THE PATH SCHOOL INC

EIN: 833099267 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$11,693,401
Total Expenses
$10,900,114
Total Assets
$5,997,581
Net Assets
$5,691,055
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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
IN
Principal Officer
ALICIA HERVEY
Phone
3172264267
Tax Period
2024-07-01 to 2025-06-30

THE PATH SCHOOL INC, founded in 2018, is a mid-sized nonprofit in the Education sector that reported $11.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $10.9M left a modest 7% surplus.

Mission

TO PROVIDE A PURPOSE-DRIVEN, CULTURALLY RESPONSIVE LEARNING ENVIRONMENT THAT CHALLENGES SCHOLARS ACADEMICALLY WHILE SUPPORTING THEIR SOCIAL AND EMOTIONAL GROWTH IN ORDER TO DEVELOP CONSCIENTIOUS CITIZENS WHO TRANSFORM THEIR COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $7,672,162 Revenue: $13,316

THE ENTIRE 7TH AND 8TH GRADE CLASSES VISITED AT LEAST 1 COLLEGE CAMPUS (100%).

Program 2

THE PATH SCHOOL INCREASED IREAD SCORES FROM 51.9 TO 56.1.

Program 3

100% OF OUR 8TH GRADERS ENROLLED IN 21ST CENTURY SCHOLARS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,643,172
Program Service Revenue $0
Investment Income $36,913
Other Revenue $13,316
TOTAL REVENUE $11,693,401

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,199,370
Fundraising Expenses $0
Program Expenses $7,672,162
Other Expenses $4,700,744
TOTAL EXPENSES $10,900,114

Year-over-Year Comparison

2024 2023 Change
Revenue $11,693,401 $10,439,893 +0.1%
Expenses $10,900,114 $9,042,242 +0.2%
Net Income $793,287 $1,397,651 -0.4%
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

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Governance

Voting Members
8
Independent Members
8
Employees
84
Volunteers
20

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
3
$350,588
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICIA HERVEY EXECUTIVE DIRECTOR 40.00
Officer
$144,516 $41,611 $186,127
THEO BRANNUM CHIEF OPERATIONS OFFICER 40.00
Officer
$121,442 $43,019 $164,461
NICOLE WOODSON CHAIR 0.50
Officer Director
$0 $0 $0
ABHILASHA JARORI BOARD MEMBER 0.50
Director
$0 $0 $0
AD WILLIAMS BOARD MEMBER 0.50
Director
$0 $0 $0
ADAM BURTNER BOARD MEMBER 0.50
Director
$0 $0 $0
DAVID HERRON BOARD MEMBER 0.50
Director
$0 $0 $0
MELISSA MAYORGA BOARD MEMBER 0.50
Director
$0 $0 $0
TIFFANY PETTIGREW BOARD MEMBER 0.50
Director
$0 $0 $0
TODD CARPENTER BOARD MEMBER 0.50
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
2025 $11,693,401 $10,900,114 $5,997,581 $793,287
2024 $10,439,893 $9,042,242 $5,742,747 $1,397,651
2023 $9,512,362 $8,018,722 $3,763,826 $1,493,640
2022 $8,203,833 $6,511,349 $2,294,399 $1,692,484
2021 $5,298,474 $5,272,452 $922,726 $26,022
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