WORCESTER NEW HORIZONS INC C/O RCA… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

BRIAN SCALES

Phone

9786306600

Tax Period

2024-07-01 to 2025-06-30

WORCESTER NEW HORIZONS INC C/O RCAP SOLUTIONS INC, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $847K in total revenue in fiscal year 2024.

Mission

TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 34 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR HANDICAPPED PERSONS IN WORCESTER, MA.

Program Service Accomplishments

Program 1

Expenses: $799,319 Revenue: $147,046

TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 34 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR HANDICAPPED PERSONS IN WORCESTER, MA.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $699,685

Program Service Revenue $143,485

Investment Income $235

Other Revenue $3,561

TOTAL REVENUE $846,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $799,319

Other Expenses $848,884

TOTAL EXPENSES $848,884

Year-over-Year Comparison

	2024	2023	Change
Revenue	$846,966	$819,777	+0.0%
Expenses	$848,884	$779,441	+0.1%
Net Income	$-1,918	$40,336	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$351,601

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD E BRADWAY	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL KENNEDY	DIRECTOR	0.10	Director	$0	$0	$0
STEPHEN D STOLBERG	DIRECTOR	0.10	Director	$0	$0	$0
BRIAN SCALES	PRESIDENT/TREASURER	0.10	Officer	$0	$15,270	$273,015
DEBORAH FOLEY	CLERK/RESIDENT AGENT	0.10	Officer	$0	$0	$78,586

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	$846,966	$848,884	$1,003,963	$-1,918
2024	$819,777	$779,441	$1,097,680	$40,336
2023	$778,950	$748,690	$1,174,265	$30,260
2022	$778,226	$745,782	$1,145,784	$32,444
2021	$731,960	$679,026	$1,162,952	$52,934
2020	$736,519	$683,539	$1,157,062	$52,980
2019	$719,066	$704,761	$1,126,324	$14,305
2018	$711,357	$714,135	$1,147,321	$-2,778

WORCESTER NEW HORIZONS INC C/O RCAP SOLUTIONS INC