NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE (EIN 411998303) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

THOMAS J SOLES

Phone

7038032980

Tax Period

2023-01-01 to 2023-12-31

NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE, founded in 2001, is a small nonprofit in the Education sector that reported $227K in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year. Expenses of $211K left a modest 7% surplus.

Mission

THE FOUNDATION'S PURPOSE IS TO PROVIDE RESEARCH THAT WILL GIVE HVAC AND SHEET METAL CONTRACTORS A COMPETITIVE EDGE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $327,474

Program Service Revenue $1,456

Investment Income $127,001

Other Revenue $0

TOTAL REVENUE $455,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $205,941

Other Expenses $278,270

TOTAL EXPENSES $278,270

Year-over-Year Comparison

	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%

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

N/A

Volunteers

288

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

Total Directors

$535,478

Key Employees

Highest Compensated

reported

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

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	$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

NEW HORIZONS FOUNDATION - A SHEET METAL INDUSTRY INITIATIVE