LOCKPORT NEW BEGINNINGS

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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

2001

Legal Domicile

Principal Officer

RENEE CHEATHAM

Phone

7164180592

Tax Period

2025-01-01 to 2025-12-31

LOCKPORT NEW BEGINNINGS, founded in 2001, is a micro nonprofit in the Education sector that reported $4K in total revenue in fiscal year 2025. Revenue surged 689% from the prior year, signaling strong growth momentum. Net assets of $39K represent 104 months of operating reserves.

Mission

HELP LOCAL YOUTH REACH THEIR FULL POTENTIAL BY PROVIDING AFTER SCHOOL SERVICES. OUR ACHIEVEMENTS ARE MEASURED BY THE SCCESS OF THE YOUTH WHO PARTICATED IN OUR PROGRAMS. NEW BEGINNINGS PROVIDES YOUTH ORIENTED AFTERSCHOOL MENTORING AND YOUTH ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $1,262 Revenue: $1,310

HELP MANY STUDENTS WITH AFTER SCHOOL PROGRAMS. HAD A VERY SUCCESSFUL WALK TO RAISE MONEY AND AWARENESS REGARDING YOUTH ISSUES. THE ORGANIZATION HAD A DINNER AND RAISED MORE FUNDS TO AWARD TWO...

HELP MANY STUDENTS WITH AFTER SCHOOL PROGRAMS. HAD A VERY SUCCESSFUL WALK TO RAISE MONEY AND AWARENESS REGARDING YOUTH ISSUES. THE ORGANIZATION HAD A DINNER AND RAISED MORE FUNDS TO AWARD TWO SCHOLARSHIPS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,930

Program Service Revenue $0

Investment Income $535

Other Revenue $0

TOTAL REVENUE $4,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,262

Other Expenses $4,660

TOTAL EXPENSES $4,660

Year-over-Year Comparison

	2025	2024	Change
Revenue	$4,465	$566	+6.9%
Expenses	$4,660	$5,354	-0.1%
Net Income	$-195	$-4,788	-1.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARSEE HERRING	PRESIDENT	005.00	Officer Director	$0	$0	$0
RONALD CHEATHAM	VICE PRESIDENT	010.00	Officer Director	$0	$0	$0
RENEE CHEATHAM	TREASURER	008.00	Officer Director	$0	$0	$0
SHANNON PATTERSON	SECRETARY	005.00	Officer Director	$0	$0	$0
MARCUS HAMILTON	BOARD MEMBER	002.00	Officer Director	$0	$0	$0
FATIMA HODGE	BOARD MEMBER	002.00	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	$4,465	$4,660	$38,519	$-195
2024	$566	$5,354	$27,845	$-4,788
2023	$5,343	$7,044	$32,633	$-1,701
2022	$8,263	$4,782	$34,334	$3,481
2021	$13,210	$5,580	$30,853	$7,630
2020	$14,715	$6,059	$38,605	$8,656
2019	$27,698	$15,047	$29,949	$12,651