PATHWAY FINANCIAL EDUCATION

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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

VINCE CLARK

Phone

9133033013

Tax Period

2023-01-01 to 2023-12-31

PATHWAY FINANCIAL EDUCATION, founded in 2020, is a small nonprofit in the Education sector that reported $344K in total revenue in fiscal year 2023. The organization ran a surplus of $93K, a strong 27% operating margin.

Mission

PATHWAY FINANCIAL EDUCATION ("PATHWAY") IS COMMITTED TO PROVIDING COMPREHENSIVE FINANCIAL TRAINING AND EDUCATION TO SMALL BUSINESS OWNERS AND INDIVIDUALS. PATHWAY WAS FOUNDED ON THE PRINCIPLES OF DIVERSITY, INCLUSION, EQUITY AND ACCESS. WE EMBRACE THESE PRINCIPLES AND AFFIRM THEM IN OUR MISSION. WE UPHOLD THESE PRINCIPLES IN OUR CURRICULA AND AMONG OUR INSTRUCTORS.

Program Service Accomplishments

Program 1

Expenses: $183,114

PATHWAY OFFERS FREE FINANCIAL EDUCATION CLASSES TO SMALL BUSINESSES, ADULTS AND YOUTHS (GRADES 9-12). SMALL BUSINESS CLASSES FOCUS ON MONEY BASICS/ MANAGEMENT, TAX AND ACCOUNTING RECORDS SERVICES...

PATHWAY OFFERS FREE FINANCIAL EDUCATION CLASSES TO SMALL BUSINESSES, ADULTS AND YOUTHS (GRADES 9-12). SMALL BUSINESS CLASSES FOCUS ON MONEY BASICS/ MANAGEMENT, TAX AND ACCOUNTING RECORDS SERVICES, BOOKKEEPING AND OTHER FINANCIAL SERVICES. ADULT FINANCIAL EDUCATION CLASSES ASSIST WITH BUILDING FINANCIAL FUTURES, MANAGING DEBT AND SPENDING/ SAVINGS PLANS. YOUTH CLASSES BUILD LITERACY SKILLS AND THE KNOWLEDGE NECESSARY TO BECOME A FINANCIALLY RESPONSIBLE ADULT, I.E. EARNING MONEY, SPENDING/ SAVING, BORROWING AND OTHER SERVICES.

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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 $344,022

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $344,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,521

Fundraising Expenses $8,372

Program Expenses $183,114

Other Expenses $156,985

TOTAL EXPENSES $251,506

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,022	$350,408	0.0%
Expenses	$251,506	$216,198	+0.2%
Net Income	$92,516	$134,210	-0.3%

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

N/A

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

$60,493

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER MALLOUK	EXECUTIVE BOARD MEMBER	1.00	Director	$0	$0	$0
VINCE CLARK	BOARD MEMBER	25.00	Director	$0	$0	$0
BOB HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILLIP FOURNIER	BOARD MEMBER	1.00	Director	$0	$0	$0
KARA FEUERBORN	BOARD MEMBER	1.00	Director	$0	$0	$0
NICK JACOBSON	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN ADAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM RANDOLPH	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE FERNANDEZ	EXECUTIVE DIRECTOR	1.00	Officer	$5,833	$0	$5,833
SHELIA ALBERS	EXECUTIVE DIRECTOR	40.00	Officer	$35,045	$0	$35,045
LATASHA JACOBS	EXECUTIVE DIRECTOR	40.00	Officer	$19,615	$0	$19,615

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	$344,022	$251,506	$765,111	$92,516
2022	$350,408	$216,198	$667,397	$134,210
2021	$591,858	$182,517	$533,187	$409,341
2020	$125,000	$47	$124,953	$124,953