NEW DIRECTIONS INC (EIN 341313806) - 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

1980

Legal Domicile

Principal Officer

MICHAEL MATONEY

Phone

2165910324

Tax Period

2021-07-01 to 2022-06-30

NEW DIRECTIONS INC, founded in 1980, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2021. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

NEW DIRECTIONS, INC. IS A RESIDENTIAL AND OUTPATIENT TREATMENT PROGRAM FOR CHEMICALLY DEPENDENT ADOLESCENTS, ADULTS, AND THEIR FAMILIES IN THE GREATER CLEVELAND AREA. NEW DIRECTIONS WILL BE THE PROVIDER OF CHOICE FOR ADOLESCENTS, ADULTS, AND THEIR FAMILIES FROM ASSESSMENT TO CONTINUING CARE. WE DELIVER PROVEN AND INNOVATIVE EVIDENCE-BASED SERVICES AND COLLABORATE WITH ORGANIZATIONS SHARING SIMILAR VALUES. NEW DIRECTIONS SERVED APPROXIMATELY 578 ADOLESCENTS AND THEIR FAMILIES DURING THE FISCAL YEAR ENDED JUNE 30, 2021.

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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 (2021)

Revenue Breakdown

Contributions & Grants $669,192

Program Service Revenue $1,613,768

Investment Income $473,411

Other Revenue $203,087

TOTAL REVENUE $2,959,458

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,442,299

Fundraising Expenses $101,837

Program Expenses $2,456,485

Other Expenses $815,302

TOTAL EXPENSES $3,257,601

Year-over-Year Comparison

	2021	2020	Change
Revenue	$2,959,458	$4,781,469	-0.4%
Expenses	$3,257,601	$3,254,930	+0.0%
Net Income	$-298,143	$1,526,539	-1.2%

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

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

$325,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANNE VOGT	PRESIDENT	0.50	Officer Director	$0	$0	$0
MELISSA COLE	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
LEON KAMBANI	SECRETARY	0.50	Officer Director	$0	$0	$0
HAROLD ABRAHAM	TREASURY	0.50	Officer Director	$0	$0	$0
JEN ALLERHEILIGEN	MEMBER	0.25	Director	$0	$0	$0
DAN ARIAN	MEMBER	0.25	Director	$0	$0	$0
STEVE BALDINI	MEMBER	0.25	Director	$0	$0	$0
NATE BELL	MEMBER	0.25	Director	$0	$0	$0
JOHN BERGER	MEMBER	0.25	Director	$0	$0	$0
STEVE CIUNI	MEMBER	0.25	Director	$0	$0	$0
MIKE CRISLIP	MEMBER	0.25	Director	$0	$0	$0
DARREN CROOK	MEMBER	0.25	Director	$0	$0	$0
DANIEL GOLD	MEMBER	0.25	Director	$0	$0	$0
CHRIS GRAVIUS	MEMBER	0.25	Director	$0	$0	$0
JACK GREGORIN	MEMBER	0.25	Director	$0	$0	$0
NANCY HANNA	MEMBER	0.25	Director	$0	$0	$0
JANET MORSE	MEMBER	0.25	Director	$0	$0	$0
LINDA PERLIC	MEMBER	0.25	Director	$0	$0	$0
JOE POPELY	MEMBER	0.25	Director	$0	$0	$0
JUDY RICH	MEMBER	0.25	Director	$0	$0	$0
JOHN SCHINDLER	MEMBER	0.25	Director	$0	$0	$0
DR MELVIN CHAVINSON	MEMBER	0.25	Director	$0	$0	$0
MICHAEL MATONEY	EXECUTIVE DIRECTOR	20.00	Officer	$0	$28,398	$168,379
CRAIG HARGENRADER	CFO	10.00	Officer	$0	$34,226	$157,612
ALICE IDEN	COO	20.00	Highest	$125,397	$17,981	$143,378
DARRELL LONG	DIRECTOR, INFO. SYSTEMS	40.00	Highest	$108,301	$15,015	$123,316

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
2022	$2,959,458	$3,257,601	No data	$-298,143
2021	$4,781,469	$3,254,930	$9,981,002	$1,526,539
2020	$3,096,039	$3,026,117	$8,607,007	$69,922
2019	$3,077,205	$3,023,363	$8,424,521	$53,842
2018	$1,876,140	$3,309,228	$8,597,811	$-1,433,088

NEW DIRECTIONS INC