NEW AMERICA CORPORATION

EIN: 272131087 501(c)(3) Education

ORANGEBURG, SC

Total Revenue
$1,031,544
Total Expenses
$608,516
Total Assets
$7,979,069
Net Assets
$6,002,268
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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
SC
Principal Officer
ADOLPHUS JOHNSON
Phone
8035340035
Tax Period
2024-01-01 to 2024-12-31

NEW AMERICA CORPORATION, founded in 2010, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $423K, a strong 41% operating margin.

Mission

NEW AMERICA IS COMMITTED TO IMPROVING THE LIVES OF LOW-INCOME AND UNDERSERVED INDIVIDUALS.

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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 $609,833
Program Service Revenue $205,589
Investment Income $216,122
Other Revenue $0
TOTAL REVENUE $1,031,544

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,754
Fundraising Expenses $0
Program Expenses $579,489
Other Expenses $569,762
TOTAL EXPENSES $608,516

Year-over-Year Comparison

2024 2023 Change
Revenue $1,031,544 $917,071 +0.1%
Expenses $608,516 $531,963 +0.1%
Net Income $423,028 $385,108 +0.1%
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

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Governance

Voting Members
6
Independent Members
4
Employees
1
Volunteers
10

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
$36,000
Total Directors
6
$36,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EMMIE HALL DIRECTOR 1.00
Director
$0 $0 $0
KEYONNA MIDDLETON DIRECTOR 1.00
Director
$0 $0 $0
EVELYN PRIMUS-HAYE DIRECTOR 1.00
Director
$0 $0 $0
ADOLPHUS JOHNSON PRESIDENT & CEO 40.00
Officer Director
$0 $0 $36,000
KEMEKA JOHNSON SEC/TREAS 1.00
Officer Director
$0 $0 $0
JOSEPH MCLEOD CHAIRMAN 1.00
Officer 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 $1,031,544 $608,516 $7,979,069 $423,028
2023 $1,120,611 $531,959 $7,542,269 $588,652
2022 $605,975 $553,331 $7,028,143 $52,644
2021 $1,501,094 $812,368 $5,487,145 $688,726
2020 $1,796,768 $592,312 $4,997,070 $1,204,456
2019 $3,805,940 $2,505,997 $3,615,473 $1,299,943
2018 $2,029,433 $1,402,086 $2,544,037 $627,347
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