NEW HOPE EDUCATIONAL INSTITUTE INC

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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

1988

Legal Domicile

Principal Officer

SUSAN JOY MORROW

Phone

3014597311

Tax Period

2024-07-01 to 2025-06-30

NEW HOPE EDUCATIONAL INSTITUTE INC, founded in 1988, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2024.

Mission

INDEPENDENT SCHOOL SERVING A DIVERSE POPULATION OF STUDENTS, WITH CLASSES FOR PRESCHOOL (PRE-K3 AND PRE-K4), LOWER SCHOOL (KINDERGARTEN TO 7TH GRADE), AND COLLEGE-PREPARATORY UPPER SCHOOL (8TH TO 12TH GRADE). SEVIS- APPROVED TO ACCEPT INTERNATIONAL STUDENTS ON F-1 VISAS. WE EXTEND OUR EDUCATIONAL MISSION BY SPONSORING SCHOOLS AND STUDENTS IN GAMBIA, AFRICA, AND BY OPENING OUR EXTRA-CURRICULAR PERFORMING ARTS AND SPORTS PROGRAMS TO THE LOCAL COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $2,631,291 Revenue: $2,316,326

ELEMENTARY & SECONDARY EDUCATION, GENERAL/OTHER SCHOOL OFFERING STUDENTS PRE-K3 THROUGH 12TH GRADE A FULL STATE-ACCREDITED CURRICULUM, INCLUDING MUSIC, ART, AND FOREIGN LANGUAGE, WITH AN EMPHASIS ON CHARACTER DEVELOPMENT AS WELL AS BEFORE & AFTER SCHOOL PROGRAMS AND A SUMMER PROGRAM (163 STUDENTS).

Program 2

Expenses: $2,113

PARTNERSHIPS IN EDUCATION PROGRAMS GAMBIA PROJECT - PROVIDING SCHOLARSHIPS TO HIGH SCHOOL STUDENTS, ELEMENTARY STUDENTS, AND UNIVERSITY STUDENTS ALNG WITH EDUCATIONAL PROGRAMS IN THE GAMBIA...

PARTNERSHIPS IN EDUCATION PROGRAMS GAMBIA PROJECT - PROVIDING SCHOLARSHIPS TO HIGH SCHOOL STUDENTS, ELEMENTARY STUDENTS, AND UNIVERSITY STUDENTS ALNG WITH EDUCATIONAL PROGRAMS IN THE GAMBIA SUPPORTING SERVICES TRAVEL TO GAMBIA ALONG WITH THE COST OF SERVICE PROJECT AND SUPPLIES AND MEDICAL EQUIPMENT.

Program 3

Expenses: $31,136 Revenue: $88,907

EXTRACURRICULAR PROGRAMS INCLUDING AFTER SCHOOL DANCE AND SPORTS WHICH EMPHASIZE PHYSICAL FITNESS AND TEAM-BUILDING SKILLS. STUDENTS DEVELOP SKILLS AND PARTICIPATE IN GAMES WITH STUDENTS FROM OTHER...

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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 $54,880

Program Service Revenue $2,405,233

Investment Income $5,178

Other Revenue $0

TOTAL REVENUE $2,465,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,909,203

Fundraising Expenses $0

Program Expenses $2,664,540

Other Expenses $755,337

TOTAL EXPENSES $2,664,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,465,291	$2,514,201	0.0%
Expenses	$2,664,540	$2,574,767	+0.0%
Net Income	$-199,249	$-60,566	+2.3%

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

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

$76,751

Total Directors

$270,772

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN JOY MORROW	PRESIDENT/PR	40.00	Officer Director	$76,751	$0	$76,751
KAREN WILKENING	SECRETARY /	40.00	Director	$46,598	$0	$46,598
KIM DADACHANJI	BOARD MEMBER	40.00	Director	$45,574	$0	$45,574
AISHA FAISON	BOARD MEMBER	40.00	Director	$45,571	$0	$45,571
BEVERLY BERNDT	BOARD MEMBER	40.00	Director	$56,278	$0	$56,278
LEE WAUGHTEL	TREASURER	2.00	Director	$0	$0	$0
DIALLO CRENSHAW	MEMBER AT LA	1.00	Director	$0	$0	$0
JEFFREY EATON	MEMBER AT LA	1.00	Director	$0	$0	$0
ROBERT HAGANS	MEMBER AT LA	1.00	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
2025	$2,465,291	$2,664,540	$1,113,629	$-199,249
2024	No data	No data	No data	No data
2023	$2,423,790	$2,372,622	$1,632,395	$51,168
2022	$2,569,853	$2,353,147	$1,754,918	$216,706
2021	$1,784,199	$1,695,158	$2,008,820	$89,041
2020	$2,074,431	$2,047,312	$2,048,240	$27,119
2018	$1,842,749	$1,906,365	$1,906,562	$-63,616