Pathways for Change Inc

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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

2010

Legal Domicile

Principal Officer

Connie Bookman

Phone

8502020028

Tax Period

2023-01-01 to 2023-12-31

Pathways for Change Inc, founded in 2010, is a small nonprofit in the Crime & Legal sector that reported $539K in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $352K, a strong 65% operating margin.

Mission

Work to eliminate homelessness

Program Service Accomplishments

Program 1

Expenses: $94,546

Pathways For Change, Inc has a broad vision, partnering with Opening Doors, The Local Continum of Care, and assisting local agencies who are in the business of elminating homlessnesss and panhandling...

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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 (2023)

Revenue Breakdown

Contributions & Grants $136,716

Program Service Revenue $0

Investment Income $8,125

Other Revenue $394,012

TOTAL REVENUE $538,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,776

Fundraising Expenses $7,669

Program Expenses $94,546

Other Expenses $96,928

TOTAL EXPENSES $186,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$538,853	$281,189	+0.9%
Expenses	$186,704	$189,350	0.0%
Net Income	$352,149	$91,839	+2.8%

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

N/A

Volunteers

183

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

$21,237

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Connie Bookman	Executive Director	040.00	Officer	$21,237	$0	$21,237
Jarrod Dawson	President	002.00	Officer Director	$0	$0	$0
Glenn McDuffy	Vice President	002.00	Officer Director	$0	$0	$0
Michelle Olliff	Secretary	002.00	Officer Director	$0	$0	$0
Jan Butts	Treasurer	002.00	Officer Director	$0	$0	$0
Maggie McKean	Director	002.00	Director	$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	No data	No data	No data	No data
2023	$538,853	$186,704	$1,178,596	$352,149
2022	$281,189	$189,350	$1,368,927	$91,839
2021	$314,182	$264,436	$1,265,438	$49,746
2020	$698,149	$504,063	$1,221,042	$194,086