NEW WAY GROUP HOME (EIN 261183704) - 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

2007

Legal Domicile

Principal Officer

THINH PHAM

Phone

8052017976

Tax Period

2024-07-01 to 2025-06-30

NEW WAY GROUP HOME, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $2.9M exceeded revenue, resulting in a 10% operating deficit.

Mission

RESIDENTIAL CARE AND TREATMENT OF EMOTIONALLY AND PHYSICALLY NEGLECTED CHILDREN.

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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 $2,663,884

Program Service Revenue $0

Investment Income $99

Other Revenue $0

TOTAL REVENUE $2,663,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,884,206

Fundraising Expenses $0

Program Expenses $2,347,266

Other Expenses $1,047,989

TOTAL EXPENSES $2,932,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,663,983	$3,130,076	-0.1%
Expenses	$2,932,195	$2,921,196	+0.0%
Net Income	$-268,212	$208,880	-2.3%

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

$462,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX MENDOZA	CFO/ADMINISTRATOR	040.00	Officer	$232,400	$0	$232,400
THINH PHAM	CEO	040.00	Officer	$230,400	$0	$230,400
KYUNG KIM	BOARD MEMBER	001.00	Director	$0	$0	$0
FRANCISCO URENA	BOARD MEMBER/SECRETARY	001.00	Officer Director	$0	$0	$0
SHERRY LEE	BOARD MEMBER	001.00	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	$2,663,983	$2,932,195	$1,142,799	$-268,212
2024	No data	No data	No data	No data
2023	$2,695,194	$2,338,006	$1,201,022	$357,188
2022	$1,807,263	$1,872,967	$841,305	$-65,704
2021	$1,985,100	$1,710,214	$849,500	$274,886
2020	$1,755,487	$1,522,503	$545,271	$232,984
2019	$1,401,885	$1,402,995	$296,695	$-1,110
2018	$1,350,078	$1,330,748	$299,648	$19,330

NEW WAY GROUP HOME