THE NEW IMPACT FUND (EIN 465187324) - 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

2014

Legal Domicile

Principal Officer

ALICIA R PHILLIPS

Phone

6122814809

Tax Period

2024-01-01 to 2024-12-31

THE NEW IMPACT FUND, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $784K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 32% operating deficit.

Mission

TO CONNECT BIPOC ENTREPRENEURS IN TWIN CITIES NEIGHBORHOODS WITH THE FINANCIAL AND SOCIAL CAPITAL THEY NEED TO GROW AND SUSTAIN THEIR BUSINESSES BY ACTIVATING UNTAPPED INDIVIDUAL WEALTH, ULTIMATELY WORKING TO ELIMINATE THE RACIAL WEALTH GAP IN OUR LOCAL ECOSYSTEM.

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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 $628,526

Program Service Revenue $155,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $783,526

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,299

Fundraising Expenses $42,349

Program Expenses $901,758

Other Expenses $714,747

TOTAL EXPENSES $1,032,881

Year-over-Year Comparison

	2024	2023	Change
Revenue	$783,526	$949,711	-0.2%
Expenses	$1,032,881	$373,689	+1.8%
Net Income	$-249,355	$576,022	-1.4%

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

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

$254,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA R PHILLIPS	EXECUTIVE DI	40.00	Officer	$172,200	$82,528	$254,728
TJ TICEY	CHAIR	2.00	Officer Director	$0	$0	$0
SUSAN F SHANK CFA	TREASURER	2.00	Officer Director	$0	$0	$0
ALEX DASHE	SECRETARY	2.00	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	$783,526	$1,032,881	$1,052,877	$-249,355
2023	$949,711	$373,689	$1,263,725	$576,022
2022	$696,250	$833,281	$504,799	$-137,031
2021	$763,896	$301,302	$641,752	$462,594
2020	$103,791	$4,777	$175,979	$99,014
2019	No data	$3,292	$76,965	No data
2018	No data	$10,156	$262,400	No data

THE NEW IMPACT FUND