New Foundation of Hope (EIN 260056052) - 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

2002

Legal Domicile

Principal Officer

Ron Mason

Phone

7739374040

Tax Period

2023-01-01 to 2023-12-31

New Foundation of Hope, founded in 2002, is a small nonprofit in the Youth Development sector that reported $749K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

The Program Activities of the New Foundation Of Hope are follows but not limited to After School Summer Camp, Mentorship Program, Food Distribution Holiday Event for Children, Dance Choreography Classes.

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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 (2023)

Revenue Breakdown

Contributions & Grants $230,289

Program Service Revenue $519,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $749,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,608

Fundraising Expenses $97,508

Other Expenses $558,872

TOTAL EXPENSES $750,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$749,289	$790,926	-0.1%
Expenses	$750,988	$778,764	0.0%
Net Income	$-1,699	$12,162	-1.1%

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
Ron Mason	Exec Director	060.00	Officer Director Key Emp Highest	$0	$0	$0
De One Johnson	Asst. Dircector	040.00	Officer	$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
2023	$749,289	$750,988	$18,754	$-1,699
2022	$790,926	$778,764	$20,453	$12,162
2021	$433,052	$424,761	$8,291	$8,291

New Foundation of Hope