Greenpath Innovation Design

Nonprofit profile at a glance

EIN
923340798
IRS 990 coverage
2023–2024
Forms available
Form 990 2024
Location
Farmington Hills, MI, USA
Phone
2485535400
Rating
70
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Research Institutes and Public Policy Analysis

Official website

Reported finances

Revenue
$1,045,031
Expenses
$1,045,031
Assets
$125,390
Liabilities
$125,390

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • KRISTEN HOLT (PRESIDENT & CEO)

Highest reported compensation

  • KRISTEN HOLT (PRESIDENT & CEO): $519,626 total reported compensation
  • RICHARD BIALOBRZESKI (CHIEF BUSINESS DEVELOPMENT OFFICER): $304,655 total reported compensation
  • RICHARD T HOLLIS (CFO (SERVED UNTIL 09/2024)): $276,899 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Greenpath innovation design was organized to engage in research, analysis, and testing that will lead to building innovative, human-centered products and services to benefit individuals in improving their social and financial well-being. Our focus will be on meeting the needs of diverse, underserved populations and the nonprofit organizations that serve them.

What it reported doing in 2024

Product development -greenpath innovation design is focused on research, analysis and testing that leads to new products and services focused on improving the financial and social well-being of underserved communities. Our current priorities are focused on improving financial resiliency around building savings, transitioning people from debt payoff strategies to longer-term wealth creation, and supporting people in navigating trusted financial systems to improve credit.

Operating model

Revenue model
Affiliate-supported. 92% of the money available for current operations came from contributions from related organizations.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 60
  • Accountability: 91
  • Sustainability: 22
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.3%; rating input score 83
  • Program expense ratio: 83.3%; rating input score 83
  • Fundraising efficiency: $30.38 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 16.3%; rating input score 20; 20th percentile among comparable filings

Growth

  • Program expense growth: -16% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -14% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: -64.5% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 83.3% of revenue deployed · 83.3% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $871K in reported program spending
  • Leadership: top reported pay $520K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.
  • High — Sustainability: Officer compensation ratio scored 20/100.