NEW PROFIT INC (EIN 043396766) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

DOUG BORCHARD

Phone

6179128800

Tax Period

2024-01-01 to 2024-12-31

NEW PROFIT INC, founded in 1997, is a mid-sized nonprofit in the Community Improvement sector that reported $33.6M in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $43.7M exceeded revenue, resulting in a 30% operating deficit.

Mission

NEW PROFIT IS A VENTURE PHILANTHROPY ORGANIZATION THAT CATALYZES THE IMPACT OF SOCIAL ENTREPRENEURS WHO ARE EXPANDING ACCESS AND OPPORTUNITY IN AMERICA. WE PROVIDE CAPITAL, CAPACITY, AND COMMUNITY TO A PORTFOLIO OF ORGANIZATIONS TO INCREASE THEIR IMPACT, SCALE, AND SUSTAINABILITY. AND WE PARTNER WITH SOCIAL ENTREPRENEURS, PHILANTHROPISTS, AND CROSS-SECTOR LEADERS TO SHIFT HOW THE PHILANTHROPIC SECTOR PURSUES SOCIAL CHANGE AND ENSURES THAT EVERYONE IN AMERICA CAN THRIVE. SINCE 1998, NEW PROFIT HAS INVESTED OVER $350M IN 275+ HIGH-IMPACT ORGANIZATIONS SERVING MORE THAN 35 MILLION PEOPLE IN ALL 50 STATES.

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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 $29,503,554

Program Service Revenue $109,958

Investment Income $4,011,814

Other Revenue $0

TOTAL REVENUE $33,625,326

Expense Breakdown

Grants Paid $16,880,857

Salaries & Benefits $16,511,053

Fundraising Expenses $3,408,267

Program Expenses $34,479,159

Other Expenses $10,357,003

TOTAL EXPENSES $43,748,913

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,625,326	$74,873,760	-0.6%
Expenses	$43,748,913	$40,589,935	+0.1%
Net Income	$-10,123,587	$34,283,825	-1.3%

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

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

$1,594,339

Total Directors

$936,860

Key Employees

$833,348

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TULAINE MONTGOMERY	CEO	45.00	Officer Director	$523,644	$17,045	$540,689
VANESSA KIRSCH	FOUNDER IN RESIDENCE AND SENIOR PARTNER	45.00	Officer Director	$361,450	$34,721	$396,171
STEVE JENNINGS	CHAIRMAN	1.00	Officer Director	$0	$0	$0
STEVE BARNES	DIRECTOR (UNTIL 5/2024)	1.00	Director	$0	$0	$0
JOSH BEKENSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
KERWIN CHARLES	DIRECTOR	1.00	Director	$0	$0	$0
SAM COBBS	DIRECTOR	1.00	Director	$0	$0	$0
ALISA DOCTOROFF	DIRECTOR	1.00	Director	$0	$0	$0
DAVID GERGEN	DIRECTOR	1.00	Director	$0	$0	$0
STACY JANIAK	DIRECTOR	1.00	Director	$0	$0	$0
WENDY KOPP	DIRECTOR	1.00	Director	$0	$0	$0
MATT LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
HENRY MCCANCE	DIRECTOR	1.00	Director	$0	$0	$0
DUNCAN MCFARLAND	DIRECTOR	1.00	Director	$0	$0	$0
KWASI MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
VALERIE MOSLEY	DIRECTOR (UNTIL 10/2024)	1.00	Director	$0	$0	$0
KRISTIN MUGFORD	DIRECTOR	1.00	Director	$0	$0	$0
MARK NUNNELLY	DIRECTOR (UNTIL 5/2024)	1.00	Director	$0	$0	$0
DEBORAH QUAZZO	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RICE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SPECTOR	DIRECTOR	1.00	Director	$0	$0	$0
VENKAT SRINIVASAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY WALKER	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS BORCHARD	MANAGING PARTNER, COO	45.00	Officer	$345,173	$21,002	$366,175
IAN MAGEE	MANAGING PARTNER, CFO	45.00	Officer	$274,268	$17,036	$291,304
ELIZA GREENBERG	PRESIDENT	45.00	Key Emp	$342,703	$27,282	$369,985
GIA TRUONG	MANAGING PARTNER, EQUITY & PROXIMITY	45.00	Key Emp	$248,766	$34,707	$283,473
MATRIKA BAILEY-TURNER	CHIEF OF STAFF	45.00	Key Emp	$169,016	$10,874	$179,890
DAVID LEVY	SENIOR ADVISOR	45.00	Highest	$359,965	$8,168	$368,133
DEBORAH SMOLOVER	MANAGING PARTNER,ED OF AMERICA FORWARD	45.00	Highest	$338,948	$33,283	$372,231
SHRUTI SEHRA	MANAGING PARTNER,ECOSYSTEM BUILDING AND EDUCATION	45.00	Highest	$248,261	$17,026	$265,287
SHAWN DOVE	MANAGING PARTNER,ECOSYSTEM BUILDING	45.00	Highest	$245,522	$28,707	$274,229
DERREK SHULMAN	PARTNER, SENIOR PHILANTHROPIC ADVISOR	45.00	Highest	$231,658	$34,704	$266,362

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
2024	$33,625,326	$43,748,913	$120,251,296	$-10,123,587
2023	$74,873,760	$40,589,935	$130,066,105	$34,283,825
2022	$22,156,350	$35,518,909	$102,096,696	$-13,362,559
2021	$77,118,974	$27,480,677	$113,525,114	$49,638,297
2020	$21,481,917	$31,384,777	$64,312,700	$-9,902,860
2019	$46,877,712	$22,628,482	$74,161,462	$24,249,230
2019	$46,877,712	$22,628,482	$74,161,462	$24,249,230
2018	$28,289,763	$22,945,350	$50,713,445	$5,344,413

NEW PROFIT INC