NEW FUTURES (EIN 522180378) - 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

1999

Legal Domicile

Principal Officer

SHERROD WILLIAMS

Phone

2023845854

Tax Period

2023-01-01 to 2023-12-31

NEW FUTURES, founded in 1999, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $2.1M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO CREATE POST-SECONDARY EDUCATIONAL OPPORTUNITIES FOR UNDERSERVED INDIVIDUALS IN DC AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,591,330

Program Service Revenue $0

Investment Income $54,355

Other Revenue $116,942

TOTAL REVENUE $1,762,627

Expense Breakdown

Grants Paid $418,150

Salaries & Benefits $1,196,496

Fundraising Expenses $307,895

Program Expenses $1,398,086

Other Expenses $444,190

TOTAL EXPENSES $2,138,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,762,627	$1,440,926	+0.2%
Expenses	$2,138,726	$2,176,911	0.0%
Net Income	$-376,099	$-735,985	-0.5%

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

108

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

$168,063

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN KRAUSE BELL	CHAIR	4.00	Officer Director	$0	$0	$0
DR JONATHAN MATHIS	PROGRAMS CHAIR	4.00	Director	$0	$0	$0
DR HEATHER WATHINGTON	VICE CHAIR	4.00	Officer Director	$0	$0	$0
JUSTIN DUFOUR	BOARD MEMBER	2.00	Director	$0	$0	$0
KENDRA GRINNAGE	BOARD MEMBER	2.00	Director	$0	$0	$0
ELIZABETH HAYES	BOARD MEMBER	2.00	Director	$0	$0	$0
LORI JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL KERSHOW	BOARD MEMBER	2.00	Director	$0	$0	$0
KIM VINICK	SECRETARY	4.00	Officer Director	$0	$0	$0
SELVON WALDRON	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFFREY OBERSTEIN	BOARD MEMBER	2.00	Director	$0	$0	$0
LIYA ABARAGO	BOARD MEMBER	2.00	Director	$0	$0	$0
KELLY MAKIMOTO-MURPHY	BOARD MEMBER	2.00	Director	$0	$0	$0
AURELIO RIVERA	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT SAUM	TREASURER	4.00	Officer Director	$0	$0	$0
MARY ZMUDA	BOARD MEMBER	2.00	Director	$0	$0	$0
DR SHERROD WILLIAMS	CHIEF EXECUTIVE OFFICER	50.00	Officer	$168,063	$0	$168,063
GRISELDA MACIAS	DIRECTOR OF PROGRAMS	40.00	Highest	$107,598	$0	$107,598
SHIREE SKINNER	DIRECTOR OF DEV. AND COMMUNICATIONS	40.00	Highest	$109,444	$0	$109,444
JAMILA WILLIAMS	DIR. OF PEOPLE, CULTURE AND OPER.	40.00	Highest	$106,284	$0	$106,284

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	$1,762,627	$2,138,726	$2,585,787	$-376,099
2022	$1,440,926	$2,176,911	$2,874,489	$-735,985
2021	$1,588,607	$1,896,790	$3,353,001	$-308,183
2020	$3,064,781	$1,508,158	$3,346,279	$1,556,623
2019	$1,410,612	$1,647,129	$1,717,192	$-236,517
2018	$1,184,975	$1,086,722	$1,721,423	$98,253

NEW FUTURES