PATHS FOR SUCCESS FOUNDATION (EIN 883777372) - 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

1990

Legal Domicile

Principal Officer

TERRY MITCHELL

Phone

3342440307

Tax Period

2023-01-01 to 2023-12-31

PATHS FOR SUCCESS FOUNDATION, founded in 1990, is a small nonprofit that reported $229K in total revenue in fiscal year 2022. Revenue surged 106% from the prior year, signaling strong growth momentum. Expenses of $392K exceeded revenue, resulting in a 71% operating deficit.

Mission

TO ASSIST ALABAMA CITIZENS IN OBTAINING SKILLS, CREDENTIALS, AND/OR CERTIFICATIONS THAT LEAD TO GAINFUL EMPLOYMENT. TO PROVIDE OPPORTUNITIES BY ELIMINATING BARRIERS THAT IMPACT AN INDIVIDUAL'S ABILITY TO PARTICIPATE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,066,133

Investment Income $63,092

Other Revenue $0

TOTAL REVENUE $1,129,225

Expense Breakdown

Grants Paid $109,373

Salaries & Benefits $157,976

Fundraising Expenses $237,693

Program Expenses $349,073

Other Expenses $142,724

TOTAL EXPENSES $647,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,129,225	$229,272	+3.9%
Expenses	$647,766	$392,056	+0.7%
Net Income	$481,459	$-162,784	-4.0%

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
JIMMY BAKER	BOARD MEMBER	0.50	Director	$0	$0	$0
GREG BARKER	BOARD MEMBER	0.50	Director	$0	$0	$0
GEORGE CLARK	BOARD MEMBER	0.50	Director	$0	$0	$0
SONNY BRASFIELD	BOARD MEMBER	0.50	Director	$0	$0	$0
HELENA DUNCAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHELLE HURDLE	BOARD MEMBER	0.50	Director	$0	$0	$0
TIM LEWIS	BOARD MEMBER	0.50	Director	$0	$0	$0
JEFF PEOPLES	BOARD MEMBER	0.50	Director	$0	$0	$0
KEVIN SAVOY	BOARD MEMBER	0.00	Director	$0	$0	$0
TAYLOR WILLIAMS	BOARD MEMBER	0.00	Director	$0	$0	$0
NEAL WADE	PRESIDENET	2.00	Officer	$0	$0	$0
GREG COCHRAN	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MICHELLE JORDAN	SECRETARY	2.00	Officer	$0	$0	$0
TERRY MITCHELL	TREASURER	2.00	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
2023	$1,129,225	$647,766	$1,563,274	$481,459
2022	$229,272	$392,056	$1,078,677	$-162,784

PATHS FOR SUCCESS FOUNDATION