CARING PATHWAYS OF CARROLLTON

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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

JANET KELSAY

Phone

4697580063

Tax Period

2023-01-01 to 2023-12-31

CARING PATHWAYS OF CARROLLTON, founded in 2018, is a small nonprofit in the Human Services sector that reported $365K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 29% operating margin.

Mission

CARING PATHWAYS OF CARROLLTON PROVIDES ADULTS WITH DISABILITIES A WELL- DESIGNED, BALANCED ENVIRONMENT IN WHICH THEY HAVE THE OPPORTUNITY FOR SELF-DETERMINATION AND SOCIAL INTERACTION THROUGH ACTIVE AND ENGAGING FUNCTIONAL SKILLS AND ACTIVTIES OF DAILY LIVING.

Program Service Accomplishments

Program 1

Expenses: $222,232 Revenue: $254,266

CARING PATHWAYS OF CARROLLTON PROVIDES DAILY PROGRAMS TO UNDERSERVED ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES PROMOTING SKILLS OF SELF DETERMINATION, TRAINING TO PROMOTE INDEPENDENCE IN DAILY LIVING ACTIVITIES AND FACILITATE SOCIAL INTERACTION THROUGH OUTINGS AND PARTICIPATION IN LOCAL EVENTS. IN 2023, THE ORGANIZATION SERVED 38 ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN IT'S PROGRAM. THE ORGANIZATION PROVIDES A SAFE, NURTURING AND ENRICHING ENVIRONMENT IN WHICH THEY CAN CONTINUE TO LEARN AND DEVELOP NEW SKILLS. THE ORGANIZATION IS OPEN MONDAY THROUGH FRIDAY AND ADDRESSES A SIGNIFICANT NEED IN THE 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 (2023)

Revenue Breakdown

Contributions & Grants $110,276

Program Service Revenue $254,266

Investment Income $918

Other Revenue $0

TOTAL REVENUE $365,460

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,857

Fundraising Expenses $1,225

Program Expenses $222,232

Other Expenses $96,333

TOTAL EXPENSES $260,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$365,460	$289,912	+0.3%
Expenses	$260,190	$204,422	+0.3%
Net Income	$105,270	$85,490	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN JAMIESON	DIRECTOR/SEC	1.00	Officer Director	$0	$0	$0
JANET KELSAY	DIRECTOR/PRE	1.00	Officer Director	$0	$0	$0
TRACY MCCAIN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER MCGURK	DIRECTOR/TRE	1.00	Officer Director	$0	$0	$0
LETA NELSON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA NICHOLS	DIRECTOR	1.00	Director	$0	$0	$0
KATHY OWENS	DIRECTOR/1ST	1.00	Officer Director	$0	$0	$0
STACY STEPHENSON	DIRECTOR	1.00	Director	$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	No data	No data	No data	No data
2023	$365,460	$260,190	$322,035	$105,270
2022	$289,912	$204,422	$216,164	$85,490
2021	$213,085	$161,828	$131,414	$51,257