NEW HORIZONS ADULT DAY SERVICES INC

EIN: 262033114 501(c)(3) Human Services

YADKINVILLE, NC

Total Revenue
$1,048,780
Total Expenses
$933,732
Total Assets
$220,232
Net Assets
$80,224
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NC
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 POPULATION IN YADKIN, SURRY, AND IREDELL COUNTIES.

Program Service Accomplishments

Program 1
Expenses: $701,269 Revenue: $692,477

DAY SUPPORTS: PROVIDES PARTICIPANTS ASSISTANCE WITH ACQUISITION,RETENTION, OR IMPROVEMENT IN SELF-HELP, SOCIALIZATION, ANDADAPTIVE SKILLS, WHICH TAKE PLACE IN A NON-RESIDENTIAL SETTING,SEPARATE FROM...

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DAY SUPPORTS: PROVIDES PARTICIPANTS ASSISTANCE WITH ACQUISITION,RETENTION, OR IMPROVEMENT IN SELF-HELP, SOCIALIZATION, ANDADAPTIVE SKILLS, WHICH TAKE PLACE IN A NON-RESIDENTIAL SETTING,SEPARATE FROM THE HOME OR FACILITY IN WHICH THE INDIVIDUALRESIDES.

Program 2
Expenses: $25,021 Revenue: $58,860

DAY ACTIVITY: SERVICE WHICH PROVIDES ORGANIZED DEVELOPMENTAL ACTIVITIES FOR INDIVIDUALS WITH MENTAL RETARDATION OR OTHER DEVELOPMENTALDISABILITIES, OR TO INDIVIDUALS WITH PHYSICAL DISABILITIES...

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DAY ACTIVITY: SERVICE WHICH PROVIDES ORGANIZED DEVELOPMENTAL ACTIVITIES FOR INDIVIDUALS WITH MENTAL RETARDATION OR OTHER DEVELOPMENTALDISABILITIES, OR TO INDIVIDUALS WITH PHYSICAL DISABILITIES, TOPREPARE THE INDIVIDUAL TO LIVE AND WORK AS INDEPENDENTLY ASPOSSIBLE.

Program 3
Expenses: $58,833 Revenue: $95,613

THRIFT STORE: GENERATES A SOURCE OF FUNDS TO SUPPORT DAY PROGRAMS; PROVIDES EMPOLYMENT OPPORTUNITIES AND SUPPORTS THE LOCAL ECONOMY.

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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%)

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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
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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

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Governance

Voting Members
9
Independent Members
8
Employees
46
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
2
$171,214
Total Directors
9
$171,214
Key Employees
0
$0
Highest Compensated
0
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
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