NEVER TOO LATE INC

EIN: 474253760 501(c)(3)

MONTICELLO, GA

Total Revenue
$-126,246
Total Expenses
$26,581
Total Assets
N/A
Net Assets
N/A
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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
Principal Officer
DAVID DYER
Phone
7064682544
Tax Period
2021-01-01 to 2021-12-31

NEVER TOO LATE INC, founded in 2015, is a micro nonprofit that reported $126K in total revenue in fiscal year 2021. Revenue fell 175% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE A GROUP HOME IN MONTICELLO, GA FOR BOYS AGE 10-18 IN FOSTER CARE WHO ARE UNABLE TO FIND A FULL TIME FOSTER CARE HOME.

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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 (2021)

Revenue Breakdown

Contributions & Grants $5,745
Program Service Revenue $0
Investment Income $-131,991
Other Revenue $0
TOTAL REVENUE $-126,246

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,795
Other Expenses $26,581
TOTAL EXPENSES $26,581

Year-over-Year Comparison

2021 2020 Change
Revenue $-126,246 $169,102 -1.7%
Expenses $26,581 $235,591 -0.9%
Net Income $-152,827 $-66,489 +1.3%
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

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Governance

Voting Members
4
Independent Members
4
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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID DYER CHAIR N/A
Director
$0 $0 $0
DAVE GARWOOD VICE CHAIR N/A
Officer
$0 $0 $0
JAN GASTON SECRETARY N/A
Officer
$0 $0 $0
BOB TROUTEAUD TREASURER N/A
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 $-126,246 $26,581 No data $-152,827
2020 $169,102 $235,591 $300,827 $-66,489
2019 $60,617 $125,116 $325,275 $-64,499
2018 $95,775 $136,585 $391,964 $-40,810
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