NEW INDEPENDENCE ACADEMY

EIN: 463248813 501(c)(3) Education

GOLDSBORO, NC

Total Revenue
$212,171
Total Expenses
$289,314
Total Assets
$128,883
Net Assets
$124,256
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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
2014
Legal Domicile
NC
Principal Officer
KENNETH GRICE
Phone
9104290321
Tax Period
2022-07-01 to 2023-06-30

NEW INDEPENDENCE ACADEMY, founded in 2014, is a small nonprofit in the Education sector that reported $212K in total revenue in fiscal year 2022. Expenses of $289K exceeded revenue, resulting in a 36% operating deficit.

Mission

our mission is to help prepare children diagnosed with high functioning autism and other pervasive development disorders to lead happy independent lives

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $108,788
Program Service Revenue $103,383
Investment Income $0
Other Revenue $0
TOTAL REVENUE $212,171

Expense Breakdown

Grants Paid $0
Salaries & Benefits $194,050
Fundraising Expenses $340
Other Expenses $95,264
TOTAL EXPENSES $289,314

Year-over-Year Comparison

2022 2021 Change
Revenue $212,171 N/A N/A
Expenses $289,314 N/A N/A
Net Income $-77,143 N/A N/A
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

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Governance

Voting Members
5
Independent Members
N/A
Employees
9
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDON OATES SCHOOL DIRECTOR 40
Director
$0 $0 $0
VICTOR BOYD VICE PREDIDENT 40
Officer
$0 $0 $0
KENNETH GRICE PRESIDENT 40
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
2023 $212,171 $289,314 $128,883 $-77,143
2022 $221,585 $271,660 $210,038 $-50,075
2021 $237,936 $216,078 $256,544 $21,858
2020 $232,026 $229,487 $178,449 $2,539
2019 $276,309 $274,583 $174,159 $1,726
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