NEW HORIZONS MENTAL HEALTH SERVICES INC (EIN 310846860) - 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

1974

Legal Domicile

Principal Officer

PHILLIP E PACK

Phone

7406870835

Tax Period

2023-07-01 to 2024-06-30

NEW HORIZONS MENTAL HEALTH SERVICES INC, founded in 1974, is a community nonprofit in the Mental Health sector that reported $6.5M in total revenue in fiscal year 2023.

Mission

TO PROVIDE MENTAL HEALTH CARE TO THE PEOPLE OF THE FAIRFIELD COUNTY AND OTHER AREAS IN OHIO

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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 $2,425,212

Program Service Revenue $4,028,919

Investment Income $49,149

Other Revenue $0

TOTAL REVENUE $6,503,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,033,478

Fundraising Expenses $0

Program Expenses $6,020,459

Other Expenses $2,569,929

TOTAL EXPENSES $6,603,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,503,280	$6,360,523	+0.0%
Expenses	$6,603,407	$6,637,625	0.0%
Net Income	$-100,127	$-277,102	-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

$445,380

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WES OSBORN	CHAIR	0.50	Officer Director	$0	$0	$0
KATE ELLSWORTH	VICE-CHAIR	0.50	Officer Director	$0	$0	$0
DAN KEMP	DIRECTOR	0.50	Director	$0	$0	$0
NIKKI DELEON	DIRECTOR	0.50	Director	$0	$0	$0
CYNTHIA HOOPER	DIRECTOR	0.50	Director	$0	$0	$0
HOBY GRISEET	DIRECTOR	0.50	Director	$0	$0	$0
CHAD HOUSEHOLDER	DIRECTOR	0.50	Director	$0	$0	$0
PHILLIP E PACK	CEO	40.00	Officer	$202,319	$9,954	$212,273
ELIZABETH CHALFANT	COO	40.00	Officer	$80,490	$4,012	$84,502
JUSTINE SIMPSON	CLINICAL DIRECTOR	40.00	Officer	$84,833	$3,772	$88,605
RICHARD NOCKOWITZ MD	MEDICAL DIRECTOR	20.00	Officer	$60,000	$0	$60,000

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	No data	No data	No data	No data
2024	$6,503,280	$6,603,407	$2,722,922	$-100,127
2023	$6,360,523	$6,637,625	$3,227,435	$-277,102
2022	$7,554,089	$7,647,792	$3,304,053	$-93,703
2021	$7,745,810	$6,483,071	$3,312,624	$1,262,739
2020	$7,203,943	$7,126,187	$2,922,851	$77,756
2019	$6,736,798	$6,500,639	$1,569,374	$236,159
2018	$5,842,136	$5,829,703	$1,263,831	$12,433

NEW HORIZONS MENTAL HEALTH SERVICES INC