NEW BEGINNINGS INC

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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

2008

Legal Domicile

Principal Officer

Alim Mohammad

Phone

4105978092

Tax Period

2024-07-01 to 2025-06-30

NEW BEGINNINGS INC, founded in 2008, is a mid-sized nonprofit in the Human Services sector that reported $10.1M in total revenue in fiscal year 2024. Expenses of $9.6M left a modest 5% surplus.

Mission

New Beginnings Inc. provides services to people with intellectual and developmental disabilities.

Program Service Accomplishments

Program 1

Expenses: $5,955,379

The Organizations mission is to provide caring and quality services to people with intellectural and developmental disabilities, all while empowering people to make individualized choices in all...

The Organizations mission is to provide caring and quality services to people with intellectural and developmental disabilities, all while empowering people to make individualized choices in all aspects of life.

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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 $0

Program Service Revenue $9,847,450

Investment Income $0

Other Revenue $233,456

TOTAL REVENUE $10,080,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,294,011

Fundraising Expenses $0

Program Expenses $5,955,379

Other Expenses $4,322,231

TOTAL EXPENSES $9,616,242

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,080,906	$10,331,950	0.0%
Expenses	$9,616,242	$8,416,736	+0.1%
Net Income	$464,664	$1,915,214	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Alim Mohammad	PresidentCEO	Officer Director Highest	$0	$0	$0
Steven Howard	Vice President	Officer Director	$0	$0	$0
Ron Praylon	Director	Director	$0	$0	$0
Joyce Uduehi	HR Director	Director Key Emp	$0	$0	$0
Latoya Jackson	Accountant	Key Emp	$0	$0	$0
Kelly Umechurba	Quality Assurance	Key Emp	$0	$0	$0
Kelly Bjerkness	Nurse	Key Emp	$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	$10,080,906	$9,616,242	$8,276,853	$464,664
2024	$10,331,950	$8,416,736	$7,901,280	$1,915,214
2023	$8,565,635	$5,794,893	$4,382,955	$2,770,742
2022	$5,173,025	$4,062,628	$3,970,031	$1,110,397
2021	$5,324,418	$3,206,778	$3,094,076	$2,117,640
2020	$3,756,212	$3,321,407	$1,557,833	$434,805
2019	$2,574,187	$2,370,103	$641,894	$204,084
2018	$2,217,718	$1,969,136	$300,385	$248,582