NEW ERA EDUCATION INC

EIN: 521111598 501(c)(3)

BALTIMORE, MD

Total Revenue
$141,558
Total Expenses
$152,069
Total Assets
$8,354
Net Assets
$-61,681
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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
1977
Legal Domicile
MD
Principal Officer
MYRTICE HOCKADAY
Tax Period
2018-07-01 to 2019-06-30

NEW ERA EDUCATION INC, founded in 1977, is a small nonprofit that reported $142K in total revenue in fiscal year 2018. Revenue decreased 15% compared to the prior year.

Mission

DAY CARE CENTER

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $57,885
Program Service Revenue $83,673
Investment Income $0
Other Revenue $0
TOTAL REVENUE $141,558

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,299
Fundraising Expenses $0
Program Expenses $136,100
Other Expenses $60,770
TOTAL EXPENSES $152,069

Year-over-Year Comparison

2018 2017 Change
Revenue $141,558 $165,601 -0.1%
Expenses $152,069 $171,503 -0.1%
Net Income $-10,511 $-5,902 +0.8%
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

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Governance

Voting Members
4
Independent Members
4
Employees
7
Volunteers
4

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
0
$0
Total Directors
4
$12,069
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYTICE HOCKADAY EXEC DIRECTO 40.00
Director
$12,069 $0 $12,069
DOROTHY PERRY PRESIDENT 0.00
Director
$0 $0 $0
REGINA HOWARD SECRETARY 0.00
Director
$0 $0 $0
ELISE HOWARD TREASURER 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
2019 $141,558 $152,069 $8,354 $-10,511
2018 $165,601 $171,503 $21,128 $-5,902
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