NEW HORIZONS FOUNDATION-USA

EIN: 270063047 501(c)(3) International Affairs

TWO HARBORS, MN

Total Revenue
$210,761
Total Expenses
$188,934
Total Assets
$112,289
Net Assets
$112,289
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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
2011
Legal Domicile
MN
Phone
2186267222
Tax Period
2024-01-01 to 2024-12-31

NEW HORIZONS FOUNDATION-USA, founded in 2011, is a small nonprofit in the International Affairs sector that reported $211K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $189K left a modest 10% surplus.

Mission

HUMANITARIAN PROJECTS IN EASTERN EUROPE

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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 (2024)

Revenue Breakdown

Contributions & Grants $210,442
Program Service Revenue $0
Investment Income $319
Other Revenue $0
TOTAL REVENUE $210,761

Expense Breakdown

Grants Paid $122,953
Salaries & Benefits $52,191
Fundraising Expenses $0
Program Expenses $136,743
Other Expenses $13,790
TOTAL EXPENSES $188,934

Year-over-Year Comparison

2024 2023 Change
Revenue $210,761 $150,773 +0.4%
Expenses $188,934 $177,089 +0.1%
Net Income $21,827 $-26,316 -1.8%
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
5
Independent Members
5
Employees
1
Volunteers
200

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
3
$48,404
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVE NONNEMACHER PRESIDENT 32.00
Officer
$48,404 $0 $48,404
ROLAND HOKSBERGEN DIRECTOR 2.00
Director
$0 $0 $0
KADIE BECKER DIRECTOR 2.00
Director
$0 $0 $0
RACHEL TEGROOTENHUIS SECRETARY 2.00
Officer
$0 $0 $0
ERIC ANDERSON TREASURER 2.00
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
2024 $210,761 $188,934 $112,289 $21,827
2022 $197,888 $205,986 $118,751 $-8,098
2021 $254,873 $166,403 $126,849 $88,470
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