HURON WATERLOO PATHWAYS INITIATIVE

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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

2018

Legal Domicile

Principal Officer

CHRISTOPHER HAMP

Tax Period

2024-01-01 to 2024-12-31

HURON WATERLOO PATHWAYS INITIATIVE, founded in 2018, is a community nonprofit in the Environment sector that reported $3.6M in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $4.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO FACILITATE DEVELOPMENT AND PROMOTE ENJOYMENT OF REGIONAL TRAILS CONNECTING PEOPLE, COMMUNITIES, AND NATURE.

Program Service Accomplishments

Program 1

Expenses: $3,452,430

THE HURON WATERLOO PATHWAYS INITIATIVE (HWPI) IS A 501(C)(3) NONPROFIT ORGANIZATION THAT WORKS TO FACILITATE THE DEVELOPMENT AND USE OF NON- MOTORIZED RECREATIONAL TRAILS THROUGHOUT WASHTENAW COUNTY AND IN SURROUNDING COMMUNITIES. OUR WORK TO SUPPORT TRAIL DEVELOPMENT CENTERS AROUND PRIVATE FUNDRAISING, PUBLIC ENGAGEMENT, COMMUNICATIONS, AND COMMUNITY OUTREACH, FOCUSING NOT ONLY ON PHYSICALLY BUILDING AND MAINTAINING TRAILS, BUT RAISING AWARENESS OF THE MANY COMMUNITY BENEFITS OF OUTDOOR RECREATION - INCLUDING BOTH MENTAL AND PHYSICAL HEALTH; ENVIRONMENTAL IMPACT AND SUSTAINABILITY; NATURE ACCESS; EDUCATION; AND MORE. HWPI WORKS IN CLOSE PARTNERSHIP WITH WASHTENAW COUNTY PARKS AND RECREATION COMMISSION (WCPARC) TO CONSTRUCT THE WASHTENAW COUNTY-WIDE BORDER TO BORDER TRAIL (B2B TRAIL) BY BRINGING PRIVATE DOLLARS AND BOTH PUBLIC AND GOVERNMENT ENGAGEMENT TO THE PROJECT THAT WILL CONTINUE TO HAVE A SIGNIFICANT POSITIVE AND LASTING IMPACT ON THE WASHTENAW COUNTY COMMUNITY.

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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 $3,523,488

Program Service Revenue $0

Investment Income $15,378

Other Revenue $13,051

TOTAL REVENUE $3,551,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $487,588

Fundraising Expenses $159,385

Program Expenses $3,452,430

Other Expenses $4,041,972

TOTAL EXPENSES $4,529,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,551,917	$2,533,027	+0.4%
Expenses	$4,529,560	$634,602	+6.1%
Net Income	$-977,643	$1,898,425	-1.5%

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

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

$215,250

Total Directors