New Harvest Educational Centers Inc (EIN 203080664) - 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

2003

Legal Domicile

Principal Officer

Chuck Pellham

Phone

8639833181

Tax Period

2024-01-01 to 2024-12-31

New Harvest Educational Centers Inc, founded in 2003, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 12% surplus.

Mission

Our mission is to provide an affordable Christ-centered education in a loving and stimulating environment that focuses on high academic standards and excellence in character.

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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 $2,228,184

Investment Income $52,842

Other Revenue $0

TOTAL REVENUE $2,281,026

Expense Breakdown

Grants Paid $1,749

Salaries & Benefits $1,334,404

Fundraising Expenses $1,282

Program Expenses $1,899,159

Other Expenses $681,556

TOTAL EXPENSES $2,017,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,281,026	$1,923,062	+0.2%
Expenses	$2,017,709	$1,985,021	+0.0%
Net Income	$263,317	$-61,959	-5.2%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Pelham	President	5.00	Officer Director	$0	$0	$0
Clyde Johnson	Director	5.00	Officer Director	$0	$0	$0
Leonard Carroll	Director	5.00	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
2024	$2,281,026	$2,017,709	$3,877,254	$263,317
2023	$1,923,062	$1,985,021	$3,654,374	$-61,959
2022	$1,880,016	$1,676,002	$3,648,093	$204,014
2021	$1,358,739	$1,280,169	$2,895,648	$78,570
2020	$1,675,178	$1,189,097	$784,454	$486,081
2019	$1,688,491	$1,223,444	$1,037,080	$465,047
2018	$1,144,870	$1,079,362	$641,777	$65,508

New Harvest Educational Centers Inc