NEW BEGINNINGS FOR YOUTH FOUNDATION

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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

1998

Legal Domicile

Principal Officer

RHONDA WILSON

Phone

7856086089

Tax Period

2020-01-01 to 2020-12-31

NEW BEGINNINGS FOR YOUTH FOUNDATION, founded in 1998, is a small nonprofit that reported $254K in total revenue in fiscal year 2020. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $364K exceeded revenue, resulting in a 43% operating deficit.

Mission

WE AT NEW BEGINNINGS FOR YOUTH FOUNDATION (YRCII) ARE DEDICATED TO IMPROVING THE QUALITY OF LIFE FOR YOUTH WITH INCREASED ACCESS TO INTEGRATED SERVICE, LIFE CHOICES INCLUDING RESIDENTIAL EDUCATION, SPIRITUAL, DAILY SKILLS, EMPLOYMENT, AND RECREATION. WE ARE OBLIGATED TO PROMOTING CHOICES AND PROTECTING RIGHTS. WE BELIVE ALL LIFE HOLDS VALUE AND EACH INDIVIDUAL IS ENTITLED TO THE RESPECT AND DIGNITY THAT WE AS A FOUNDATION, COMMUNITY SERVICE PROVIDERS, AND CITIZENS TAKE FOR GRANTED. WE ARE COMMITTED TO ASSISTING YOUTH WITH CREATING A NEW WAY OF THINKING TO ACHIEVE THEIR HIGHEST LEVEL OF INDEPENDENCE AND SELF-WORTH BY PROVIDING THE APPROPRIATE SUPPORTS.

Program Service Accomplishments

Program 1

Expenses: $362,874 Revenue: $240,548

THE FOUNDATION PROVIDES CARE FOR THE FOSTER CHILDREN WHO ARE WARDS OF THE STATE. CARE INCLUDES MEETING PHYSICAL NEEDS, SUCH AS FOOD, SHELTER AND CLOTHING. EMOTIONAL NEEDS SUCH AS THERAPY. MEDICAL...

THE FOUNDATION PROVIDES CARE FOR THE FOSTER CHILDREN WHO ARE WARDS OF THE STATE. CARE INCLUDES MEETING PHYSICAL NEEDS, SUCH AS FOOD, SHELTER AND CLOTHING. EMOTIONAL NEEDS SUCH AS THERAPY. MEDICAL NEEDS SUCH AS DENTAL AND PHYSICALS AND WHATEVER ELSE IS NEEDED FOR THE WELL BEING OF THE CHILD.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $240,548

Investment Income $13,096

Other Revenue $0

TOTAL REVENUE $253,644

Expense Breakdown

Grants Paid $0

Salaries & Benefits $227,517

Fundraising Expenses $0

Program Expenses $362,874

Other Expenses $136,057

TOTAL EXPENSES $363,574

Year-over-Year Comparison

	2020	2019	Change
Revenue	$253,644	$506,546	-0.5%
Expenses	$363,574	$452,349	-0.2%
Net Income	$-109,930	$54,197	-3.0%

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

N/A

Employees

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

$60,500

Total Directors

$80,196

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RHONDA K WILSON	CEO	40.00	Officer Director	$60,500	$0	$60,500
RUSSELL S WHITESIDE	SECRETARY	32.00	Officer Director	$0	$0	$0
RYAN L WHITESIDE	DIRECTOR	5.00	Director	$19,696	$0	$19,696

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
2020	$253,644	$363,574	$56,540	$-109,930
2019	$506,546	$452,349	$167,304	$54,197
2018	$525,558	$463,316	$107,643	$62,242