NEW HORIZONS SUPPORTED SERVICES INC (EIN 521174407) - 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

1969

Legal Domicile

Principal Officer

KEITHA WILLIAMS

Phone

3012490206

Tax Period

2022-07-01 to 2023-06-30

NEW HORIZONS SUPPORTED SERVICES INC, founded in 1969, is a community nonprofit in the Employment sector that reported $3.4M in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $3.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

NEW HORIZONS IS DEDICATED TO SUPPORTING PEOPLE WITH DISABILITIES IN GAINING AND MAINTAINING THE SKILLS AND RESOURCES NEEDED TO MAXIMIZE THEIR POTENTIAL FOR INDEPENDENCE IN THEIR COMMUNITIES BOTH VOCATIONALLY AND SOCIALLY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $110,181

Program Service Revenue $3,216,960

Investment Income $526

Other Revenue $49,087

TOTAL REVENUE $3,376,754

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,747,037

Fundraising Expenses $74,960

Program Expenses $3,394,639

Other Expenses $1,173,654

TOTAL EXPENSES $3,920,691

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,376,754	$3,791,651	-0.1%
Expenses	$3,920,691	$3,538,150	+0.1%
Net Income	$-543,937	$253,501	-3.1%

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

103

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

$127,634

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD VAUGHN	EXECUTIVE DIRECTOR	40.00	Officer	$125,248	$2,386	$127,634
KEITHA WILLIAMS	PRESIDENT	5.00	Officer Director	$0	$0	$0
PEGGY IRELAND	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
THEODORE GARRETT JR	TREASURER	5.00	Officer Director	$0	$0	$0
LOTTIE COLES	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVONDA HEYWARD	BOARD MEMBER	5.00	Director	$0	$0	$0
LILLIAN VIRGINIA PARKS	BOARD MEMBER	5.00	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
2023	$3,376,754	$3,920,691	$3,412,586	$-543,937
2022	$3,791,651	$3,538,150	$3,980,757	$253,501
2021	$4,267,024	$3,464,230	$4,148,838	$802,794
2020	$5,071,556	$5,439,205	$3,128,445	$-367,649
2019	$5,240,808	$5,234,860	$2,861,950	$5,948
2018	$4,879,204	$5,108,292	$3,062,487	$-229,088

NEW HORIZONS SUPPORTED SERVICES INC