PATHFINDER MANUFACTURING

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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

1991

Legal Domicile

Principal Officer

DAVID TRADER

Phone

4253491800

Tax Period

2023-01-01 to 2023-12-31

PATHFINDER MANUFACTURING, founded in 1991, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $6.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROMOTE THE PERSONAL GROWTH AND ECONOMIC INDEPENDENCE OF HIGH SCHOOL STUDENTS AND ADULTS LIVING WITH DISABILITIES AND/OR EMPLOYMENT BARRIERS BY PROVIDING TRAINING PROGRAMS AND EMPLOYMENT OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $5,118,842 Revenue: $5,917,815

PATHFINDER MANUFACTURING'S PROGRAM GOALS ARE THREEFOLD. FIRST WE STRIVE TO KEEP KIDS IN SCHOOL TO RECEIVE THEIR HIGH SCHOOL DIPLOMA WHILE HELPING TO BUILD A SENSE OF ACCOMPLISHMENT AND SELF-ESTEEM IN THEM. SECONDLY, WE WANT TO HELP THEM LEARN THE SKILLS THAT WILL HELP THEM BE AN ASSET TO FUTURE EMPLOYERS. AMONG THOSE SKILLS ARE BEING ON TIME, WORKING AS A TEAM AND GIVING A FULL DAY'S WORK FOR A FULL DAY'S PAY. THE LAST GOAL IS MULTI-FACETED-TEACH THEM A WORK SKILL THAT PROMISES A LIVING WAGE FOR FUTURE INDEPENDENCE AND FINANCIAL STABILITY OR HELP THEM BELIEVE THAT THEY CAN LEARN AND GUIDE THEM FORWARD INTO FURTHER EDUCATIONAL EXPLORATION AND STUDY. IN ADDITION TO THE TECHNICAL SKILLS STUDIED IN OUR CLASSROOM AND THEN APPLIED IN HANDS-ON WORK ON THE PRODUCTION FLOOR, STUDENTS EARN HIGH SCHOOL CREDITS TOWARD THEIR HIGH SCHOOL GRADUATION. ONCE STUDENTS MOVE FROM THE CLASSROOM TO THE PRODUCTION FLOOR THEY BEGIN TO EARN A STIPEND EQUAL TO WASHINGTON STATE MINIMUM WAGE.THE PROGRAM SERVES AS BOTH A STEPPING STONE AND SAFETY NET TO VULNERABLE, AT-RISK YOUTH AT THE BRINK OF YOUNG ADULTHOOD. WE HAVE DESIGNED OUR PROGRAM MODEL TO ASSURE AN ALTERNATIVE MODEL FOR THIS DIFFICULT TO SERVE YOUTH IS IN PLACE TO MAKE A POSITIVE DIFFERENCE IN THOSE LIVES.

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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 $61

Program Service Revenue $5,917,815

Investment Income $31,533

Other Revenue $40,926

TOTAL REVENUE $5,990,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,171,411

Fundraising Expenses $0

Program Expenses $5,118,842

Other Expenses $2,528,469

TOTAL EXPENSES $6,699,880

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,990,335	$6,578,460	-0.1%
Expenses	$6,699,880	$6,087,057	+0.1%
Net Income	$-709,545	$491,403	-2.4%

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

141

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

$184,869

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID TRADER	EXECUTIVE DIRECTOR	40.00	Officer	$167,563	$17,306	$184,869
ANDREW VUONG	DIRECTOR OF BUS DEVELOP	40.00	Highest	$140,583	$31,603	$172,186
SCOTT KNEELAND	DIRECTOR OF OPERATIONS	40.00	Highest	$105,469	$29,839	$135,308
DARRIN HAASE	DIRECTOR OF HR & STUDENT SERVICES	40.00	Highest	$101,771	$29,744	$131,515
BRIAN PULK	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL MCMURRAY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CRYSTAL FRY	SECRETARY	1.00	Officer Director	$0	$0	$0
CLARK JOHNSON	TREASURER	1.00	Officer Director	$0	$0	$0
VICKY HOPPER	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM LARSEN-RIDER	BOARD MEMBER	1.00	Director	$0	$0	$0
DARYL CONNITE	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY SPRINGER	BOARD MEMBER	1.00	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	$5,990,335	$6,699,880	$6,307,461	$-709,545
2022	$6,578,460	$6,087,057	$7,332,265	$491,403
2021	$4,394,672	$5,373,507	$5,914,568	$-978,835
2020	$5,825,994	$5,761,314	$5,424,643	$64,680
2019	$12,390,021	$10,429,951	$5,642,952	$1,960,070
2018	$7,421,245	$7,120,728	$3,962,755	$300,517