CENTER FOR 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

1985

Legal Domicile

Principal Officer

NANCY DICKOWSKI

Phone

6034446465

Tax Period

2024-07-01 to 2025-06-30

CENTER FOR NEW BEGINNINGS, founded in 1985, is a small nonprofit in the Mental Health sector that reported $489K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum.

Mission

PROVIDE COUNSELING AND MENTAL HEALTH SERVICES TO FAMILIES AND INDIVIDUALS OF ALL AGES WITHIN A SAFE, WELCOMING, RESPECTFUL AND CONFIDENTAL ENVIROMENT.

Program Service Accomplishments

Program 1

Expenses: $377,982 Revenue: $425,124

TO ASSIST OUR CLIENTS TO FIND RELIEF OF THEIR SYMPTOMS BY IDENTIFYING STRESSORS, LEARNING COPING STRATEGIES AND IMPROVING SKILLS IN ORDER TO MOVE ON TO SAFER, HAPPIER, HEALTHIER AND MORE MEANINGFUL...

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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 $60,451

Program Service Revenue $425,124

Investment Income $2,963

Other Revenue $0

TOTAL REVENUE $488,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $409,839

Fundraising Expenses $0

Program Expenses $377,982

Other Expenses $64,669

TOTAL EXPENSES $474,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$488,538	$319,599	+0.5%
Expenses	$474,508	$343,403	+0.4%
Net Income	$14,030	$-23,804	-1.6%

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

$74,669

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN BOUCHARD	BUSINESS DIR	40.00	Officer	$74,669	$0	$74,669
NANCY DICKOWSKI	TREASURER	2.00	Officer Director	$0	$0	$0
CHRISTINE POLITO	DIRECTOR	1.00	Director	$0	$0	$0
ILMA GALEOTE	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE CARBONNEAU	DIRECTOR	1.00	Director	$0	$0	$0
KAY KERR	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL BAILY	DIRECTOR	1.00	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	$488,538	$474,508	$366,688	$14,030
2024	$319,599	$343,403	$346,936	$-23,804
2023	$344,914	$386,040	$375,659	$-41,126
2022	$440,694	$428,228	$418,001	$12,466
2021	$466,512	$399,100	$402,168	$67,412
2020	$423,989	$404,062	$400,997	$19,927
2019	$399,825	$419,097	$311,369	$-19,272
2018	$380,516	$400,137	$332,161	$-19,621