NEW HORIZONS OF SOUTHWEST FLORIDA … - 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

2002

Legal Domicile

Principal Officer

LINDA M CUNNING PHD

Phone

2399484146

Tax Period

2024-09-01 to 2025-08-31

NEW HORIZONS OF SOUTHWEST FLORIDA INC, founded in 2002, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $2.8M left a modest 8% surplus.

Mission

NEW HORIZONS SUCCESSFULLY CHANGES THE LIVES OF UNDER-RESOURCED STUDENTS THROUGH TUTORING, MENTORING, FAITH AND CHARACTER-BUILDING IN ONE OF ITS TRUSTED NEIGHBORHOOD CLUBS.

Program Service Accomplishments

Program 1

Expenses: $2,070,209

NEW HORIZONS OF SOUTHWEST FLORIDA ENABLES UNDER-RESOURCED STUDENTS TO REACH THEIR FULL POTENTIAL BY OFFERING THEM AFTER SCHOOL AND SUMMER PROGRAMS. NEW HORIZONS HAS GROWN TO OFFER SEVEN PROGRAMS...

NEW HORIZONS OF SOUTHWEST FLORIDA ENABLES UNDER-RESOURCED STUDENTS TO REACH THEIR FULL POTENTIAL BY OFFERING THEM AFTER SCHOOL AND SUMMER PROGRAMS. NEW HORIZONS HAS GROWN TO OFFER SEVEN PROGRAMS, FREE OF CHARGE, TO OVER 500 STUDENTS K-12 AT 8 LOCATIONS IN SOUTHWEST FLORIDA. IN 2024-2025 78% OF OUR K-5TH GRADE STUDENTS WERE ABLE TO INCREASE THEIR LANGUAGE ARTS GRADES TO A "C- OR BETTER. EIGHTY-SIX PERCENT OF THE TEENS GAINED IN THEIR GRADES WITH A 2.0 OR GREATER GPA (46% WITH A 3.0 OR GREATER GPA). 100% OF THE PARENTS POLLED SAY THAT THEY HAVE SEEN THEIR CHILDREN GROW IN CHARACTER AND RESPONSIBILITY SINCE THEIR CHILD HAS BEEN ENROLLED WITH NEW HORIZONS OF SWFL.

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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 $2,667,143

Program Service Revenue $0

Investment Income $335,456

Other Revenue $-24,414

TOTAL REVENUE $2,978,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,039,088

Fundraising Expenses $171,649

Program Expenses $2,070,209

Other Expenses $711,867

TOTAL EXPENSES $2,750,955

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,978,185	$3,183,565	-0.1%
Expenses	$2,750,955	$2,963,792	-0.1%
Net Income	$227,230	$219,773	+0.0%

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

122

Volunteers

225

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

$112,336

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA M CUNNING PHD	CEO	50.00	Officer	$103,420	$8,916	$112,336
TERRI ALSEPT	SECRETARY	3.00	Officer Director	$0	$0	$0
DR DENISE CARLIN	DIRECTOR	2.00	Director	$0	$0	$0
JERRY CARLSON	DIRECTOR	2.00	Director	$0	$0	$0
PAT CAULEY	DIRECTOR	2.00	Director	$0	$0	$0
JUDY DOVE	DIRECTOR	3.00	Director	$0	$0	$0
EDITH HUNT	PAST CHAIR	4.00	Officer Director	$0	$0	$0
ELLEN NICHOLS	DIRECTOR	2.00	Director	$0	$0	$0
TERRI PILLA	DIRECTOR	3.00	Director	$0	$0	$0
DEBORAH PORTER	DIRECTOR	3.00	Director	$0	$0	$0
JOHN LA ROSA	FINANCE CHAI	8.00	Director	$0	$0	$0
DR LINDSAY SCHOFIELD	DIRECTOR	2.00	Director	$0	$0	$0
REV BRENT WHITEFIELD	DIRECTOR	2.00	Director	$0	$0	$0
JAMES YOST	CHAIR AND TR	20.00	Officer 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	$2,978,185	$2,750,955	$2,619,512	$227,230
2024	$3,183,565	$2,963,792	$2,535,482	$219,773
2023	$2,898,561	$2,845,414	$2,177,846	$53,147
2022	$3,538,061	$3,064,104	$2,002,661	$473,957
2021	$2,786,786	$2,780,628	$2,133,742	$6,158
2020	$2,786,812	$2,636,998	$1,918,104	$149,814
2019	$2,629,997	$2,254,298	$1,281,124	$375,699
2018	$1,777,436	$1,633,831	$962,007	$143,605

NEW HORIZONS OF SOUTHWEST FLORIDA INC