New Beginnings Law Center

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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

Elissa C Lasserre

Phone

4154924540

Tax Period

2024-09-01 to 2025-08-31

New Beginnings Law Center, founded in 2015, is a small nonprofit in the Crime & Legal sector that reported $213K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

New Beginnings Law Center is a community?based reintegration program. Our mission is to reduce recidivism through legal advocacy, compassionate accountability, and strong collaboration with government partners and community organizations.

Program Service Accomplishments

Program 1

Expenses: $228,105 Revenue: $11,913

New Beginnings Law Center (NBLC) provides legal advocacy and support to people with criminal records. We reduce recidivism through compassionate accountability, client participation, and...

New Beginnings Law Center (NBLC) provides legal advocacy and support to people with criminal records. We reduce recidivism through compassionate accountability, client participation, and collaboration with government and community partners. Clients pay a nominal fee to foster self?worth and complete a ?Paying It Forward? contribution that strengthens community ties.

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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 $203,895

Program Service Revenue $9,250

Investment Income $0

Other Revenue $0

TOTAL REVENUE $213,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,076

Fundraising Expenses $1,188

Program Expenses $228,105

Other Expenses $50,029

TOTAL EXPENSES $228,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$213,145	$228,087	-0.1%
Expenses	$228,105	$215,978	+0.1%
Net Income	$-14,960	$12,109	-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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Ricci	President	2	Officer	$0	$0	$0
Heather Donoho	Treasurer	1	Officer	$0	$0	$0
Elissa Lasserre	Secretary	N/A	Officer	$0	$0	$0
Travis Meyers	Director	1	Director	$0	$0	$0
Lee Cusick	Director	1	Director	$0	$0	$0
Yalile Cintron	Director	1	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	$213,145	$228,105	$31,699	$-14,960
2024	$228,087	$215,978	$46,659	$12,109