New American Development Cente

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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

2008

Legal Domicile

Principal Officer

Asad Aliweyd

Tax Period

2023-01-01 to 2023-12-31

New American Development Cente, founded in 2008, is a small nonprofit in the Education sector that reported $639K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 58% operating deficit.

Mission

Build a strong vibrant community through sustainable community and economic development programs by leveraging resources and addressing cultural needs.

Program Service Accomplishments

Program 1

Expenses: $1,010,336 Revenue: $639,169

The organization was only provided business loan to small business

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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 $637,742

Program Service Revenue $0

Investment Income $1,427

Other Revenue $0

TOTAL REVENUE $639,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $330,975

Fundraising Expenses $0

Program Expenses $1,010,336

Other Expenses $679,360

TOTAL EXPENSES $1,010,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$639,169	N/A	N/A
Expenses	$1,010,335	N/A	N/A
Net Income	$-371,166	N/A	N/A

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

N/A

Employees

Volunteers

N/A

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
Asad Aliweyd	Director	40	Officer Key Emp Highest	$0	$0	$0
Abdi Sheik Nur	Board Chair	1	Director	$0	$0	$0
Mahad Ali	Secretary	1	Director	$0	$0	$0
Abdihakim A	Board Member	1	Director	$0	$0	$0
Abdinasir H	Baord Member	1	Director	$0	$0	$0
Fatah Osman	Board Member	1	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	$639,169	$1,010,335	$3,606,546	$-371,166
2022	$4,111,802	$3,924,734	$4,026,825	$187,068
2021	$9,122,032	$7,392,590	$3,930,676	$1,729,442
2021	$9,122,032	$7,392,590	$3,930,676	$1,729,442
2020	$1,906,057	$964,533	$4,759,682	$941,524
2019	$200,864	$224,963	$30,277	$-24,099
2018	$200,897	$177,406	$54,376	$23,491