Lifepath Inc

Nonprofit profile at a glance

EIN
042542539
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
Greenfield, MA, USA
Phone
4137735555
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
In-Home Assistance

Official website

Reported finances

Revenue
$26,987,256
Expenses
$25,552,707
Assets
$11,081,712
Liabilities
$3,088,712

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

Leadership & pay

19 people listed

Executive titles in this filing

  • MARY GIANNETTI (PRESIDENT)
  • JOANIE BERNSTEIN (VICE PRESIDENT)
  • GARY YUHAS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • GARY YUHAS (EXECUTIVE DIRECTOR): $173,886 total reported compensation
  • LYNNE FELDMAN (ASSOCIATE EXECUTIVE DIRECT): $139,614 total reported compensation
  • PHILIP GILFEATHER-GIRTON (DIRECTOR OF FINANCE): $116,502 total reported compensation

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

Overview

Mission

Lifepath, inc. Is a private non-profit organization, designated aging services access point and an area agency on aging. Its mission is to help elders live at home safely and independently for as long as possible by providing assistance and access to a comprehensive range of services. These services are either provided by lifepath or by agencies with whom it contracts. Eligibility criteria for the various programs and services are established by the Massachusetts executive office of elder affairs and medicaid/masshealth.

What it reported doing in 2024

Community choices programthe choices program was implemented to provide a higher level of service in the community to older adults who are eligible for mass health standard and who meet the requirements for nursing facility services. The goal of the program is to address the needs of the nursing facility eligible older adults who require enhanced services and who plan to live safely and independently at home. To be enrolled in the choices program, a consumer must meet the following criteria: be eligible for the home care program (see below), meet clinical eligibility for nursing facility services as determined by an aging services access point (asap) rn, require authorized services at a projected cost of at least 1.75 times the current home care program monthly purchased services rate, be enrolled in the frail elder waiver, and be enrolled in mass health standard.

Operating model

Revenue model
Grant-funded. 78% of the money available for current operations came from government grants.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 85
  • Accountability: 100
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.8%; rating input score 87
  • Program expense ratio: 91.7%; rating input score 92
  • Fundraising efficiency: $199.9 raised per $1 spent on fundraising; rating input score 90; 90th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.3%; rating input score 55; 55th percentile among comparable filings
  • Total-asset coverage ratio: 0.43; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.28; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 2.1%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 4.4% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: 8% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 86.8% of revenue deployed · 91.7% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $23.4M in reported program spending
  • Leadership: top reported pay $174K · 19 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 9 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • Review — Sustainability: Operating margin scored 55/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.