NEW BEGINNINGS FOR TOMORROW INC

EIN: 465265153 501(c)(3) Human Services

FAIRFIELD, NJ

Total Revenue
$4,273,261
Total Expenses
$4,145,440
Total Assets
$12,018,330
Net Assets
$2,067,908
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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
NJ
Principal Officer
CANDACE GALVEZ
Phone
9738086279
Tax Period
2023-07-01 to 2024-06-30

NEW BEGINNINGS FOR TOMORROW INC, founded in 2014, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

New Beginnings for Tomorrow (NB4T) is committed to supporting adults with disabilities from the end of educational services through adult life.

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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 (2023)

Revenue Breakdown

Contributions & Grants $110,474
Program Service Revenue $3,940,807
Investment Income $6,955
Other Revenue $215,025
TOTAL REVENUE $4,273,261

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,904,308
Fundraising Expenses $113,947
Program Expenses $3,307,114
Other Expenses $1,241,132
TOTAL EXPENSES $4,145,440

Year-over-Year Comparison

2023 2022 Change
Revenue $4,273,261 $3,531,268 +0.2%
Expenses $4,145,440 $3,163,303 +0.3%
Net Income $127,821 $367,965 -0.7%
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
9
Independent Members
9
Employees
61
Volunteers
10

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
5
$144,686
Total Directors
9
$29,294
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KERRY BRADFORD DIRECTOR 40.00
Officer
$122,663 $11,929 $134,592
RAIMONDA RRAPO Trustee 20.00
Director
$19,200 $0 $19,200
CANDACE GALVEZ President 20.00
Officer Director
$10,094 $0 $10,094
MARK PRUSINA Trustee 20.00
Director
$0 $0 $0
KAREN BRENNER Secretary 20.00
Officer Director
$0 $0 $0
MICHAEL FARRELLY Vice President 20.00
Officer Director
$0 $0 $0
SANDRA DESAPIO Trustee 20.00
Director
$0 $0 $0
DAN BORGO Treasurer 20.00
Officer Director
$0 $0 $0
DEBORAH WILSON Trustee 20.00
Director
$0 $0 $0
PAUL ALAMPI Trustee 20.00
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
2025 No data No data No data No data
2024 $4,273,261 $4,145,440 $12,018,330 $127,821
2023 $3,531,268 $3,163,303 $12,175,717 $367,965
2022 $2,625,645 $2,108,838 $1,965,460 $516,807
2021 $1,808,806 $1,804,567 $1,240,704 $4,239
2020 $1,970,018 $1,577,778 $1,123,225 $392,240
2019 $1,297,564 $1,048,948 $741,338 $248,616
2018 $879,648 $650,786 $462,943 $228,862
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