NEW INTERNATIONAL COTTAGES INC

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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

2015

Legal Domicile

Principal Officer

EUGENIE KING

Phone

7608092375

Tax Period

2021-01-01 to 2021-12-31

NEW INTERNATIONAL COTTAGES INC, founded in 2015, is a small nonprofit that reported $570K in total revenue in fiscal year 2021. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 81% operating deficit.

Mission

To receive and disburse funds for the purpose of constructing new cottages in Balboa Park, San Diego for the New International Cottage Inc. members.

Program Service Accomplishments

Program 1

Expenses: $1,022,117 Revenue: $569,973

BUILDING OF INTERNATIONAL COTTAGES IN BALBOA PARK MAJORITY OF EXPENSES ARE FOR BUILDING PLANS AND CONSTRUCTION

Program 2

Expenses: $525 Revenue: $0

PERMITS AND PLANNING FEES FOR CONSTRUCTION OF COTTAGES PAID TO THE CITY OF SAN DIEGO PLUS OPERATING FEES AND LICENSES

Program 3

Expenses: $6,168 Revenue: $0

SUPPLIES FOR RECORD KEEPING WHILE CONSTRUCTION PROGESSES AND INSURANCE

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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 (2021)

Revenue Breakdown

Contributions & Grants $569,973

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $569,973

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,028,810

Other Expenses $1,028,810

TOTAL EXPENSES $1,028,810

Year-over-Year Comparison

	2021	2020	Change
Revenue	$569,973	$3,119,001	-0.8%
Expenses	$1,028,810	$2,733,192	-0.6%
Net Income	$-458,837	$385,809	-2.2%

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

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
Eugenie King	PRESIDENT	10.00	Officer	$0	$0	$0
Art Castro	FIRST VICE PRESIDENT	5.00	Officer	$0	$0	$0
Rom Sarno	SECRETARY	5.00	Officer	$0	$0	$0
Diana Lecca	TREASURER	5.00	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
2021	$569,973	$1,028,810	$87,137	$-458,837
2020	$3,119,001	$2,733,192	$545,975	$385,809