NEW HOPE ACADEMY (EIN 461597279) - 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

2012

Legal Domicile

Principal Officer

LAURALEE NORTON

Phone

8017721092

Tax Period

2023-01-01 to 2023-12-31

NEW HOPE ACADEMY, founded in 2012, is a small nonprofit in the Education sector that reported $528K in total revenue in fiscal year 2023. Expenses of $633K exceeded revenue, resulting in a 20% operating deficit.

Mission

NEW HOPE ACADEMY IS A PRIVATE SCHOOL SET UP SPECIFICALLY TO MEET THE NEEDS OF CHALLENGING KIDS. THE MAJORITY OF OUR STUDENTS HAVE BEEN DIAGNOSED WITH REACTIVE ATTACHMENT DISORDER (RAD). THE GOAL OF NEW HOPE ACADEMY IS TO CREATE A CONSISTENT AND SAFE ENVIRONMENT THAT ALLOWS A CHILD TO HAVE THE BEST OPPORTUNITY TO GAIN THE SKILLS NECESSARY TO BE A CONTRIBUTING MEMBER TO THEIR FAMILY, TO LEARN AND TO HAVE A POSITIVE IMPACT ON SOCIETY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $521,312

Investment Income $6,421

Other Revenue $0

TOTAL REVENUE $527,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,012

Fundraising Expenses $0

Program Expenses $551,208

Other Expenses $274,463

TOTAL EXPENSES $633,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$527,733	$503,782	+0.0%
Expenses	$633,475	$534,797	+0.2%
Net Income	$-105,742	$-31,015	+2.4%

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

$261,759

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURALEE NORTON	EXECUTIVE DIRECTOR	40.00	Officer	$123,380	$0	$123,380
KASEY HARMER	EXECUTIVE DIRECTOR	40.00	Officer	$111,745	$0	$111,745
JASON DEVEREAUX	BOARD MEMBER	2.00	Officer	$26,634	$0	$26,634

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	No data	No data	No data	No data
2023	$527,733	$633,475	$174,877	$-105,742
2022	$503,782	$534,797	$291,570	$-31,015
2021	$512,060	$456,380	$269,139	$55,680
2021	$512,060	$430,368	$327,136	$81,692
2020	$379,579	$441,752	$211,582	$-62,173
2020	$379,579	$409,767	$243,567	$-30,188
2019	$464,401	$463,256	$104,482	$1,145
2018	$479,712	$449,972	$97,552	$29,740

NEW HOPE ACADEMY