NEW BEGINNINGS FOR YOU

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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

SHERI ALDRIDGE

Phone

9372225680

Tax Period

2023-01-01 to 2023-12-31

NEW BEGINNINGS FOR YOU, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $921K in total revenue in fiscal year 2023. Revenue surged 216% from the prior year, signaling strong growth momentum.

Mission

Organized exclusively for charitable, religious, educational, and scientific purposes, including for such purposes, the making of distributions to organizations that qualify as exempt organizations under 501(1)(3) of the Internal revenue Code, or corresponding section of any future federal tax code. More specifically, NBFY advocates, educates and inspires youth, young adults and families to become positive, productive citizens.

Program Service Accomplishments

Program 1

Expenses: $917,252 Revenue: $921,054

Group Home Management

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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 $921,054

Investment Income $0

Other Revenue $0

TOTAL REVENUE $921,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $653,902

Fundraising Expenses $0

Program Expenses $917,252

Other Expenses $263,350

TOTAL EXPENSES $917,252

Year-over-Year Comparison

	2023	2022	Change
Revenue	$921,054	$291,878	+2.2%
Expenses	$917,252	$290,720	+2.2%
Net Income	$3,802	$1,158	+2.3%

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

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
Doris Mullens	officer	1	Director	$0	$0	$0
Sondra Rodgers	OFFICER	1	Director	$0	$0	$0
Sheri Aldridge	CEO	1	Director	$0	$0	$0
DR SIMMONS	OFFICER	1	Director	$0	$0	$0
RHONDA NORMAN	OFFICER	1	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	No data	No data	No data	No data
2023	$921,054	$917,252	$165,546	$3,802
2022	$291,878	$290,720	$125,353	$1,158
2021	$39,725	$85,277	$652,825	$-45,552
2020	$343,833	$346,773	$138,705	$-2,940