New Beginnings Youth Homes Inc (EIN 510540548) - 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

Tessa Ward

Tax Period

2020-01-01 to 2020-12-31

New Beginnings Youth Homes Inc, founded in 2005, is a micro nonprofit that reported $46K in total revenue in fiscal year 2020. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $64K exceeded revenue, resulting in a 39% operating deficit.

Mission

We provide two, six bedroom, teaching-style homes for at-risk people in Pinellas County. Originally built singularly for aging out at-risk youth, the vision and usage has broadened to domestic violence victims, single moms with kids, veterans struggling to adjust, and addicts in a program of recovery. There is a need for a faith-based approach such as is provided by New Beginnings Youth Homes, Inc., to reach out and help all at-risk individuals.

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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 $22,884

Program Service Revenue $22,854

Investment Income $17

Other Revenue $0

TOTAL REVENUE $45,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,772

Other Expenses $63,772

TOTAL EXPENSES $63,772

Year-over-Year Comparison

	2020	2019	Change
Revenue	$45,755	$68,569	-0.3%
Expenses	$63,772	$68,345	-0.1%
Net Income	$-18,017	$224	-81.4%

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

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
Tessa Ward	CEO	15.00	Officer Director	$0	$0	$0
David Ashe	CFO	10.00	Officer Director	$0	$0	$0
William Bly	Board Member	0.00	Director	$0	$0	$0
Diane Bly	Board Member	0.00	Director	$0	$0	$0
Rachel Goette	Board Member	0.00	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
2020	$45,755	$63,772	$484,992	$-18,017
2019	$68,569	$68,345	$489,953	$224

New Beginnings Youth Homes Inc