NEW BEGINNINGS FAMILY SERVICES

EIN: 412071396 501(c)(3) Human Services

Red Wing, MN

Total Revenue
$231,308
Total Expenses
$244,385
Total Assets
$144,136
Net Assets
$142,405
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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
2003
Legal Domicile
MN
Principal Officer
Sylvia Belford
Phone
6512674357
Tax Period
2024-01-01 to 2024-12-31

NEW BEGINNINGS FAMILY SERVICES, founded in 2003, is a small nonprofit in the Human Services sector that reported $231K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Health Services, including obstetric ultra sounds; STD testing; pregnancy tests; supplies for clients; counseling to post abortion and miscarriage clients; help to mothers in need; financial and other counseling for the entire family.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $224,915
Program Service Revenue $2,094
Investment Income $4,299
Other Revenue $0
TOTAL REVENUE $231,308

Expense Breakdown

Grants Paid $0
Salaries & Benefits $144,745
Fundraising Expenses $6,481
Program Expenses $226,373
Other Expenses $99,640
TOTAL EXPENSES $244,385

Year-over-Year Comparison

2024 2023 Change
Revenue $231,308 $211,417 +0.1%
Expenses $244,385 $225,256 +0.1%
Net Income $-13,077 $-13,839 -0.1%
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

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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
15

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
5
$0
Total Directors
3
$46,864
Key Employees
1
$46,864
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mara Sorenson Exec. Director 36
Director Key Emp Highest
$46,864 $0 $46,864
Becky Youngmark Board Member 1
Director
$0 $0 $0
Cindy Anderson Board Member 1
Director
$0 $0 $0
Sylvia Belford Board President 8
Officer
$0 $0 $0
Kevin Altendorf Board Vice President 1
Officer
$0 $0 $0
Regina Poncelet Secretary 1
Officer
$0 $0 $0
Scott McGuire Treasurer 12
Officer
$0 $0 $0
David Erickson Assistant Treasurer 1
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 $231,308 $244,385 $144,136 $-13,077
2023 $211,417 $225,256 $155,489 $-13,839
2022 $213,805 $221,969 $169,328 $-8,164
2021 $238,228 $261,663 $177,492 $-23,435
2020 $291,469 $269,180 $200,927 $22,289
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