CLEARPATH INC (EIN 825026325) - 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

2018

Legal Domicile

Principal Officer

JEREMY B HARRELL

Phone

2026701021

Tax Period

2023-01-01 to 2023-12-31

CLEARPATH INC, founded in 2018, is a mid-sized nonprofit in the Environment sector that reported $11.2M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $12.6M exceeded revenue, resulting in a 12% operating deficit.

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 (2023)

Revenue Breakdown

Contributions & Grants $11,161,300

Program Service Revenue $0

Investment Income $62,478

Other Revenue $11,062

TOTAL REVENUE $11,234,840

Expense Breakdown

Grants Paid $1,115,725

Salaries & Benefits $6,902,718

Fundraising Expenses $422,312

Program Expenses $10,209,543

Other Expenses $4,548,458

TOTAL EXPENSES $12,566,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,234,840	$12,615,651	-0.1%
Expenses	$12,566,901	$10,532,083	+0.2%
Net Income	$-1,332,061	$2,083,568	-1.6%

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

$2,336,029

Total Directors

$759,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD J POWELL	CEO, TREAS, DIRECTOR,	50.00	Officer Director	$697,174	$62,659	$759,833
SLOANE M CARLOUGH	SECRETARY	1.00	Officer Director	$0	$0	$0
RICH THAU	DIRECTOR	1.00	Director	$0	$0	$0
SAM MAR	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY B HARRELL	CHIEF STRATEGY OFFICER	50.00	Officer	$555,143	$24,029	$579,172
LUCAS J BOLAR	CHIEF EXTERNAL AFFAIRS OFF	50.00	Officer	$518,812	$46,814	$565,626
ANDREA E STEINER	CHIEF OPERATING OFFICER	50.00	Officer	$390,316	$41,082	$431,398
CHRISTOPHER A TOMASSI	MANAGING DIRECTOR - GOVT	50.00	Highest	$494,068	$35,806	$529,874
JEFFREY A MOREHOUSE	MANAGING DIRECTOR - GOVT	50.00	Highest	$449,761	$38,147	$487,908
NICHOLAS R MCMURRAY	MANAGING DIRECTOR - PUBLIC	50.00	Highest	$335,665	$29,509	$365,174
COLLEEN K MOSS	SENIOR DIRECTOR - GOVT	50.00	Highest	$331,003	$14,690	$345,693
LANDON STEVENS	SENIOR PROGRAM DIR.	50.00	Highest	$233,605	$24,046	$257,651

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	No data	No data	No data	No data
2023	$11,234,840	$12,566,901	$7,553,931	$-1,332,061
2022	$12,615,651	$10,532,083	$9,677,194	$2,083,568
2021	$9,219,831	$7,646,673	$4,886,065	$1,573,158
2020	$7,077,419	$6,052,453	$3,825,790	$1,024,966
2020	$7,077,419	$6,052,453	$3,825,790	$1,024,966
2019	$6,465,863	$5,263,373	$1,613,275	$1,202,490
2018	$1,100,525	$1,050,941	$144,906	$49,584

CLEARPATH INC