PROMISE PATHWAYS INC

EIN: 854132265 501(c)(3) Education

BURKE, VA

Total Revenue
$1,034,172
Total Expenses
$1,280,480
Total Assets
$5,243,607
Net Assets
$305,236
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
DE
Principal Officer
MARTHA KANTER
Phone
4084975939
Tax Period
2024-01-01 to 2024-12-31

PROMISE PATHWAYS INC, founded in 2020, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 2124% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO ACCELERATE EMPLOYMENT, WELLNESS, AND WEALTH-BUILDING OUTCOMES FOR ALL AMERICANS, THROUGH HIGH IMPACT, EVIDENCE-BASED INTERVENTIONS. WE LEVERAGE INNOVATIVE COLLEGE, CAREER, COMMUNITY, AND WELLNESS PRACTICES, USING HIGH-IMPACT, EVIDENCE-BASED, AND PROMISING APPROACHES TO HELP INDIVIDUALS OF ALL AGES ACHIEVE THEIR FULL POTENTIAL.

Program Service Accomplishments

Program 1
Expenses: $884,358 Revenue: $890,584

US FAMILY HEALTH PLAN (USFHP) - PROMISE PATHWAYS HAS PARTNERED WITH BMI (BRIGHTON MARINE INC.) UNDER A FISCAL SPONSORSHIP AGREEMENT TO OPERATE THE US FAMILY HEALTH PLAN PURSUANT TO A CONTRACT WITH...

Read more

US FAMILY HEALTH PLAN (USFHP) - PROMISE PATHWAYS HAS PARTNERED WITH BMI (BRIGHTON MARINE INC.) UNDER A FISCAL SPONSORSHIP AGREEMENT TO OPERATE THE US FAMILY HEALTH PLAN PURSUANT TO A CONTRACT WITH THE DEFENSE HEALTH AGENCY (DHA) TO PROVIDE MILITARY AND VETERAN FAMILIES WITH QUALITY HEALTH CARE.

Program 2
Expenses: $370,312 Revenue: $133,588

THE ORGANIZATION AIMS TO BUILD ON AND CONTRIBUTE TO AN EVIDENCE BASE OF BEST-IN-CLASS COLLEGE, CAREER, AND COMMUNITY STRATEGIES THROUGH PROGRAMS SUCH AS THE LEADERSHIP INSTITUTE, CAREER PATHWAYS...

Read more

THE ORGANIZATION AIMS TO BUILD ON AND CONTRIBUTE TO AN EVIDENCE BASE OF BEST-IN-CLASS COLLEGE, CAREER, AND COMMUNITY STRATEGIES THROUGH PROGRAMS SUCH AS THE LEADERSHIP INSTITUTE, CAREER PATHWAYS CENTER, AND INNOVATION LAB. THROUGH THE LEADERSHIP INSTITUTE, THE ORGANIZATION WILLOFFER STATE-OF-THE-ART INTERACTIVE TRAINING AND CAREER COUNSELING PROGRAMS. THE CAREER PATHWAYS CENTER WILL DRAW FROM AND ADD TO THE CRADLE-THROUGH-CAREER RESEARCH BASE AND IDENTIFY THE BEST AVAILABLE EVIDENCE TO GUIDE DECISION-MAKING AND PROGRAM DESIGN. THE INNOVATION LAB FOCUSES ON A GROUP OF RELATIVELY SELF-CONTAINED TARGETED CAPITAL INVESTMENT OR TECHNICAL ASSISTANCE PROJECTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,000
Program Service Revenue $1,024,172
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,034,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $833,386
Fundraising Expenses $0
Program Expenses $1,254,670
Other Expenses $447,094
TOTAL EXPENSES $1,280,480

Year-over-Year Comparison

2024 2023 Change
Revenue $1,034,172 $46,500 +21.2%
Expenses $1,280,480 $29,856 +41.9%
Net Income $-246,308 $16,644 -15.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
41
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
4
$35,156
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA KANTER PRESIDENT 1.00
Officer Director
$0 $0 $0
SUZANNE MURPHY TREASURER 1.00
Officer Director
$0 $0 $0
SUSAN NORWOOD SECRETARY 1.00
Officer Director
$0 $0 $0
BETTY RHOADES INTERIM CEO 40.00
Officer
$35,156 $0 $35,156
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 $1,034,172 $1,280,480 $5,243,607 $-246,308
2023 $46,500 $29,856 $551,544 $16,644
2022 $100 $209,458 $772,710 $-209,358
2021 $880,937 $136,679 $861,506 $744,258
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare PROMISE PATHWAYS INC with other nonprofits in Virginia and across the country.