NEW ECONOMY PROJECT INC (EIN 133842270) - 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

1995

Legal Domicile

Principal Officer

DEYANIRA DEL RIO

Phone

2126805100

Tax Period

2024-07-01 to 2025-06-30

NEW ECONOMY PROJECT INC, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 54% operating margin.

Mission

NEW ECONOMY PROJECT'S MISSION IS TO WORK WITH COMMUNITY GROUPS TO BUILD A JUST ECONOMY THAT WORKS FOR ALL, BY FOSTERING COOPERATIVE AND COMMUNITY-LED DEVELOPMENT AND CHALLENGING SYSTEMS THAT FUEL INEQUALITY AND POVERTY.

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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 $4,868,861

Program Service Revenue $360,462

Investment Income $246,242

Other Revenue $5,834

TOTAL REVENUE $5,481,399

Expense Breakdown

Grants Paid $114,500

Salaries & Benefits $1,928,137

Fundraising Expenses $205,450

Program Expenses $2,025,387

Other Expenses $462,138

TOTAL EXPENSES $2,504,775

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,481,399	$3,886,355	+0.4%
Expenses	$2,504,775	$2,334,572	+0.1%
Net Income	$2,976,624	$1,551,783	+0.9%

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

$192,198

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEYANIRA DEL RIO	Executive Dir.	40.00	Officer	$184,854	$7,344	$192,198
SUSAN SHIN	LEGAL DIRECTOR	40.00		$147,900	$36,284	$184,184
ANDY MORRISON	ASSOCIATE DIR.	40.00		$137,700	$9,708	$147,408
GRACE CHUNG	DEVELOPMENT DIR.	40.00		$129,030	$14,714	$143,744
MATT WILDEY	OPERATION MANAGER	40.00		$102,765	$14,937	$117,702
AKILAH BROWNE	Treasurer	1.00	Officer Director	$0	$0	$0
ERICA GONZALEZ	BOARD MEMBER	0.50	Director	$0	$0	$0
GOWRI KRISHNA	BOARD MEMBER	0.50	Director	$0	$0	$0
KRISHNA OMOLADE	BOARD MEMBER	0.50	Director	$0	$0	$0
BRENDAN MARTIN	BOARD-DEC 2024	0.50	Director	$0	$0	$0
LINDA LEVY	BOARD MEMBER	0.50	Director	$0	$0	$0
AZADEH KHALILI	President	1.00	Officer Director	$0	$0	$0
SHABNAM FARUKI	Secretary	1.00	Officer Director	$0	$0	$0
JENNIFER CHING	Vice President	1.00	Officer Director	$0	$0	$0
MICHAEL PARTIS	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	$5,481,399	$2,504,775	$12,050,348	$2,976,624
2024	$3,886,355	$2,334,572	$8,893,886	$1,551,783
2023	$2,004,097	$2,156,817	$7,327,942	$-152,720
2022	$2,539,843	$1,791,931	$7,483,588	$747,912
2021	$1,767,258	$1,514,338	$6,956,184	$252,920
2020	$1,571,422	$1,849,941	$6,674,948	$-278,519
2019	$1,651,736	$1,825,627	$6,756,063	$-173,891
2018	$1,315,459	$1,700,106	$6,912,838	$-384,647

NEW ECONOMY PROJECT INC