NEW FOUNDATIONS INC (EIN 061207406) - 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

1987

Legal Domicile

Principal Officer

SANDRA VINCENZO

Phone

2038794631

Tax Period

2024-07-01 to 2025-06-30

NEW FOUNDATIONS INC, founded in 1987, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2024.

Mission

TO PROVIDE RESIDENTIAL FACILITIES, SUPPORTED LIVING PROGRAMS, AND VOCATIONAL SUPPORTS FOR INDIVIDUALS WITH SPECIAL NEEDS WHO ARE LOCATED THROUGHOUT THE STATE OF CONNECTICUT.

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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 $75,967

Program Service Revenue $3,310,068

Investment Income $15,736

Other Revenue $7,857

TOTAL REVENUE $3,409,628

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,540,762

Fundraising Expenses $0

Program Expenses $2,841,770

Other Expenses $770,696

TOTAL EXPENSES $3,311,458

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,409,628	$3,206,544	+0.1%
Expenses	$3,311,458	$3,190,949	+0.0%
Net Income	$98,170	$15,595	+5.3%

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

$212,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANDRA VINCENZO	EXECUTIVE DI	40.00	Officer	$96,691	$30,314	$127,005
DONNA BUCK	FISCAL AFFAI	40.00	Officer	$83,553	$2,128	$85,681
MIKE HALAGAN	BOARD PRESID	0.50	Officer Director	$0	$0	$0
MIKE GACEK	BOARD SECRET	0.50	Officer Director	$0	$0	$0
MICHAEL CARLSON	BOARD MEMBER	0.50	Director	$0	$0	$0
TODD BURTON	BOARD MEMBER	0.50	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
2025	$3,409,628	$3,311,458	$2,499,878	$98,170
2024	$3,206,544	$3,190,949	$2,576,310	$15,595
2023	$2,982,965	$3,031,517	$2,384,207	$-48,552
2022	$2,865,149	$2,874,735	$1,984,728	$-9,586
2021	$3,167,032	$2,821,078	$2,155,390	$345,954
2020	$2,729,473	$2,677,741	$2,098,476	$51,732
2019	$2,608,513	$2,609,341	$1,750,733	$-828
2018	$2,526,526	$2,521,913	$1,844,941	$4,613

NEW FOUNDATIONS INC