PATH PARTNERSHIPS

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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

2020

Legal Domicile

Principal Officer

CHRISTINE M CONNOLLY

Phone

5406804100

Tax Period

2024-10-01 to 2025-09-30

PATH PARTNERSHIPS, founded in 2020, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Net assets of $5.2M represent 59 months of operating reserves.

Mission

THE MISSION OF THE CORPORATION IS TO PROMOTE HEALTH, EDUCATE THE PUBLIC, PROVIDE RELIEF TO THE POOR AND DISTRESSED, LESSEN THE BURDENS OF GOVERNMENT, AND COMBAT COMMUNITY DETERIORATION BY SERVING AS A STATEWIDE RESOURCE.

Program Service Accomplishments

Program 1

Expenses: $802,955 Revenue: $347,664

VIRGINIA FUNDERS' NETWORK (VFN) - A STATEWIDE MEMBERSHIP PROGRAM OF MORE THAN 100 PHILANTHROPIC ORGANIZATIONS WORKING TO IMPROVE THE QUALITY OF LIFE IN THE COMMONWEALTH. VFN ENHANCES THE...

VIRGINIA FUNDERS' NETWORK (VFN) - A STATEWIDE MEMBERSHIP PROGRAM OF MORE THAN 100 PHILANTHROPIC ORGANIZATIONS WORKING TO IMPROVE THE QUALITY OF LIFE IN THE COMMONWEALTH. VFN ENHANCES THE EFFECTIVENESS OF OUR MEMBERS' WORK THROUGH NETWORKING, COLLABORATION, LEARNING, AND LEVERAGE.

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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 $638,508

Program Service Revenue $347,664

Investment Income $86,010

Other Revenue $0

TOTAL REVENUE $1,072,182

Expense Breakdown

Grants Paid $206,372

Salaries & Benefits $432,067

Fundraising Expenses $0

Program Expenses $802,955

Other Expenses $474,375

TOTAL EXPENSES $1,112,814

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,072,182	$1,259,574	-0.1%
Expenses	$1,112,814	$1,080,572	+0.0%
Net Income	$-40,632	$179,002	-1.2%

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

N/A

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

$631,210

Total Directors

$455,071

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE M CONNOLLY	PRESIDENT	2.00	Officer Director	$0	$78,017	$455,071
RODGER BAKER	CHAIR	0.25	Officer Director	$0	$0	$0
DAPHNE LATIMORE	VICE CHAIR	0.25	Officer Director	$0	$0	$0
HANNAH RODRIGUEZ	SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
ROQUE CASTRO	MEMBER	0.25	Director	$0	$0	$0
ELIZABETH L DIETEL	MEMBER	0.25	Director	$0	$0	$0
DOUG MARSHALL	MEMBER	0.25	Director	$0	$0	$0
ELIZABETH LITTLEFIELD	CEO, VA FUNDERS NETWORK	40.00	Officer	$0	$37,489	$176,139

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	$1,072,182	$1,112,814	$5,361,877	$-40,632
2024	$1,259,574	$1,080,572	$4,866,917	$179,002
2023	$729,829	$742,224	$3,931,687	$-12,395
2022	$296,720	$576,231	$3,525,375	$-279,511
2021	$910,947	$274,697	$3,692,883	$636,250
2020	$2,630,546	$59,089	$2,680,605	$2,571,457