NEW HORIZON FOSTER CARE AGENCY INC (EIN 043686610) - 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

2002

Legal Domicile

Principal Officer

TERRELL LOWERY

Phone

9167390100

Tax Period

2022-01-01 to 2022-12-31

NEW HORIZON FOSTER CARE AGENCY INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $477K in total revenue in fiscal year 2022. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $587K exceeded revenue, resulting in a 23% operating deficit.

Mission

RESIDENTIAL CARE AND TREATMENT OF EMOTIONALLY AND PHYSICALLY NEGLECTED CHILDREN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $476,851

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $476,851

Expense Breakdown

Grants Paid $0

Salaries & Benefits $279,945

Fundraising Expenses $0

Program Expenses $351,722

Other Expenses $307,250

TOTAL EXPENSES $587,195

Year-over-Year Comparison

	2022	2021	Change
Revenue	$476,851	$872,653	-0.5%
Expenses	$587,195	$812,097	-0.3%
Net Income	$-110,344	$60,556	-2.8%

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

N/A

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

$194,400

Total Directors

$194,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE LOWERY	BOARD MEMBER/SECTY/ADMINISTRATOR	040.00	Officer Director	$99,900	$0	$99,900
TERRELL LOWERY	BOARD MEMBER/CEO/CFO	040.00	Officer Director	$94,500	$0	$94,500
SANDRA MOORE	BOARD MEMBER	001.00	Director	$0	$0	$0
DAMON JONES	BOARD MEMBER	001.00	Director	$0	$0	$0
MATTHEW SCOTT	BOARD MEMBER	001.00	Director	$0	$0	$0

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
2022	$476,851	$587,195	$123,069	$-110,344
2021	$872,653	$812,097	$253,993	$60,556
2020	$704,275	$710,281	$249,400	$-6,006
2019	$597,380	$600,270	$44,373	$-2,890
2018	$491,349	$519,094	$49,115	$-27,745

NEW HORIZON FOSTER CARE AGENCY INC