TO OFFER FREE TO LOW-COST CERTIFIED PROGRAMMING BY EXPANDING COMMUNITY PARTNERSHIPS WITH OTHER ORGANIZATIONS THAT ALIGN WITH THE BEAN PATH'S MISSION.BELOW ARE JUST SOME OF THE SUCCESSES THE ORGANIZATION EXPERIENCED DURING 2024:- HIRED 9 CONTRACTORS THIS YEAR TO ASSIST WITH AN AMBASSADOR PROGRAM, SOFTWARE DEVELOPMENT, PARTNERSHIP MANAGEMENT, LEGISLATIVE ASSISTANCE, AND INFORMATION TECHNOLOGY. - LAUNCHED ITS FIRST APP SPONSORED BY ENTERGY- LAUNCHED A NEW PROGRAM "STEAM TUESDAYS", WHICH IS AN AFTERSCHOOL PROGRAM FOR YOUTH K-12- COMPLETED THE 3RD COHORT OF OATS IN DECEMBER. TWO NEW CLASSES GRADUATED AND ALUMNI CLASSES CONTINUE TO RETURN FOR NEXT LEVEL TRAINING. - HOSTED THREE TECH TALKS AND HAD APPROXIMATELY 50 PEOPLE IN ATTENDANCE- 206 UNIQUE INDIVIDUALS ATTENDED THE MAKERSPACE CLASSES (NOT COUNTING ANNIVERSARY EVENTS)- SIPP AND CLASSES ARE A HIT AND BEAN PATH IS HOPEFUL THAT IT WILL HAVE MORE ATTENDEES AND BE MORE PROFITABLE- MULTIPLE YOUTH ROBOTICS CLUBS ARE GOING WELL. BEAN PATH HOSTED A ROBOTIC SCRIMMAGE AND APPROXIMATELY 8 YOUTHS PARTICIPATED IN THE COMPETITION. -HIGHEST ATTENDED EVENT IN DECEMBER OATS GRADUATION WITH 50+ ATTENDEES
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $747,145 | $675,658 | +0.1% |
| Expenses | $865,250 | $790,104 | +0.1% |
| Net Income | $-118,105 | $-114,446 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DR NASHLIE SEPHUS | CEO | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| XAVIUR LEVY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN BROWN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| THERESA KENNEDY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NADER DABIT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RODERICK JACKSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALEMESHA CAMPBELL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SARAH LEE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMBER AVERY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TAMIKA JENKINS | EXECUTIVE DIRECTOR | 1.00 |
Officer
|
$43,269 | $0 | $43,269 |
| DR CRESTON BURSE | DEPUTY DIRECTOR | 1.00 |
Officer
|
$15,000 | $0 | $15,000 |
| TONIE SEPHUS | HR & FINANCE OFFICER | 1.00 |
Officer
|
$19,831 | $0 | $19,831 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $747,145 | $865,250 | $533,772 | $-118,105 |
| 2023 | $675,658 | $790,104 | $631,076 | $-114,446 |
| 2022 | $515,645 | $649,688 | $515,232 | $-134,043 |
| 2021 | $848,389 | $223,927 | $644,133 | $624,462 |
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