Pathlight INC EIN 04-2210685

Pathlight INC FY2024 filing

EIN  04-2210685 Unknown exempt organization Springfield, MA Founded 1952
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →
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Verified accurate 8/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Builds relationships and creates opportunities for people with disabilities and their families.
Leadership
Mariame Kounta · VP of Nursing (until 11/23) · $177K
Money in and out
$41.3M revenue, $42.9M expenses
Bottom line
-4% surplus margin

Builds relationships and creates opportunities for people with disabilities and their families. For fiscal year 2024 it reported $41.3M in revenue, $42.9M in expenses, and $13.8M in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$41.3M
Pt VIII · Ln 12
Total expenses
$42.9M
Pt IX · Ln 25
Net assets
$13.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.6M
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.10 Fundraising $0.00
Surplus margin
-4%
revenue over expenses, this year
Program spending
90%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$41.3M
FY2024▲ +6%
Expenses
$42.9M
FY2024▲ +5%
Total assets
$30.1M
FY2024▲ +5%
Total liabilities
$16.3M
FY2024▲ +27%
Total revenue
$41.3M
Pt VIII · Ln 12
Total expenses
$42.9M
Pt IX · Ln 25
Net assets
$13.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.6M
Total assetsPt X · Ln 16$30.1M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

3 program services account for $38.5M of program spending, described in the organization's own filed words · FY2023.
01

Residential supports provides staff support and assistance with housing arrangements for individuals with developmental disabilities so that they have the opportunity to form meaningful relationships and be involved in the community.

$23.6Mprogram expense
02

Family based shared living provides shared living opportunities that match individuals with developmental disabilities, medical and personal care needs with families in the community so that they can develop and grow in the privacy and dignity of a natural living situation and experience the normal activities of familiy and community…

$9.5Mprogram expense
03

Family support services includes autism connections, family empowerment, whole children, milestones and whole selves. These services provide support, information and help for individuals with austism spectrum disorders and their families; referral, support groups, training, case management and direct services for children and adults with…

$5.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPathlight INC
EINHdr · item D04-2210685
Principal addressHdr · item CSpringfield, MA
WebsiteHdr · item Jwww.pathlightgroup.org
Year of formationHdr · item L1952
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
VP of Nursing (until 11/23)
$177,149Pt VII · Sec A
$142,296Pt VII · Sec A
Registered Nurse
$134,684Pt VII · Sec A
Executive Director (until 7/21/23)
$134,306Pt VII · Sec A
$127,364Pt VII · Sec A
CFO/VP of Admin
$124,996Pt VII · Sec A
Direct Support Professional 2
$124,567Pt VII · Sec A
$88,906Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Ruth Banta$201,264$182,293$174,780
Mariame Kounta$177,149$116,456$132,369$108,473
Nadine Kosman$131,591$142,296$147,134$145,327
Marian Ako-Brew$134,684$144,953$120,715
Chad Carter$142,310
Marcia Morris-Lessard$141,131$88,906
Gina Vona$139,348
John Roberson$134,306$127,756

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$35.2M · 85%
Program service revenue$4.4M · 11%
Investment income$1.7M · 4%
Contributions & grants85%$35.2M
Program service revenue11%$4.4M
Investment income4%$1.7M
Other revenue$47K
— government grantsLn 1e$34.9M
Total revenueLn 12$41.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.10 Fundraising $0.00
Program services90%$38.5M
Management & general10%$4.3M
Fundraising$178K
Total functional expensesLn 25$42.9M

Balance Sheet

Part X · end of year
CashLn 1$407K
Total assetsLn 16$30.1M
Total liabilitiesLn 26$16.3M
Total net assetsLn 32$13.8M
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10.8M · Operating expenses/yr $42.9M
3.0 months
Where the money goes
Program services
Program services $38.5M · Total expenses $42.9M
90%
Management & General
Management & general $4.3M · Total expenses $42.9M
10%
Fundraising
Fundraising $178K · Total expenses $42.9M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $151K · Solicited contributions (3-yr avg) $315K
$0.48 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $35.2M · Total revenue $41.3M
85%
Government reliance
Government grants $34.9M · Total revenue $41.3M
85%
Earned-income share
Program service revenue $4.4M · Total revenue $41.3M
11%
Investment reliance
Investment income $1.7M · Total revenue $41.3M
+4%
Program self-sufficiency
Program service revenue $4.4M · Total expenses $42.9M
10%
Growth & trend
Revenue growth (YoY)
This year $41.3M · Prior year $38.9M
+6%
Revenue CAGR
FY2019 $33.9M · FY2023 $41.3M
+5%
Net-asset trend (YoY)
End of year $13.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $41.3M · Expenses $42.9M
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $30.1M
Net-asset ratio
Net assets $13.8M · Total assets $30.1M
46%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $10.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $30.1M
34%
People & payroll
Highest Reported Total Compensation
Individual Mariame Kounta · Reported title VP OF NURSING (UNTIL 11/23) · Highest reported compensation $177K · Total expenses $42.9M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $25.6M · Total expenses $42.9M
60%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 10%
Fundraising cost ratio 1%
Revenue growth 6%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$27.3M revenue · ⤓ 990 PDF
FY2024$41.3M revenue · viewing · ⤓ 990 PDF
FY2023$38.9M revenue · ⤓ 990 PDF
FY2022$39.9M revenue · ⤓ 990 PDF
FY2021$35.1M revenue · ⤓ 990 PDF
FY2020$33.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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