Cleveland, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)New Avenues to Independence Inc, founded in 1952, is a mid-sized nonprofit in the Human Services sector that reported $13.9M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $15.8M exceeded revenue, resulting in a 14% operating deficit.
TO UPHOLD THE DIGNITY OF PERSONS WITH DISABILITIES BY INCREASING ACCESSIBILITY THROUGH INNOVATIVE OPPORTUNITIES FOR COMMUNITY CONNECTION AND ACHIEVEMENT.
Since 1952, New Avenues has provided homes for individuals with disabilities in intermediate care facilities. Each person receives a personalized service plan to guide their development of skills for...
Since 1952, New Avenues has provided homes for individuals with disabilities in intermediate care facilities. Each person receives a personalized service plan to guide their development of skills for greater independence. Our professional staff and consultants deliver a full range of assistive therapies-such as speech, music, recreational, physical, and occupational therapy-tailored to individual needs and goals. Our clinical services team, including nurses, ensures comprehensive health care and support for each individual served.
New Avenues' Community-Based Services program supports adults (18+) with intellectual and developmental disabilities who seek residential assistance for daily living and community engagement. Our...
New Avenues' Community-Based Services program supports adults (18+) with intellectual and developmental disabilities who seek residential assistance for daily living and community engagement. Our approach is to listen and tailor services to help each individual achieve their goals. We focus on fostering the highest possible independence-whether by helping build relationships with housemates or connecting individuals to community opportunities. Over time, services are designed to gradually reduce as individuals develop the skills and social connections needed to participate in community life without paid supports.
New Avenues offers inclusion services for adults with disabilities, supporting their active engagement in community life and competitive employment. Our personalized services help individuals achieve...
New Avenues offers inclusion services for adults with disabilities, supporting their active engagement in community life and competitive employment. Our personalized services help individuals achieve personal and professional goals, working one-on-one or in small groups (typically four or fewer) within public community settings. We prioritize using non-disability-specific resources, like public transportation. Our focus is to foster maximum independence through real-life teaching and coaching, helping individuals build community relationships. Services gradually reduce as each person gains skills and connections to participate without paid support.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $13,885,065 | $15,056,304 | -0.1% |
| Expenses | $15,760,122 | $14,520,881 | +0.1% |
| Net Income | $-1,875,057 | $535,423 | -4.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAREN KNAVEL | CEO | 40.0 |
Officer
|
$154,310 | $13,503 | $167,813 |
| MICHAEL J LAHETA | CHIEF FINANCIAL OFFICER | 40.0 |
Officer
|
$128,968 | $12,621 | $141,589 |
| AMIE ESPINOZA GONZALEZ | Chief Program Officer | 40.0 |
Officer
|
$112,568 | $28,360 | $140,928 |
| MELANIE CARNES | CHIEF STRATEGY OFFICER | 40.0 |
Officer
|
$109,231 | $15,487 | $124,718 |
| Teresa Lilley | Direct Service Professional | 40.0 |
Highest
|
$104,175 | $90 | $104,265 |
| Steve Kachur | Chair | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| James F Puffenberger | Vice Chair | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| Justin Miller | Treasurer | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| Christine Ament | Secretary | 2.0 |
Officer
Director
|
$0 | $0 | $0 |
| Richard Ebner | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Jonathan A Good | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Jeff Mordaunt | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Michael Primrose | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Roxana Stoicea | Director | 2.0 |
Director
|
$0 | $0 | $0 |
| Joyce Bresler | Director Emeritus | 2.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $13,885,065 | $15,760,122 | $7,583,742 | $-1,875,057 |
| 2022 | $15,056,304 | $14,520,881 | $9,758,629 | $535,423 |
| 2021 | $16,971,104 | $13,953,028 | $9,548,486 | $3,018,076 |
| 2020 | $15,148,485 | $13,932,584 | $9,023,178 | $1,215,901 |
| 2019 | $14,406,936 | $14,812,904 | $5,966,424 | $-405,968 |
| 2018 | $14,885,271 | $15,113,675 | $6,611,481 | $-228,404 |
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