CENTER FOR NEW BEGINNINGS INC (EIN 510533883) - 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

2005

Legal Domicile

Principal Officer

JESSIA MCCORMICK

Phone

7064370505

Tax Period

2024-01-01 to 2024-12-31

CENTER FOR NEW BEGINNINGS INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

THE CENTER IS A CHRISTIAN NON-PROFIT ORGANIZATION THAT PROVIDES TUTORING, COUNSELING, AND THERAPY TO THOSE IN NEED THROUGHOUT THE CSRA IN RURAL GEORGIA. THE CENTER'S MISSION IS TO OFFER HEALING AND HOPE TO FAMILIES IN NEED THROUGH THE PROVISION OF RESOURCES, SERVICES AND SUPPORT.

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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 $115,742

Program Service Revenue $1,991,717

Investment Income $4,195

Other Revenue $14,413

TOTAL REVENUE $2,126,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,907,943

Fundraising Expenses $5,198

Program Expenses $1,806,873

Other Expenses $386,431

TOTAL EXPENSES $2,294,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,126,067	$2,365,330	-0.1%
Expenses	$2,294,374	$1,960,379	+0.2%
Net Income	$-168,307	$404,951	-1.4%

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

$72,749

Total Directors

$72,749

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSIA MCCORMICK	DOO	25.00	Officer Director	$58,684	$0	$58,684
TINA TANNER	EXECUTIVE DI	25.00	Officer Director	$14,065	$0	$14,065
DARRELL BECKLEY	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY CASELLA	DIRECTOR	1.00	Director	$0	$0	$0
MARY HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
MARY MYERS	BOARD CHAIR	1.00	Officer 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
2024	$2,126,067	$2,294,374	$804,492	$-168,307
2023	$2,365,330	$1,960,379	$945,869	$404,951
2022	$1,588,086	$1,642,428	$540,103	$-54,342
2021	$1,803,323	$1,458,933	$541,482	$344,390
2020	$1,228,309	$1,260,188	$339,074	$-31,879
2019	$908,972	$855,878	$61,504	$53,094
2018	$439,148	$443,716	$20,693	$-4,568

CENTER FOR NEW BEGINNINGS INC