Pathfinder Manufacturing

Nonprofit profile at a glance

EIN
911518808
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Everett, WA, USA
Phone
4253491800
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$5,187,862
Expenses
$6,348,688
Assets
$4,586,754
Liabilities
$2,424,442

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

Leadership & pay

9 people listed

Executive titles in this filing

  • DAVID TRADER (EXECUTIVE DIRECTOR)
  • VICKY HOPPER (PRESIDENT)
  • BRIAN PULK (VICE PRESIDENT)
  • MICHAEL MCMURRAY (VICE PRESIDENT)

Highest reported compensation

  • DAVID TRADER (EXECUTIVE DIRECTOR): $193,318 total reported compensation

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

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
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 the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 66
  • Accountability: 95
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.5%; rating input score 94
  • Program expense ratio: 77.3%; rating input score 77
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -22.4%; rating input score 6; 6th percentile among comparable filings
  • Total-asset coverage ratio: 0.72; rating input score 27; 27th percentile among comparable filings
  • Liabilities to assets ratio: 0.53; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 68; 68th percentile among comparable filings

Growth

  • Program expense growth: 5.2% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 58th percentile among comparable filings
  • Asset growth: 7.8% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 93.5% of revenue deployed · 77.3% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.9M in reported program spending
  • Leadership: top reported pay $193K · 9 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $765K reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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: Operating margin scored 6/100.
  • High — Sustainability: Total-asset coverage ratio scored 27/100.
  • Review — Accountability: Governance controls: Conflict-of-interest policy not reported.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.