CHANTILLY, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE, founded in 2001, is a small nonprofit in the Education sector that reported $456K in total revenue in fiscal year 2023. Revenue surged 79% from the prior year, signaling strong growth momentum. The organization ran a surplus of $178K, a strong 39% operating margin.
THE FOUNDATION'S PURPOSE IS TO PROVIDE RESEARCH THAT WILL GIVE HVAC AND SHEET METAL CONTRACTORS A COMPETITIVE EDGE.
PERFORMANCE MEASUREMENT - A GUIDE TO DEVELOPING YOUR MEASURES OF SUCCESS - THE PURPOSE OF ADOPTING PERFORMANCE MEASURES AND IMPROVEMENT EFFORTS IS TO ALLOW LEADERSHIP TO "SEE" WORK THEY ARE NOT...
PERFORMANCE MEASUREMENT - A GUIDE TO DEVELOPING YOUR MEASURES OF SUCCESS - THE PURPOSE OF ADOPTING PERFORMANCE MEASURES AND IMPROVEMENT EFFORTS IS TO ALLOW LEADERSHIP TO "SEE" WORK THEY ARE NOT DIRECTLY ENGAGED IN RUNNING. WHETHER THEY ARE CALLED KEY PERFORMANCE MEASURES, INDICATORS, OR OTHER TERMS, EFFECTIVE MEASURES TO TRACK PERFORMANCE ENABLE IMPROVEMENT INITIATIVES, EARLY WARNING OF PROBLEMS, RESOURCE OPTIMIZATION, AND DATA DRIVEN DECISION MAKING. THIS PROJECT WILL PRODUCE A GUIDE TO SUPPORT SHEET METAL AND HVAC CONTRACTORS IN ORGANIZING THEIR PERFORMANCE MEASUREMENT SYSTEM. THE PROJECT HAS BEEN AWARDED TO PENN STATE WITH COMPLETION AND PUBLICATION OF THE GUIDE BY YEAR END 2024.
WORKFORCE DEVELOPMENT BEST PRACTICES IDENTIFICATION, COMMUNICATION AND TRAINING - THIS MULTI-YEAR PROJECT SEEKS TO IDENTIFY SUCCESSFUL STRATEGIES USED TO HIRE, DEVELOP AND RETAIN EMPLOYEES IN SHEET...
WORKFORCE DEVELOPMENT BEST PRACTICES IDENTIFICATION, COMMUNICATION AND TRAINING - THIS MULTI-YEAR PROJECT SEEKS TO IDENTIFY SUCCESSFUL STRATEGIES USED TO HIRE, DEVELOP AND RETAIN EMPLOYEES IN SHEET METAL, HVAC, AND MECHANICAL CONSTRUCTION COMPANIES. IN THE FIRST PHASE OF THIS PROJECT, WHICH WAS INITIATED IN DECEMBER 2022, THE NEW HORIZONS FOUNDATION INVESTIGATED AND REPORTED ON THE FOLLOWING CURRENT ISSUES IN WORKFORCE DEVELOPMENT. 1. INVESTIGATED WHAT YOUNG WORKERS WANT AND NEED IN THEIR CAREERS. 2. EXPLORED CHARACTERISTICS UNIQUE TO THE NEXT GENERATION OF WORKERS. 3. EXAMINED WHAT THE YOUNGER GENERATION EXPECTS FROM THEIR JOBS. 4. ASSESSED DIVERSITY, EQUITY, AND INCLUSION PRACTICES IN LOCAL AREAS. THE NHF IDENTIFIED, MET WITH AND PROFILED 28 WORKFORCE DEVELOPMENT ORGANIZATIONS (WDOS) TO UNDERSTAND THEIR OBJECTIVES, CONTENT, DELIVERY METHODS, HISTORY AND RESULTS, ESPECIALLY AS THEY IMPACT THE ABOVE ISSUES. IN THE CURRENT SECOND PHASE OF THIS PROJECT, THE FOUNDATION IS HIGHLIGHTING THE TOP 25% OF WDOS THROUGH FACILITATED PODCASTS. TWO OF THE SEVEN RECORDINGS HAVE BEEN COMPLETED AND ARE BEING EDITED FOR RELEASE IN JULY. THE REMAINING FIVE PODCASTS ARE SCHEDULED FOR COMPLETION BY THE 3RD QUARTER 2024. THESE WDOS FOCUS ON BRINGING UNDER-REPRESENTED GROUPS (WOMEN AND MINORITIES) INTO BUILDING TRADES AND THEIR SUCCESSES (AND STRUGGLES) ARE FEATURED IN THE PODCASTS. A THIRD PROJECT PHASE IS UNDERWAY WITH THE FOLLOWING OBJECTIVES IDENTIFIED. 1. CURATE THE CAPTURED WDOS CONTENT INTO CONCISE INFOGRAPHICS. 