PATHWAY INITIATIVE INC

EIN: 852950396 501(c)(3) Human Services

BOSTON, MA

Total Revenue
$323,288
Total Expenses
$422,080
Total Assets
$21,144
Net Assets
$21,144
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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
MA
Principal Officer
LAWRENCE LAWRENCE
Phone
8572774672
Tax Period
2024-01-01 to 2024-12-31

PATHWAY INITIATIVE INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $323K in total revenue in fiscal year 2024. Expenses of $422K exceeded revenue, resulting in a 31% operating deficit.

Mission

We aim to increase access for talented and motivated African American, Hispanic and Latino students to achieve their career potential in medicine and support their return to underserved communities to mitigate the shortage of clinicians.

Program Service Accomplishments

Program 1

OYEA SUMMER CITY OF BOSTON JULY TO SEPT - 2024 - 61,877 OYEA SUMMER CITY OF BOSTON OCT 23 TO MAY 24 - 70,875 OYEA SUMMER CITY OF BOSTON OCT 24 - 10,080 MOIA DACA SPRING 24 - 102,194 MOIA DACA SPRING...

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OYEA SUMMER CITY OF BOSTON JULY TO SEPT - 2024 - 61,877 OYEA SUMMER CITY OF BOSTON OCT 23 TO MAY 24 - 70,875 OYEA SUMMER CITY OF BOSTON OCT 24 - 10,080 MOIA DACA SPRING 24 - 102,194 MOIA DACA SPRING 24 - 33,687 MOIA DACA SPRING 24 - 17,325 MISC GRANTS - 10,150 DONATIONS - 17,190

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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 $323,288
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $323,288

Expense Breakdown

Grants Paid $0
Salaries & Benefits $382,268
Fundraising Expenses $0
Other Expenses $39,812
TOTAL EXPENSES $422,080

Year-over-Year Comparison

2024 2023 Change
Revenue $323,288 $324,478 0.0%
Expenses $422,080 $230,661 +0.8%
Net Income $-98,792 $93,817 -2.1%
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
3
Independent Members
N/A
Employees
32
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
1
$17,190
Total Directors
3
$17,190
Key Employees
1
$17,190
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE MENSAH CEO 020.00
Officer Director Key Emp
$17,190 $0 $17,190
ENNA JIMENEZ BOARD CHAIR 005.00
Director
$0 $0 $0
BETH SCHAEFER GENERAL SECRETARY 005.00
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 $323,288 $422,080 $21,144 $-98,792
2023 $324,478 $230,661 $93,817 $93,817
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