NEW VISION RENEWABLE ENERGY INC (EIN 454696610) - 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

2013

Legal Domicile

Principal Officer

STEVEN IWUNOR

Phone

3044572971

Tax Period

2024-01-01 to 2024-12-31

NEW VISION RENEWABLE ENERGY INC, founded in 2013, is a small nonprofit in the Human Services sector that reported $683K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $205K, a strong 30% operating margin.

Mission

TO OPTIMIZE RENEWABLE ENERGY AS A TOOL FOR ECONOMIC, HUMAN AND COMMUNITY TRANSFORMATION. TO EQUIP LOW AND MODERATE INCOME INDIVIDUALS, FAMILIES AND COMMUNITIES THROUGH EDUCATION, SKILL TRAINING, SUSTAINABLE MICRO AND SMALL SCALE LOANS AND COPPERATIVE ENTERPRISE, TO TRANSFORM THEIR COMMUNITY BY WORKING TOGETHER TO FABRICATE, INSTALL AND SERVICE RENEWABLE ENERGY SYSTEMS TO REPOWER THEIR HOMES AND COMMUNITY FACILITIES.

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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 $624,329

Program Service Revenue $58,047

Investment Income $0

Other Revenue $915

TOTAL REVENUE $683,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $282,235

Fundraising Expenses $0

Program Expenses $478,462

Other Expenses $196,227

TOTAL EXPENSES $478,462

Year-over-Year Comparison

	2024	2023	Change
Revenue	$683,291	$519,434	+0.3%
Expenses	$478,462	$327,572	+0.5%
Net Income	$204,829	$191,862	+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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS DODGE	PRESIDENT	10.00	Officer Director	$0	$0	$0
NGOZI STEPHEN IWUNOR	MENTOR DIRECTOR	5.00	Officer Director	$0	$0	$0
JENNA COMBS	SECRETARY	5.00	Officer Director	$0	$0	$0
KEN COMBS	MEMBER	5.00	Director	$0	$0	$0
ANNE DERBY	MEMBER	5.00	Director	$0	$0	$0
CHUCK COLEMAN	MEMBER	5.00	Director	$0	$0	$0
KARY KINGSLAND	MEMBER	5.00	Director	$0	$0	$0
KEVIN HUNTER	MEMBER	5.00	Director	$0	$0	$0
REBECCA NETHKEN	BOOKKEEPER	5.00	Director	$0	$0	$0
RUSTON SEAMAN	PRESIDENT/CEO	10.00	Officer Director	$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	$683,291	$478,462	$773,224	$204,829
2023	$519,434	$327,572	$284,763	$191,862
2022	$325,948	$376,398	$82,962	$-50,450
2021	$333,386	$198,520	$133,412	$134,866
2020	$122,994	$169,940	$75,936	$-46,946
2019	$115,520	$140,955	$70,954	$-25,435

NEW VISION RENEWABLE ENERGY INC