NEW HAVEN DEVELOPMENT CENTER INC (EIN 454488218) - Form 990 Financial Analysis & Trantor Score

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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

2024

Legal Domicile

Principal Officer

Patrick James

Phone

9046310999

Tax Period

2024-01-01 to 2024-12-31

NEW HAVEN DEVELOPMENT CENTER INC, founded in 2024, is a community nonprofit in the Employment sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $973K, a strong 72% operating margin.

Mission

The organization's mission is to provide employment assistance and educational services to individuals with disabilities through work readiness programs, job exploration programs, and post-secondary education programs.

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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 $680,000

Program Service Revenue $680,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,360,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $350,000

Fundraising Expenses $0

Program Expenses $0

Other Expenses $37,375

TOTAL EXPENSES $387,375

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,360,000	$735,367	+0.8%
Expenses	$387,375	$818,657	-0.5%
Net Income	$972,625	$-83,290	-12.7%

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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patrick James	VP	50.00	Highest	$286,000	$0	$286,000

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	$1,360,000	$387,375	No data	$972,625
2023	$735,367	$818,657	$11,089	$-83,290
2022	$632,421	$554,150	$94,379	$78,271
2021	$796,447	$743,654	$16,688	$52,793
2020	$541,667	$558,773	$1,395	$-17,106
2019	$475,740	$457,239	$18,501	$18,501
2018	$420,112	$393,751	No data	$26,361

NEW HAVEN DEVELOPMENT CENTER INC