NEW HORIZONS ADULT DAY SERVICES INC (EIN 262033114) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

J STUART HANES

Phone

3366773843

Tax Period

2023-01-01 to 2023-12-31

NEW HORIZONS ADULT DAY SERVICES INC, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $934K left a modest 11% surplus.

Mission

TO PROVIDE ADULT DEVELOPMENT, VOCATIONAL PROGRAM SERVICES, ADULT DAY CARE, AND DAY SERVICES & VOCATIONAL REHAB TO THE MENTALLY HANDICAPPED AND DEVELOPMENTALLY DELAYED IN YADKIN, SURRY, AND IREDELL COUNTIES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $199,015

Program Service Revenue $847,535

Investment Income $0

Other Revenue $2,230

TOTAL REVENUE $1,048,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $648,443

Fundraising Expenses $0

Program Expenses $817,707

Other Expenses $285,289

TOTAL EXPENSES $933,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,048,780	$791,131	+0.3%
Expenses	$933,732	$874,573	+0.1%
Net Income	$115,048	$-83,442	-2.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$171,214

Total Directors

$171,214

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J STUART HANES	PRESIDENT	0.50	Officer Director	$0	$0	$72,731
LEAH HANES	SECRETARY	1.00	Officer Director	$0	$0	$98,483
SHEILA HUTCHENS	DIRECTOR	0.00	Director	$0	$0	$0
RENEE MULLIS	DIRECTOR	0.00	Director	$0	$0	$0
JANET SALLEY	DIRECTOR	0.00	Director	$0	$0	$0
BETTY DIXON	DIRECTOR	0.00	Director	$0	$0	$0
ANGIE BELL	DIRECTOR	0.00	Director	$0	$0	$0
JOSH WILLIAMS	DIRECTOR	0.00	Director	$0	$0	$0
RICHARD HAMANN	DIRECTOR	0.00	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
2024	No data	No data	No data	No data
2023	$1,048,780	$933,732	$220,232	$115,048
2022	$791,131	$874,573	$83,332	$-83,442
2021	$853,514	$756,631	$86,679	$96,883
2020	$589,680	$728,902	$106,678	$-139,222
2019	$732,299	$834,786	$137,798	$-102,487
2018	$668,211	$684,985	$204,358	$-16,774

NEW HORIZONS ADULT DAY SERVICES INC