PROMISE PATHWAYS INC (EIN 854132265) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Principal Officer

MARTHA KANTER

Phone

4084975939

Tax Period

2024-01-01 to 2024-12-31

PROMISE PATHWAYS INC, founded in 2020, is a small nonprofit in the Education sector that reported $881K in total revenue in fiscal year 2021. The organization ran a surplus of $744K, a strong 84% operating margin.

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.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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

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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

$35,156

Total Directors

Key Employees

Highest Compensated

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

PROMISE PATHWAYS INC