NEW HORIZONS REHABILITATION SERVIC… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

TIMOTHY HATFIELD

Phone

2483400559

Tax Period

2024-07-01 to 2025-06-30

NEW HORIZONS REHABILITATION SERVICES INC, founded in 1964, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2024.

Mission

INVESTING IN OUR COMMUNITIES BY PROVIDING EMPLOYMENT OPPORTUNITIES FOR INDVIDUALS FACING BARRIERS TO EMPLOYMENT.

Program Service Accomplishments

Program 1

Expenses: $2,251,299 Revenue: $3,693,664

ORGANIZATIONAL EMPLOYMENT - INCLUDES TRAINING FOR INDEPENDENCE AND SELF HELP. PREPARING INDIVIDUALS FOR WORK OPPORTUNITIES, VOLUNTEER, AND COMMUNITY INCLUSION. PROGRAM SERVED 339 PEOPLE.

Program 2

Expenses: $7,567,298 Revenue: $6,869,086

COMMUNITY PROGRAM AND JOB COACHING - COMMUNITY PROGRAM INCLUDES YOUTH BASED LEARNING AND JOB SUPPORT PROGRAMS SUCH AS SCHOOL TO WORK TRANSITION AND PRE EMPLOYMENT TRANSITION SERVICES WHERE THERE IS A JOB READINESS AND ON THE JOB TRAINING CORRELATION OF THE INDIVIDUALS SERVED. ADDITIONALLY, WE OFFER CUSTOMIZED JOB EXPLORATION TO MATCH THE SKILL AND READINESS OF THE INDIVIDUAL SERVED. WE ASSISTED 68 INDIVIDUALS WITH OBTAINING EMPLOYMENT. PROGRAM SERVED 183 PEOPLE.

Program 3

Expenses: $1,203,589 Revenue: $886,979

VOCATIONAL EVALUATION AND WORK ADJUSTMENT - VOCATIONAL EVALUATION AND WORK ADJUSTMENT OFFERS EVALUATIONS AND ASSESSMENTS TO PLAN AND DESIGN JOB SHADOWS THAT UTILIZES THE INDIVIDUALS GOALS, STRENGTHS AND AREAS OF IMPROVEMENT TO MATCH THEIR JOB READINESS WITH THE RIGHT EMPLOYERS. PROGRAM SERVED 41 PEOPLE.

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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 $64,986

Program Service Revenue $11,449,729

Investment Income $1,074,981

Other Revenue $35,233

TOTAL REVENUE $12,624,929

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,958,814

Fundraising Expenses $195,288

Program Expenses $11,022,186

Other Expenses $2,557,072

TOTAL EXPENSES $12,515,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,624,929	$13,183,658	0.0%
Expenses	$12,515,886	$12,592,271	0.0%
Net Income	$109,043	$591,387	-0.8%

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

521

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

$316,154

Total Directors

$203,072

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY HATFIELD	CEO/PRESIDENT	40.00	Officer Director	$190,705	$12,367	$203,072
ANGELA RAINGE	CFO	40.00	Officer	$108,176	$4,906	$113,082
JUSTIN MICHALAK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
PAUL NELSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BETH ALBERTI	SECRETARY (TERM 09/2024)	1.00	Officer Director	$0	$0	$0
ROBERT EGAN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARVIN BUD KELLER	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM WILBURN	TRUSTEE	1.00	Director	$0	$0	$0
CHRISTOPHER LAMOURIA	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS OTLEWSKI	TRUSTEE	1.00	Director	$0	$0	$0
FANCHON HALACKA	TRUSTEE	1.00	Director	$0	$0	$0
GARY CLARK II	TRUSTEE	1.00	Director	$0	$0	$0
GILBERT BROMLEY	TRUSTEE	1.00	Director	$0	$0	$0
GWENDOLYN MCNEAL	TRUSTEE	1.00	Director	$0	$0	$0
JOHN KAPLAN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL WILLIAMS	TRUSTEE	1.00	Director	$0	$0	$0
PAMELA RITTER	TRUSTEE (TERM 09/2024)	1.00	Director	$0	$0	$0
PAULA SOMERVILLE	TRUSTEE	1.00	Director	$0	$0	$0
REBECCA TETREAU	TRUSTEE (START 09/2024)	1.00	Director	$0	$0	$0
RYAN BAETENS	TRUSTEE (START 07/2024)	1.00	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
2025	$12,624,929	$12,515,886	$23,744,738	$109,043
2024	$13,183,658	$12,592,271	$22,903,727	$591,387
2023	$15,168,951	$12,939,837	$21,276,550	$2,229,114
2022	$14,428,866	$12,422,282	$18,392,704	$2,006,584
2021	$16,438,501	$12,081,821	$19,781,955	$4,356,680
2020	$12,749,033	$14,246,078	$15,450,160	$-1,497,045
2019	$17,753,631	$15,331,748	$15,962,555	$2,421,883

NEW HORIZONS REHABILITATION SERVICES INC