NEW ALTERNATIVES FOR CHILDREN INC

EIN: 133149298 501(c)(3)

NEW YORK, NY

Total Revenue
$35,102,290
Total Expenses
$36,042,003
Total Assets
$81,895,070
Net Assets
$15,006,828
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NY
Principal Officer
DAVID GOLDSTEIN
Phone
2126961550
Tax Period
2023-07-01 to 2024-06-30

NEW ALTERNATIVES FOR CHILDREN INC, founded in 1982, is a mid-sized nonprofit that reported $35.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

NAC'S MISSION IS TO PROVIDE INNOVATIVE HIGH-QUALITY SERVICES IN SUPPORT OF BIRTH, FOSTER, AND ADOPTIVE FAMILIES CARING PRIMARILY FOR MEDICALLY COMPLEX CHILDREN. NAC'S MISSION INCLUDES CHILDREN WITH SEVERE PHYSICAL, EMOTIONAL, AND BEHAVIORAL CHALLENGES AND DEVELOPMENTAL DISABILITIES. NAC'S SERVICES ENABLE CHILDREN TO REMAIN IN OR TO BE RETURNED TO THEIR FAMILIES WHENEVER POSSIBLE OR TO BE ADOPTED BY LOVING FAMILIES. WORKING PRIMARILY WITH CHILDREN WHOSE BIRTH FAMILIES LIVE IN POVERTY, NAC'S CONTINUUM OF SERVICES STRIVES TO MEET CHILDREN'S PHYSICAL, SOCIAL, EDUCATIONAL, RECREATIONAL, MEDICAL AND MENTAL HEALTH NEEDS. BY SUPPORTING FAMILIES NAC PREVENTS LENGTHY STAYS IN FOSTER CARE, HOSPITALS, OR OTHER INSTITUTIONS. NAC BUILDS ON FAMILY STRENGTHS, PROVIDES OPPORTUNITIES, AND ASSISTS ALL FAMILY MEMBERS IN REACHING FOR AND ACHIEVING THEIR POTENTIAL.

Program Service Accomplishments

Program 1
Expenses: $13,419,282 Revenue: $13,375,645

FOSTER CARE AND ADOPTION PROGRAMS INCLUDE SPECIALIZED FOSTER CARE FOR CHILDREN WHO ARE MEDICALLY COMPLEX, HAVE A DEVELOPMENTAL DISABILITY, HIV, OR WHO HAVE CO-OCCURRING MEDICAL AND MENTAL NEEDS. NEW...

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FOSTER CARE AND ADOPTION PROGRAMS INCLUDE SPECIALIZED FOSTER CARE FOR CHILDREN WHO ARE MEDICALLY COMPLEX, HAVE A DEVELOPMENTAL DISABILITY, HIV, OR WHO HAVE CO-OCCURRING MEDICAL AND MENTAL NEEDS. NEW ALTERNATIVES FOR CHILDREN PROVIDES ACS-CONTRACTED FOSTER CARE AND PREPARING YOUTH FOR ADULTHOOD SERVICES, WHICH TEACHES INDEPENDENT LIVING SKILLS FOR YOUTH IN FOSTER CARE. THE GOAL IS TO ASSURE PERMANENCY, SAFETY, AND WELLBEING. APPROXIMATELY 50% OF NAC CHILDREN ARE RETURNED TO THEIR BIRTH FAMILIES AND 50% ARE ADOPTED BY THEIR FOSTER FAMILY. CHILDREN AT NAC DO NOT AGE OUT OF FOSTER CARE AND LEAVE WITH A PERMANENT RESOURCE. NAC ALSO HAS A SIGNIFICANT KINSHIP PROGRAM, AND FAIR FUTURES.

Program 2
Expenses: $2,719,780 Revenue: $3,015,159

NAC PREVENTIVE SERVICES PROGRAM PROVIDES FAMILY STRENGTH-BASED SERVICES FOR BIRTH FAMILIES TO PREVENT THE PLACEMENT INTO FOSTER CARE OF CHILDREN WHO MAY BE AT RISK OF ABUSE/NEGLECT. NEW ALTERNATIVES...

