NEW BEGINNINGS

EIN: 010360077 501(c)(3) Human Services

LEWISTON, ME

Total Revenue
$4,107,162
Total Expenses
$3,837,759
Total Assets
$6,264,114
Net Assets
$5,109,491
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
ME
Principal Officer
CHRIS BICKNELL
Phone
2077954077
Tax Period
2023-01-01 to 2023-12-31

NEW BEGINNINGS, founded in 1977, is a community nonprofit in the Human Services sector that reported $4.1M in total revenue in fiscal year 2023. Expenses of $3.8M left a modest 7% surplus.

Mission

SHELTER, HOUSING, AND SUPPORTIVE SERVICES FOR RUNAWAY AND HOMELESS YOUTH. MISSION IS TO PARTNER WITH YOUTH TO CREATE LASTING CHANGE SO ALL YOUTH HAVE A SAFE PLACE TO LIVE AND OPPORTUNITIES TO GROW. OUR VISION IS A WORLD WHERE ALL YOUTH ARE SAFE AND VALUED IN THEIR COMMUNITIES. WHETHER A YOUNG PERSON IS FACING A NIGHT ON THE STREETS FOR THE VERY FIRST TIME OR HAS BEEN ON THEIR OWN FOR YEARS, NEW BEGINNINGS CAN HELP. EACH YEAR WE PROVIDE HUNDREDS OF CHILDREN, TEENS, AND YOUNG ADULTS WITH OPPORTUNITIES FOR THE SAFETY, CONNECTIONS, AND GROWTH THAT THEY NEED TO THRIVE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,855,709
Program Service Revenue $201,091
Investment Income $8,621
Other Revenue $41,741
TOTAL REVENUE $4,107,162

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,730,318
Fundraising Expenses $32,733
Program Expenses $2,874,508
Other Expenses $1,107,441
TOTAL EXPENSES $3,837,759

Year-over-Year Comparison

2023 2022 Change
Revenue $4,107,162 $4,094,330 +0.0%
Expenses $3,837,759 $3,341,070 +0.1%
Net Income $269,403 $753,260 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
71
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$211,095
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steven McDermott President 1.00
Officer Director
$0 $0 $0
Nancy Grenier Vice President 1.00
Officer Director
$0 $0 $0
Molly Watson Shukie Secretary 1.00
Officer Director
$0 $0 $0
Melissa Farinas Treasurer 1.00
Director
$0 $0 $0
Chelsea Amaio Director 1.00
Director
$0 $0 $0
Beverly Hubbard Director 1.00
Director
$0 $0 $0
T Melissa Hue Director 1.00
Director
$0 $0 $0
Peggy McRae Director 1.00
Director
$0 $0 $0
Christopher Bicknell Executive Director 40.00
Officer
$91,605 $35,772 $127,377
Karen Caldwell Murphy Director of Finance 40.00
Officer
$11,933 $5,598 $17,531
Stephanie Saltzman Director of Finance 40.00
Officer
$60,611 $5,576 $66,187
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $4,107,162 $3,837,759 $6,264,114 $269,403
2022 $4,094,330 $3,341,070 $6,222,797 $753,260
2021 $2,943,859 $2,991,302 $4,965,912 $-47,443
2020 $3,307,258 $3,039,761 $5,049,320 $267,497
2019 $2,704,384 $3,053,113 $4,790,832 $-348,729
2018 $3,346,618 $2,857,300 $5,217,105 $489,318
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