NEW CENTURY ACADEMY

EIN: 020574622 501(c)(3) Education

HUTCHINSON, MN

Total Revenue
$2,448,224
Total Expenses
$2,452,368
Total Assets
$984,899
Net Assets
$-399,600
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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
MN
Principal Officer
JASON BECKER
Phone
3202343660
Tax Period
2024-07-01 to 2025-06-30

NEW CENTURY ACADEMY, founded in 2002, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO ENGAGE STUDENTS IN CRITICAL THINKING AND TEAMWORK THAT EMPOWERS THEM TO LIFE-LONG LEARNING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,350,856
Program Service Revenue $60,050
Investment Income $1,775
Other Revenue $35,543
TOTAL REVENUE $2,448,224

Expense Breakdown

Grants Paid $0
Salaries & Benefits $992,355
Fundraising Expenses $0
Program Expenses $2,113,972
Other Expenses $1,460,013
TOTAL EXPENSES $2,452,368

Year-over-Year Comparison

2024 2023 Change
Revenue $2,448,224 $2,167,228 +0.1%
Expenses $2,452,368 $2,378,413 +0.0%
Net Income $-4,144 $-211,185 -1.0%
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
5
Independent Members
4
Employees
35
Volunteers
4

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
4
$167,430
Total Directors
5
$50,799
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KELSEY DOLGE VICE CHAIR/TEACHER 42.00
Officer Director
$46,877 $3,922 $50,799
KATHY PRELLWITZ CHAIR 6.00
Officer Director
$0 $0 $0
TRACI SHUTZ SECRETARY 2.00
Officer Director
$0 $0 $0
HEATHER FINNELL MEMBER 2.00
Director
$0 $0 $0
TINA MYLLYKANGAS MEMBER 1.00
Director
$0 $0 $0
JASON BECKER EXECUTIVE DIRECTOR 40.00
Officer
$106,553 $10,078 $116,631
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 $2,448,224 $2,452,368 $984,899 $-4,144
2024 $2,167,228 $2,378,413 $1,072,459 $-211,185
2023 $2,215,453 $2,339,006 $1,262,578 $-123,553
2022 $3,025,339 $2,804,512 $6,229,646 $220,827
2021 $2,858,746 $2,756,004 $6,186,985 $102,742
2020 $2,483,142 $2,469,604 $1,880,054 $13,538
2019 $2,683,727 $2,458,862 $2,214,809 $224,865
2018 $2,304,830 $2,288,920 $2,094,065 $15,910
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