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NAC PREVENTIVE SERVICES PROGRAM PROVIDES FAMILY STRENGTH-BASED SERVICES FOR BIRTH FAMILIES TO PREVENT THE PLACEMENT INTO FOSTER CARE OF CHILDREN WHO MAY BE AT RISK OF ABUSE/NEGLECT. NEW ALTERNATIVES PROVIDES INTENSIVE FAMILY SUPPORT AND THERAPUTIC SERVICES FOR THE MOST VULNERABLE CHILDREN IN NYC. SERVICES INCLUDE MENTAL HEALTH TREATMENT, PSYCHOLOGICAL TESTING, GROUP SERVICES, AND EDUCATIONAL SERVICES FOR PARENTS AND CHILDREN. 98% OF NAC CHILDREN IN PREVENTION DO NOT ENTER FOSTER CARE. ALL CASES ARE REVIEWED IN REGULAR CLINICAL CASE REVIEWS TO MEASURE PROGRESS AND GAINS. OUR EVIDENCED BASED BUILDING BLOCKS PROGRAMS HELP FAMILIES WITH BONDING AND ATTACHMENT ISSUES.

Program 3
Expenses: $2,855,558 Revenue: $2,729,289

CHAMPIONS FOR CHILDREN'S HEALTH PROGRAM - NAC SERVES AS A CARE MANAGEMENT AGENCY AS PART OF THE NEW YORK STATE MEDICAID HEALTH HOME PROGRAM. WITH A TEAM OF MASTER'S LEVEL CARE MANAGERS, NAC'S...

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CHAMPIONS FOR CHILDREN'S HEALTH PROGRAM - NAC SERVES AS A CARE MANAGEMENT AGENCY AS PART OF THE NEW YORK STATE MEDICAID HEALTH HOME PROGRAM. WITH A TEAM OF MASTER'S LEVEL CARE MANAGERS, NAC'S CHAMPIONS FOR CHILDREN'S HEALTH (C4CH) PROGRAM OFFERS INDIVIDUALIZED CASE MANAGEMENT AND CARE COORDINATION TO CHILDREN UP TO AGE 21 WHO HAVE SIGNIFICANT MEDICAL, DEVELOPMENTAL AND BEHAVIORAL HEALTH NEEDS. CHAMPIONS FOR CHILDREN'S HEALTH IS A FAMILY-CENTERED, VOLUNTARY HEALTHCARE SERVICE FOR NAC FAMILIES AND IS COMPLETELY SEPARATE FROM THE CHILD WELFARE SYSTEM.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,771,039
Program Service Revenue $24,518,074
Investment Income $868
Other Revenue $-187,691
TOTAL REVENUE $35,102,290

Expense Breakdown

Grants Paid $4,810,310
Salaries & Benefits $22,159,317
Fundraising Expenses $987,810
Program Expenses $30,892,472
Other Expenses $9,072,376
TOTAL EXPENSES $36,042,003

Year-over-Year Comparison

2023 2022 Change
Revenue $35,102,290 $37,837,731 -0.1%
Expenses $36,042,003 $37,306,749 0.0%
Net Income $-939,713 $530,982 -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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Governance

