NEW CHANCE INC (EIN 480826480) - 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

1975

Legal Domicile

Principal Officer

Doug Austen

Phone

6202250476

Tax Period

2024-07-01 to 2025-06-30

NEW CHANCE INC, founded in 1975, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

We are dedicated to providing a nurturing, compassionate and thriving environment for individuals affected by alcohol and other drugs. We offer them an opportunity to ease their turmoil through education, treatment and the recovery process.

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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 $97,005

Program Service Revenue $1,814,404

Investment Income $9,247

Other Revenue $0

TOTAL REVENUE $1,920,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,613,699

Fundraising Expenses $0

Program Expenses $1,602,375

Other Expenses $501,678

TOTAL EXPENSES $2,115,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,920,656	$2,340,343	-0.2%
Expenses	$2,115,377	$1,996,600	+0.1%
Net Income	$-194,721	$343,743	-1.6%

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

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

$85,134

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY SAPP	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTINA HASELHORST	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRODY BECK	DIRECTOR	2.00	Director	$0	$0	$0
J WYNN FLEENER	DIRECTOR	2.00	Director	$0	$0	$0
KELLY KNEDLER	VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
DOUG AUSTEN	EXECUTIVE DIRECTOR	40.00	Officer	$85,134	$0	$85,134

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	$1,920,656	$2,115,377	$2,158,610	$-194,721
2024	$2,340,343	$1,996,600	$2,306,990	$343,743
2023	$1,756,867	$1,702,696	$1,949,378	$54,171
2022	$1,953,019	$1,604,144	$1,837,187	$348,875
2021	$2,210,585	$1,643,567	$1,721,131	$567,018
2020	$1,208,503	$1,551,459	$1,166,365	$-342,956
2019	$1,341,864	$1,513,614	$1,223,282	$-171,750

NEW CHANCE INC