NEWTRAX INC

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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

Principal Officer

MIKE GREENBAUM

Phone

6517896221

Tax Period

2024-07-01 to 2025-06-30

NEWTRAX INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $6.8M in total revenue in fiscal year 2024. Expenses of $6.3M left a modest 7% surplus.

Mission

THE MISSION OF NEWTRAX, INC. IS TO INCREASE THE POTENTIAL OF EACH MEMBER ORGANIZATION TO ADVANCE THEIR CHARITABLE MISSION MORE EFFECTIVELY AND WITH GREATER EFFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $5,380,153 Revenue: $4,203,810

PROVIDED OVER 1,200 RIDES TO CLIENTS ON APPROXIMATELY 250 DAYS.

Program 2

Expenses: $177,582 Revenue: $243,074

PROVIDED ADMINISTRATIVE SERVICES INCLUDING FINANCIAL ANALYST SERVICES, VEHICLE SERVICES, AND SPACE RENTALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,429,030

Program Service Revenue $5,283,023

Investment Income $19,332

Other Revenue $18,785

TOTAL REVENUE $6,750,170

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,096,702

Fundraising Expenses $0

Program Expenses $5,557,735

Other Expenses $2,166,339

TOTAL EXPENSES $6,263,041

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,750,170	$6,885,260	0.0%
Expenses	$6,263,041	$5,735,212	+0.1%
Net Income	$487,129	$1,150,048	-0.6%

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

$159,716

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WAYNE BARKER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL MINER	CHAIR	1.00	Officer Director	$0	$0	$0
CLIFF HANSON	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MAUREEN MCGARRY	MEMBER	1.00	Director	$0	$0	$0
MIKE GREENBAUM	EXECUTIVE DIRECTOR	40.00	Officer	$142,140	$17,576	$159,716

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
2025	$6,750,170	$6,263,041	$5,417,552	$487,129
2024	No data	No data	No data	No data
2023	$4,853,465	$5,188,994	$2,634,701	$-335,529
2022	$4,771,410	$4,775,601	$2,612,378	$-4,191
2021	$4,881,749	$4,243,825	$2,882,206	$637,924
2020	$3,823,993	$3,950,431	$2,635,508	$-126,438
2019	$3,943,654	$3,896,612	$2,779,722	$47,042
2018	$3,561,832	$3,598,645	$2,262,030	$-36,813