2. FOCUS ON LEADERSHIP DEVELOPMENT FOR TRADE AND NON-TRADE HIRES AND PRODUCE SHORT VIDEOS TO SHOWCASE SUCCESSFUL PRACTICES (MENTORING, SHADOWING, AND ONBOARDING). 3. DEVELOP A ROADMAP/TEMPLATE FOR IMPLEMENTATION BY CONTRACTORS AND LOCAL ASSOCIATIONS (SMACNA CHAPTERS). 4. CONTINUE INDUSTRY PRESENTATIONS ON PROJECT FINDINGS AND CONTINUE TO EXPAND SUCCESSFUL WDO CONTACTS AND RELATIONSHIPS. 5. DEVELOP A WDO MEDIA SITE ON THE NHF WEBSITE AND CONTINUE WORK TO IMPROVE THE SEARCH ENGINE PRESENCE AND FUNCTIONALITY OF THE NHF WEBSITE, PARTICULARLY AS IT RELATES TO WORKFORCE DEVELOPMENT ISSUES AND INTERESTS.
A SERIES OF 7 PODCASTS BETWEEN A SMACNA CONTRACTOR AND A CUSTOMER - THE FOUNDATION HAS COMMISSIONED ERIC ANDERTON TO FACILITATE A SERIES OF SEVEN PODCASTS BETWEEN A SMACNA CONTRACTOR AND CUSTOMER...
A SERIES OF 7 PODCASTS BETWEEN A SMACNA CONTRACTOR AND A CUSTOMER - THE FOUNDATION HAS COMMISSIONED ERIC ANDERTON TO FACILITATE A SERIES OF SEVEN PODCASTS BETWEEN A SMACNA CONTRACTOR AND CUSTOMER EXAMINING HOW SUCCESSFUL PARTNERSHIPS THROUGH STRATEGIC ALIGNMENT FACILITATES COMMUNICATIONS, PROBLEM SOLVING, OVERCOMING POTENTIAL CONFLICTS AND ENHANCES WORK DEVELOPMENT. FOUR OF THE SEVEN PODCASTS HAVE BEEN RELEASED TO MEMBERS AND THE FINAL THREE WILL BE COMPLETED BY THE END OF THE THIRD QUARTER 2024.
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 | $455,931 | $254,709 | +0.8% |
| Expenses | $278,270 | $233,689 | +0.2% |
| Net Income | $177,661 | $21,020 | +7.5% |
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 |
|---|---|---|---|---|---|---|
| GUY M GAST | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANGELA SIMON | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RON RODGERS | CHAIR EMERITUS | 1.00 |
Director
|
$0 | $0 | $0 |
| CHAD BUNTING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL DUNCAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN R GILL JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| AARON HILGER | DIRECTOR | 2.00 |
Director
|
$0 | $59,135 | $535,478 |
| TODD HILL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTHONY KOCUREK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CARMEN KOO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TOM MARTIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERNIE P MENOLD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIE A MULLER ESQ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT VIDIMOS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| THOMAS J SOLES | EXECUTIVE DIRECTOR | 5.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $455,931 | $278,270 | $5,400,204 | $177,661 |
| 2022 | $254,709 | $233,689 | $4,793,801 | $21,020 |
| 2021 | $248,223 | $280,839 | $5,594,199 | $-32,616 |
| 2020 | $189,757 | $227,253 | $4,972,773 | $-37,496 |
| 2019 | $196,900 | $321,812 | $4,564,212 | $-124,912 |
| 2018 | $227,019 | $211,097 | $4,068,219 | $15,922 |
Compare NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE with other nonprofits in Virginia and across the country.