NEW FOUNDATIONS DEVELOPMENT INC (EIN 462225077) - 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

Gary Erwin

Phone

7066299183

Tax Period

2024-04-01 to 2025-03-31

NEW FOUNDATIONS DEVELOPMENT INC, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $317K in total revenue in fiscal year 2024. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $279K left a modest 12% surplus.

Mission

To advance affordable housing opportunities withing Gordon and Bartow Counties in the State of Georgia

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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 $316,737

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $316,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $278,681

Other Expenses $278,681

TOTAL EXPENSES $278,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,737	$669,695	-0.5%
Expenses	$278,681	$589,655	-0.5%
Net Income	$38,056	$80,040	-0.5%

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

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
Laura Braddy	Director	1	Officer	$0	$0	$0
Scott Clements	Director	1	Officer	$0	$0	$0
Grant Walraven	Director	1	Officer	$0	$0	$0
Mary Ruth Garigan	Director	1	Officer	$0	$0	$0
Cleo Strickland	Director	1	Officer	$0	$0	$0
Tony Pyle	Chairman	1	Officer	$0	$0	$0
Martha Simms	Director	1	Officer	$0	$0	$0
Judy Peterson	Director	1	Officer	$0	$0	$0
Carol Hatch	Director	15.00	Officer	$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
2025	$316,737	$278,681	$265,594	$38,056
2024	$669,695	$589,655	$172,847	$80,040
2022	$217,817	$214,059	$103,891	$3,758
2021	$152,217	$160,856	$98,356	$-8,639

NEW FOUNDATIONS DEVELOPMENT INC