NEW HORIZON ACADEMY FOR EXCEPTIONAL STUDENTSINC

EIN: 010706544 501(c)(3) Education

Ocala, FL

Total Revenue
$106,713
Total Expenses
$87,543
Total Assets
$111,355
Net Assets
$110,373
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
FL
Principal Officer
Amparo Perales
Phone
3524010980
Tax Period
2023-01-01 to 2023-12-31

NEW HORIZON ACADEMY FOR EXCEPTIONAL STUDENTSINC, founded in 2002, is a small nonprofit in the Education sector that reported $107K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $19K, a strong 18% operating margin.

Mission

THE SCHOOL PROVIDES EDUCATION FOR THE EXCEPTIONAL STUDENT, BY PROVIDING A STRUCTURED LEARNING ENVIRONMENT WHICH IS ADMINISTERED BY PROFESSIONAL EDUCATORS.

Program Service Accomplishments

Program 1
Expenses: $70,067 Revenue: $86,927

PROVIDE POSTITIVE BEHAVIOR SUPPORT STRATEGIES AND FUNCTIONAL COMMUNICATION TRAINING GEARED TOWARDS TEACHING OUR STUDENTS JOB TRAINING SKILLS WHILE ENCOURAGING INCLUSION WITHIN THE OCALA COMMUNITY.

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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 $0
Program Service Revenue $86,927
Investment Income $0
Other Revenue $19,786
TOTAL REVENUE $106,713

Expense Breakdown

Grants Paid $0
Salaries & Benefits $63,255
Fundraising Expenses $4,366
Program Expenses $70,067
Other Expenses $24,288
TOTAL EXPENSES $87,543

Year-over-Year Comparison

2023 2022 Change
Revenue $106,713 $97,621 +0.1%
Expenses $87,543 $84,990 +0.0%
Net Income $19,170 $12,631 +0.5%
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
7
Independent Members
7
Employees
3
Volunteers
7

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
5
$28,206
Total Directors
5
$28,220
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK SIMPSON TREASURER 2.00
Officer Director
$0 $0 $0
BRENDA SIMPSON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
BOBBIE JOE FROST BOARD MEMBER 2.00
Officer
$0 $0 $0
SARAH REED BOARD MEMBER 2.00
Director
$0 $0 $0
ANTOINETTE DEKKER BOARD MEMBER 25.00
Director
$28,220 $0 $28,220
BRENDA MAYNARD SECRETARY 2.00
Officer Director
$0 $0 $0
CHARITY GUIMARAES PRESIDENT 25.00
Officer
$28,206 $0 $28,206
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
2023 $106,713 $87,543 $111,355 $19,170
2022 $97,621 $84,990 $92,156 $12,631
2021 $83,237 $77,739 $78,572 $5,498
2020 $60,038 $80,342 $74,025 $-20,304
2019 $88,817 $94,080 $94,348 $-5,263
2018 $112,126 $103,599 $100,099 $8,527
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