New Horizons Adult Day Center

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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

2001

Legal Domicile

Principal Officer

Andrew E Nielsen

Phone

5159649933

Tax Period

2024-01-01 to 2024-06-30

New Horizons Adult Day Center, founded in 2001, is a small nonprofit that reported $255K in total revenue in fiscal year 2024. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $333K exceeded revenue, resulting in a 31% operating deficit.

Mission

Adult Day Services

Program Service Accomplishments

Program 1

Expenses: $94,774 Revenue: $22,112

Private contributions to fund general operations, activity supplies, meals and miscellaneous supplies for 50 individuals enrolled in the program

Program 2

Expenses: $92,773 Revenue: $24,990

Participant contributions to fund general operations, activity supplies, meals and other program expenses for 50 individuals participating in the program

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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 $247,523

Program Service Revenue $0

Investment Income $7,245

Other Revenue $0

TOTAL REVENUE $254,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $198,885

Fundraising Expenses $0

Program Expenses $187,547

Other Expenses $134,425

TOTAL EXPENSES $333,310

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,768	$675,006	-0.6%
Expenses	$333,310	$609,671	-0.5%
Net Income	$-78,542	$65,335	-2.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Teresa Jones	Director	1.00	Director	$0	$0	$0
Todd Misel	President	1.00	Officer Director	$0	$0	$0
Terry Peter	Vice President	1.00	Officer Director	$0	$0	$0
Andrew Nielsen	Treasurer	1.00	Officer Director	$0	$0	$0
Charity McEvoy	Secretary	1.00	Officer Director	$0	$0	$0
Erin Peterson	Director	1.00	Director	$0	$0	$0
Rita Stackhouse	Director	1.00	Director	$0	$0	$0
Pat Stillwell	Director	1.00	Officer Director	$0	$0	$0
Nanette Stubbs	Director	1.00	Director	$0	$0	$0
Mary Humke	Director	1.00	Director	$0	$0	$0
Jordan Niewoehner	Director	1.00	Director	$0	$0	$0
Sue Rasmussen	Director	1.00	Director	$0	$0	$0
Lisa Noble	Executive Director	40.00	Highest	$40,722	$0	$40,722

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	$254,768	$333,310	No data	$-78,542
2023	$675,006	$609,671	$1,399,846	$65,335
2022	$587,649	$543,517	$1,348,333	$44,132
2021	$708,939	$552,469	$1,324,989	$156,470
2020	$247,267	$262,021	$1,103,512	$-14,754
2019	$622,389	$361,518	$621,494	$260,871
2018	$417,292	$396,821	$356,688	$20,471