CENTERS FOR NEW HORIZONS INC (EIN 362729721) - 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

1972

Legal Domicile

Principal Officer

LAKISHA MCFADDEN

Phone

7733735700

Tax Period

2024-07-01 to 2025-06-30

Centers for New Horizons Inc, founded in 1972, is a mid-sized nonprofit that reported $15.0M in total revenue in fiscal year 2020. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO DEVELOP THE CAPACITIES OF FAMILIES AND INDIVIDUALS TO BECOME SELF-RELIANT. IMPROVE THE QUALITY OF THEIR LIVES AND HELP THEM PARTICIPATE IN THE REBUILDING OF THEIR COMMUNITIES.

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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 $8,253,570

Program Service Revenue $9,296

Investment Income $1,150,680

Other Revenue $9,057

TOTAL REVENUE $9,422,603

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,946,199

Fundraising Expenses $0

Program Expenses $6,519,137

Other Expenses $3,395,584

TOTAL EXPENSES $8,341,783

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,422,603	$10,163,987	-0.1%
Expenses	$8,341,783	$10,673,474	-0.2%
Net Income	$1,080,820	$-509,487	-3.1%

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

522

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

$167,054

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY READEY	CHAIR	2.00	Officer Director	$0	$0	$0
WIL LEWIS	SECRETARY	2.00	Officer Director	$0	$0	$0
SHAAKIRA MASON-HOLLOWAY	BOARD MEMBER	1.00	Director	$0	$0	$0
DARIUS LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN PIDGEON ALVAREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LAKISHA MCFADDEN	CEO/EXECUTIVE DIRECTOR	40.00	Officer	$159,346	$7,708	$167,054

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	$9,422,603	$8,341,783	$5,293,015	$1,080,820
2024	No data	No data	No data	No data
2023	$14,380,718	$14,362,147	$6,476,498	$18,571
2023	$13,859,365	$13,777,030	$6,277,094	$82,335
2022	$16,275,139	$17,013,276	$7,305,979	$-738,137
2021	$14,972,793	$15,926,713	$6,855,191	$-953,920

CENTERS FOR NEW HORIZONS INC