NEW GENERATION FOUNDATION INC (EIN 364957734) - 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

2019

Legal Domicile

Principal Officer

JOEL MCCLEARY

Phone

9179154287

Tax Period

2023-01-01 to 2023-12-31

NEW GENERATION FOUNDATION INC, founded in 2019, is a mid-sized nonprofit that reported $20.9M in total revenue in fiscal year 2023. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $16.4M, a strong 78% operating margin.

Mission

TO PROVIDE FUNDING TO SUPPORT THE MISSION AND ACTIVITIES OF THE AUTONOMOUS EDUCATIONAL ORGANIZATIONS, "NAZARBAYEV UNIVERSITY AND "NAZARBAYEV INTELLECTUAL SCHOOLS," EACH A NOT-FOR-PROFIT ENTITY LOCATED IN THE REPUBLIC OF KAZAKHSTAN, AND THEIR AFFILIATED ORGANIZATIONS.

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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 $0

Program Service Revenue $0

Investment Income $20,874,456

Other Revenue $18,523

TOTAL REVENUE $20,892,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,918,252

Fundraising Expenses $0

Other Expenses $2,576,728

TOTAL EXPENSES $4,494,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,892,979	$12,025,273	+0.7%
Expenses	$4,494,980	$7,755,279	-0.4%
Net Income	$16,397,999	$4,269,994	+2.8%

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

$952,338

Total Directors

$952,338

Key Employees

$16,514,058

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL MCCLEARY	CHAIR	45.00	Officer Director	$337,500	$0	$337,500
NURALY BEKTURGANOV	SECRETARY	35.00	Officer Director	$314,838	$0	$314,838
ROBERT F ARMAO	DIRECTOR	30.00	Director	$300,000	$0	$300,000
AIDOS BEKTURGANOV	EXECUTIVE DIRECTOR AND MAN	40.00	Officer	$300,000	$0	$300,000
M RON WAHID	JHLLC MANAGER, CHAIR AND CEO	40.00	Key Emp	$500,000	$0	$16,514,058

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	$20,892,979	$4,494,980	$30,712,966	$16,397,999
2022	$12,025,273	$7,755,279	$1,489,115,917	$4,269,994
2021	$18,700,340	$12,494,586	$1,453,025,700	$6,205,754
2020	$1,230,760,577	$25	$1,601,127,025	$1,230,760,552

NEW GENERATION FOUNDATION INC