Pathwaves Washington

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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

Maria Vasquez

Phone

2069723141

Tax Period

2024-07-01 to 2025-06-30

Pathwaves Washington, founded in 2022, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $298K, a strong 23% operating margin.

Mission

Pathwaves Washington builds the collective power of leaders of color to transform early childhood systems so that every child and their community thrives.

Program Service Accomplishments

Program 1

Expenses: $654,805 Revenue: $139,208

The Pathwaves Fellowship program employs full-time BIPOC leaders and post these Fellows at placement sites across public, nonprofit, and philanthropic sectors.

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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 $1,184,186

Program Service Revenue $139,208

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,323,394

Expense Breakdown

Grants Paid $0

Salaries & Benefits $783,751

Fundraising Expenses $106,185

Program Expenses $654,805

Other Expenses $241,181

TOTAL EXPENSES $1,024,932

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,323,394	$2,014,306	-0.3%
Expenses	$1,024,932	$1,085,481	-0.1%
Net Income	$298,462	$928,825	-0.7%

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

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

$300,314

Total Directors

$24,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nubia Lopez	Co-Executive Director	040.00	Officer	$128,949	$12,358	$141,307
LaToya Holmes-Ware	Co-Executive Director	040.00	Officer	$128,949	$12,358	$141,307
Angela Griffin	Director	001.00	Director	$3,800	$0	$3,800
Nawiishtunmi Nightgun	Vice President	001.00	Officer Director	$3,800	$0	$3,800
Maggie Mendoza	Co-Treasurer / Secretary	001.00	Officer Director	$3,800	$0	$3,800
Maria Vasquez	Co-Treasurer / Secretary	001.00	Officer Director	$3,800	$0	$3,800
Tanya Hutton	Director	001.00	Director	$3,300	$0	$3,300
Sabrina Miller	Co-President	001.00	Officer Director	$3,300	$0	$3,300
Kelly Niccolls	Co-President	001.00	Officer Director	$3,000	$0	$3,000

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
2025	$1,323,394	$1,024,932	$1,651,638	$298,462
2024	$2,014,306	$1,085,481	$1,344,401	$928,825
2023	$400,000	No data	$400,000	No data