NEW REACH INC (EIN 223037451) - 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

1990

Legal Domicile

Principal Officer

KELLYANN DAY

Phone

2034924866

Tax Period

2024-07-01 to 2025-06-30

NEW REACH INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $9.8M in total revenue in fiscal year 2024.

Mission

NEW REACH'S MISSION IS TO INSPIRE INDEPENDENCE FOR THOSE AFFECTED BY HOMELESSNESS 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 $8,256,619

Program Service Revenue $1,064,193

Investment Income $103,870

Other Revenue $379,563

TOTAL REVENUE $9,804,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,109,638

Fundraising Expenses $433,375

Program Expenses $7,569,980

Other Expenses $4,491,149

TOTAL EXPENSES $9,600,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,804,245	$9,839,132	0.0%
Expenses	$9,600,787	$10,910,539	-0.1%
Net Income	$203,458	$-1,071,407	-1.2%

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

131

Volunteers

100

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

$201,272

Total Directors

$201,272

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FREDERICK LEAF ESQ	CHAIR	1.00	Officer Director	$0	$0	$0
AISHIA BELLO	VICE CHAIR	1.00	Director	$0	$0	$0
EDWARD SIMON	TREASURER	1.00	Director	$0	$0	$0
SHALONTA FORD	SECRETARY	1.00	Officer Director	$0	$0	$0
SUNNY NARIYANI	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
WILLIE DOW	BOARD MEMBER	1.00	Director	$0	$0	$0
TARA COURTMANCHE	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE GLASSMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIA HUNT BOGARDUS	BOARD MEMBER	1.00	Director	$0	$0	$0
DWAYNE HICKS	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
SHABLIS STEHENS	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY VALENTINO	BOARD MEMBER	1.00	Director	$0	$0	$0
PAYAL KHANDHEDIA	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLYANN DAY	CEO	49.00	Officer Director	$195,726	$5,546	$201,272
NICOLE BARNOFSKI	CPO	39.00	Highest	$150,000	$0	$150,000
MEREDITH CLAY	CHIEF QUALITY AND COMPLIAN	39.00	Highest	$150,000	$0	$150,000

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	$9,804,245	$9,600,787	$20,108,459	$203,458
2024	$9,839,132	$10,910,539	$20,079,821	$-1,071,407
2023	$8,820,910	$9,711,142	$20,670,916	$-890,232
2022	$7,538,038	$8,223,825	$19,062,016	$-685,787
2021	$8,454,428	$7,425,944	$19,348,639	$1,028,484
2020	$7,718,696	$6,637,069	$18,989,807	$1,081,627
2019	$6,268,645	$6,290,723	$15,791,539	$-22,078

NEW REACH INC