Patriots Path
Nonprofit profile at a glance
- EIN
- 462813543
- IRS 990-EZ coverage
- 2016–2023
- Forms available
- Form 990-EZ 2023, Form 990-N 2015
- Location
- Charlotte, NC, USA
- Phone
- 7043695500
- Rating
- 96
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Military, Veterans' Organizations
Reported finances
- Revenue
- $85,543
- Expenses
- $130,968
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- Katie Greeson (Chairman)
- Bennie Anderson (Director)
- Mike Keating (Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Patriots Path is a non-profit organization that supports veterans, transitioning service members, and military spouses in finding meaningful employment opportunities by defining career goals, mapping out job search strategies, identifying opportunities, creating a marketing approach and connecting within our community to peers, mentors and coaches for continued networking and support.
What it reported doing in 2023
In spite of our necessary shift to online delivery for all courses and activitiesin 2020 and 2021, we continued to increase the number of Veterans served and held more courses and events year over year! With this new online platform, Patriots Path began serving Veterans from around the world as they prepared to separate from military service, growing from a more regional footprint in prior years. We also held our second "Women Veterans Only" course to focus on this diverse group. Additionally, Patriots Path formed a stronger partnership with Veterans Bridge Home (another regional Veterans Service Organization - nonprofit) to more seamlessly provide wraparound services for Veterans and their families.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- 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
STRONG - 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: 100
- Transparency & Controls: 100
- Sustainability: 13
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -53.1%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 13.9% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 7.6% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: 8.6% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $131K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 4 filed schedules
- Filing history: 8 filing years from 2016 to 2023
- Contacts: How to reach this organization
- 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 — Sustainability: Operating margin scored 13/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.