NEW HYTEs INC (EIN 270772846) - 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

2010

Legal Domicile

Principal Officer

ALEX DORATO

Phone

2033767348

Tax Period

2023-01-01 to 2023-12-31

NEW HYTEs INC, founded in 2010, is a small nonprofit in the Youth Development sector that reported $675K in total revenue in fiscal year 2023. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $330K, a strong 49% operating margin.

Mission

TO ENRICH THE LIVES AND POSITIVELY AFFECT THE FUTURES OF NEW HAVEN'S ECONOMICALLY DISADVANTAGED YOUTH THROUGH A PROGRAM THAT INCORPORATES LIFE SKILLS CURRICULUM AND ACADEMIC SUPPORTS AND PROMOTES BOTH CHARACTER BUILDING AND THE HEALTH BENEFITS OF PARTICIPATION IN ATHLETICS THROUGH TENNIS.

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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 $676,129

Program Service Revenue $0

Investment Income $211

Other Revenue $-1,474

TOTAL REVENUE $674,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $229,112

Fundraising Expenses $48,813

Program Expenses $250,972

Other Expenses $115,938

TOTAL EXPENSES $345,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$674,866	$419,818	+0.6%
Expenses	$345,050	$264,549	+0.3%
Net Income	$329,816	$155,269	+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

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
ALEX DORATO	PRESIDENT	3.00	Director	$0	$0	$0
ROBERT ALPERN	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
KATHLEEN BROWN-DORATO	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
CONNOR DAWSON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JEFF DAWSON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
KYLE DAWSON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
GEORGE HOWARD	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
AMY MARX	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
MEGHAN MCMAHON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
ANDREW METRICK	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
SUSAN METRICK	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
ANNA MOBARK	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
DOUGLAS RAE	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
CHRISTOPHER SHACKELTON	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
HEATHER TOOKES	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JERRY WEIL	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
PATRICIA WHITLOCK	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
JEETEN SINGHA	BOARD OF DIRECTORS	1.00	Director	$0	$0	$0
STEWART HUDSON	BOARD OF DIRECTORS	1.00	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	$674,866	$345,050	$638,559	$329,816
2022	$419,818	$264,549	$306,703	$155,269
2021	$193,148	$239,052	$182,059	$-45,904
2020	$153,711	$224,842	$232,853	$-71,131
2019	$242,633	$248,375	$268,469	$-5,742
2018	$268,081	$232,864	$274,211	$35,217

NEW HYTEs INC