NEW FOUND COMMUNITY FOUNDATION INC

EIN: 451957153 501(c)(3) Health Care

ATLANTA, GA

Total Revenue
$2,779,218
Total Expenses
$1,246,254
Total Assets
$63,423,364
Net Assets
$63,423,364
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
GA
Principal Officer
WILLIAM R BURKE
Phone
4042557400
Tax Period
2024-01-01 to 2024-12-31

NEW FOUND COMMUNITY FOUNDATION INC, founded in 2011, is a community nonprofit in the Health Care sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 55% operating margin.

Mission

TO BENEFIT THE RESIDENTS OF SEMINOLE COUNTY, GEORGIA, AND ITS SURROUNDING REGION BY PROVIDING MUCH NEEDED FUNDS IN A MANNER THAT WILL INCREASE THE HEALTH AND WELFARE OF THE COMMUNITY.

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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 $0
Program Service Revenue $0
Investment Income $2,779,218
Other Revenue $0
TOTAL REVENUE $2,779,218

Expense Breakdown

Grants Paid $1,008,783
Salaries & Benefits $4,500
Fundraising Expenses $0
Program Expenses $1,056,664
Other Expenses $232,971
TOTAL EXPENSES $1,246,254

Year-over-Year Comparison

2024 2023 Change
Revenue $2,779,218 $2,534,954 +0.1%
Expenses $1,246,254 $2,486,422 -0.5%
Net Income $1,532,964 $48,532 +30.6%
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
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
2
$1,800
Total Directors
5
$4,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM R BURKE SEC/TREAS/DI 5.00
Officer Director
$900 $0 $900
HERMAN BROOKINS CHRM/DIRECTO 1.00
Officer Director
$900 $0 $900
DIANE THOMAS Director 0.00
Director
$900 $0 $900
KEITH PENDERGRASS Director 0.00
Director
$900 $0 $900
DOUGLAS E FAIRCLOTH Director 0.00
Director
$900 $0 $900
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 $2,779,218 $1,246,254 $63,423,364 $1,532,964
2023 $2,534,954 $2,486,422 $59,558,173 $48,532
2022 $1,900,207 $1,055,931 $53,927,938 $844,276
2021 $4,625,452 $1,151,162 $63,961,647 $3,474,290
2020 $1,765,279 $5,478,202 $61,221,997 $-3,712,923
2019 $15,879,846 $4,821,149 $58,273,646 $11,058,697
2018 $2,500,659 $77,875 $46,475,739 $2,422,784
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