PATHWAYS TO APPRENTICESHIP NEW JERSEY (EIN 872569892) - Form 990 Financial Analysis & Trantor Score

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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

2022

Legal Domicile

Principal Officer

WAYNE RICHARDSON

Phone

8628007573

Tax Period

2024-01-01 to 2024-12-31

PATHWAYS TO APPRENTICESHIP NEW JERSEY, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $365K in total revenue in fiscal year 2024. Revenue surged 157% from the prior year, signaling strong growth momentum. The organization ran a surplus of $105K, a strong 29% operating margin.

Mission

THE PURPOSE OF THE ORGANIZATION IS TO SEEK TO END INTERGENERATIONAL POVERTY BY PROVIDING ACCESS TO OPPORTUNITIES FOR TRANSFORMATIONAL APPRENTICESHIPS IN THE BUILDING TRADES THAT LEAD TO SOLID, MIDDLE-CLASS CAREERS. THE ORGANIZATION RECRUITS, TRAINS, AND MENTORS PEOPLE FROM LOW INCOME COMMUNITIES TO BE ACCEPTED INTO AND SUCCEED IN CONSTRUCTION UNION APPRENTICESHIP PROGRAMS IN NEW JERSEY.

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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 $365,095

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $365,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $64,864

Fundraising Expenses $0

Program Expenses $75,718

Other Expenses $195,536

TOTAL EXPENSES $260,400

Year-over-Year Comparison

	2024	2023	Change
Revenue	$365,095	$142,058	+1.6%
Expenses	$260,400	$153,833	+0.7%
Net Income	$104,695	$-11,775	-9.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE RICHARDSON	PRESIDENT	1.00	Officer	$0	$0	$0
MATTHEW RICHARDS	DIRECTOR	1.00	Officer	$0	$0	$0
JOHN BLYDEN	DIRECTOR	1.00	Officer	$0	$0	$0
ROBERT FOSTER	DIRECTOR	1.00	Officer	$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	$365,095	$260,400	$143,751	$104,695

PATHWAYS TO APPRENTICESHIP NEW JERSEY