Voting Members
37
Independent Members
37
Employees
469
Volunteers
352

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
7
$680,604
Total Directors
37
$0
Key Employees
1
$283,348
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID SORKIN PRESIDENT 3.00
Officer Director
$0 $0 $0
VIVIAN FARAH VICE PRESIDENT 1.50
Officer Director
$0 $0 $0
JONATHAN KNEE VICE PRESIDENT 1.50
Officer Director
$0 $0 $0
MARK FITZPATRICK TREASURER 1.50
Officer Director
$0 $0 $0
FERN KHAN SECRETARY 0.50
Officer Director
$0 $0 $0
STEVEN AMATO DIRECTOR 1.00
Director
$0 $0 $0
TERRI AUSTIN DIRECTOR 1.50
Director
$0 $0 $0
BRYAN BELLER DIRECTOR 0.50
Director
$0 $0 $0
MARIAN BOTT DIRECTOR 0.50
Director
$0 $0 $0
HAZEL CARTER DIRECTOR 0.50
Director
$0 $0 $0
LISA CLYDE DIRECTOR 0.50
Director
$0 $0 $0
ASHLEY DAVIS DIRECTOR 0.50
Director
$0 $0 $0
PASCAL DESROCHES DIRECTOR 0.50
Director
$0 $0 $0
ADAM EPSTEIN DIRECTOR 1.00
Director
$0 $0 $0
NANCY FELSTEN DIRECTOR 0.50
Director
$0 $0 $0
ROBERT FRIEDMAN PRESIDENT EMERITUS 1.50
Director
$0 $0 $0
JILL GARNER DIRECTOR 1.50
Director
$0 $0 $0
SUSAN GEVERTZ DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH IANNIELLO DIRECTOR 0.50
Director
$0 $0 $0
RONALD IERVOLINO DIRECTOR 0.50
Director
$0 $0 $0
MARK KAPLAN DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE KIM DIRECTOR 0.50
Director
$0 $0 $0
ROBERT MARCUS DIRECTOR 1.50
Director
$0 $0 $0
ADAM MILLER DIRECTOR 0.50
Director
$0 $0 $0
THOMAS NEWMAN DIRECTOR 0.50
Director
$0 $0 $0
LAURA PARSONS DIRECTOR 0.50
Director
$0 $0 $0
ALLISON PENN DIRECTOR 0.50
Director
$0 $0 $0
JENNIFER PERKINS DIRECTOR 1.50
Director
$0 $0 $0
ELIZABETH PFORZHEIMER FOUNDING PRESIDENT 1.50
Director
$0 $0 $0
EUGENE PINOVER DIRECTOR 2.00
Director
$0 $0 $0
SAM RAMOS DIRECTOR 0.50
Director
$0 $0 $0
GLENN RUFRANO DIRECTOR 0.50
Director
$0 $0 $0
ROBERT SCHUMER DIRECTOR 0.50
Director
$0 $0 $0
MERYL SHERMAN DIRECTOR 0.50
Director
$0 $0 $0
TARYN SIGLAIN DIRECTOR 0.50
Director
$0 $0 $0
THOMAS UGER DIRECTOR 0.50
Director
$0 $0 $0
NICOLE WASHINGTON DIRECTOR 0.50
Director
$0 $0 $0
ARLENE GOLDSMITH EXEC DIR (FOUNDER FROM 3/2024) 35.00
Officer
$403,311 $30,565 $433,876
DAVID GOLDSTEIN COO (EXEC DIR FROM 3/2024) 35.00
Officer
$211,014 $35,714 $246,728
KHALID KHAN DIRECTOR OF MENTAL HEALTH 35.00
Key Emp
$262,212 $21,136 $283,348
ALEX OKUN MEDICAL DIRECTOR 35.00
Highest
$215,220 $2,414 $217,634
TARA RICHARDSON PSYCHIATRIC PNP 35.00
Highest
$147,152 $10,555 $157,707
JENNY TRASLAVINA DIR DVELOPMENT 35.00
Highest
$133,928 $15,719 $149,647
DAWN SHAMMAS DIRECTOR, LEGAL SERVICES 35.00
Highest
$138,754 $34,807 $173,561
PATRICIA BRYANT REID ASSOC EXEC. DIR 35.00
Highest
$132,163 $13,779 $145,942
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 No data No data No data No data
2024 $35,102,290 $36,042,003 $81,895,070 $-939,713
2023 $37,837,731 $37,306,749 $83,202,447 $530,982
2022 $35,313,076 $29,486,340 $18,722,181 $5,826,736
2021 $29,422,220 $27,641,565 $14,403,157 $1,780,655
2020 $31,100,725 $27,675,922 $16,721,551 $3,424,803
2019 $24,445,913 $25,754,510 $8,901,063 $-1,308,597
2018 $23,557,749 $23,129,504 $10,196,259 $428,245
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