NEW HORIZONS COMMUNITY CHARTER SCHOOL INC (EIN 223634375) - 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

2010

Legal Domicile

Principal Officer

TOM OMWEGA

Phone

9738480400

Tax Period

2024-07-01 to 2025-06-30

NEW HORIZONS COMMUNITY CHARTER SCHOOL INC, founded in 2010, is a mid-sized nonprofit in the Education sector that reported $12.3M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

The New Horizons Community Charter School is a NJ public school overseen by the State Department of Education. The school offers an academic program that encourages analytical thinking and creativity to help children become individuals of integrity, insight, autonomy and socially productive citizens.

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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 $12,275,707

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,275,707

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,090,038

Fundraising Expenses $0

Program Expenses $9,868,255

Other Expenses $3,131,561

TOTAL EXPENSES $12,221,599

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,275,707	$14,102,741	-0.1%
Expenses	$12,221,599	$11,724,922	+0.0%
Net Income	$54,108	$2,377,819	-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

109

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
ANNA COLON	TRUSTEE	005.00	Director	$0	$0	$0
EDGAR NEMORIN	PRESIDENT	005.00	Director	$0	$0	$0
DR OBIEFUNA OKAFOR	VICE PRESIDENT	005.00	Director	$0	$0	$0
CECILIA FAULKS	TRUSTEE	005.00	Director	$0	$0	$0
NELLY NOEL	TRUSTEE	005.00	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	$12,275,707	$12,221,599	$10,068,140	$54,108
2024	No data	No data	No data	No data
2023	$13,200,552	$10,976,309	$7,641,766	$2,224,243
2022	$11,426,862	$9,746,123	$5,535,445	$1,680,739
2021	$11,267,363	$9,660,372	$3,786,402	$1,606,991
2020	$10,663,984	$10,270,552	$2,175,105	$393,432
2019	$12,683,816	$12,798,946	$1,547,459	$-115,130
2018	$11,051,920	$10,607,945	$1,840,988	$443,975

NEW HORIZONS COMMUNITY CHARTER SCHOOL INC