Newton's Attic Inc

EIN: 522115824 501(c)(3) Human Services

Lexington, KY

Total Revenue
$735,579
Total Expenses
$701,232
Total Assets
$1,121,548
Net Assets
$1,061,649
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
KY
Principal Officer
William C Cloyd IV
Phone
8599480085
Tax Period
2023-01-01 to 2023-12-31

Newton's Attic Inc, founded in 1998, is a small nonprofit in the Human Services sector that reported $736K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $701K left a modest 5% surplus.

Mission

Provide supplemental education in the areas of science, engineering, technology, and math to children elementary school age through high school age uasing the platforms of after-school programs, summer camps, and site based demonstrations.

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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 (2023)

Revenue Breakdown

Contributions & Grants $56,253
Program Service Revenue $679,002
Investment Income $324
Other Revenue $0
TOTAL REVENUE $735,579

Expense Breakdown

Grants Paid $0
Salaries & Benefits $235,890
Fundraising Expenses $6,850
Program Expenses $650,343
Other Expenses $465,342
TOTAL EXPENSES $701,232

Year-over-Year Comparison

2023 2022 Change
Revenue $735,579 $1,058,531 -0.3%
Expenses $701,232 $686,554 +0.0%
Net Income $34,347 $371,977 -0.9%
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
5
Independent Members
5
Employees
32
Volunteers
23

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
1
$20,896
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathy Gornik Chair 1.00
Director
$0 $0 $0
Craig Dance Director 1.00
Director
$0 $0 $0
Don Skaggs Director 1.00
Director
$0 $0 $0
Ron Holloway Director 1.00
Director
$0 $0 $0
Alan Manche Director 1.00
Director
$0 $0 $0
William C Cloyd IV Executive Director 40.00
Officer
$20,896 $0 $20,896
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 No data No data No data No data
2023 $735,579 $701,232 $1,121,548 $34,347
2022 $1,058,531 $686,554 $1,069,530 $371,977
2021 $586,763 $589,392 $708,436 $-2,629
2020 $563,336 $433,325 $663,598 $130,011
2019 $504,753 $590,000 $533,662 $-85,247
2018 $510,920 $570,160 $623,985 $-59,240
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