NEW HORIZONS RESOURCES INC (EIN 524862107) - 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

1974

Legal Domicile

Principal Officer

SAMUEL LAGANARO

Phone

8454733000

Tax Period

2024-01-01 to 2024-12-31

NEW HORIZONS RESOURCES INC, founded in 1974, is a mid-sized nonprofit that reported $37.2M in total revenue in fiscal year 2024. Expenses of $34.7M left a modest 7% surplus.

Mission

THE MISSION OF NEW HORIZONS RESOURCES IS TO ENABLE PEOPLE WITH DEVELOPMENTAL DISABILITIES TO ACHIEVE FULFILLING LIVES WITHIN THEIR LOCAL COMMUNITIES BY ESTABLISHING A HOME, BELONGING, SELF-DETERMINATION, LEARNING, PRODUCTIVITY AND INDIVIDUAL RESPECT.

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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 $1,168,601

Program Service Revenue $35,685,949

Investment Income $285,491

Other Revenue $23,533

TOTAL REVENUE $37,163,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,571,064

Fundraising Expenses $0

Program Expenses $30,942,280

Other Expenses $8,160,137

TOTAL EXPENSES $34,731,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,163,574	$34,418,032	+0.1%
Expenses	$34,731,201	$33,348,924	+0.0%
Net Income	$2,432,373	$1,069,108	+1.3%

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

509

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

$636,021

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN VARUZZO	BOARD MEMBER	0.29	Director	$0	$0	$0
MADELAINE WATTERSON	BOARD MEMBER	0.19	Director	$0	$0	$0
PHILLIP SELIGMAN	BOARD MEMBER	0.29	Director	$0	$0	$0
ALISON HEADY	BOARD MEMBER	0.19	Director	$0	$0	$0
DONNA SEELBACH	BOARD MEMBER	0.29	Director	$0	$0	$0
SANDRA LUDLUM	BOARD MEMBER	0.19	Director	$0	$0	$0
MATTHEW SLIFSTEIN	BOARD MEMBER	0.29	Director	$0	$0	$0
THERESA BURDICK	BOARD MEMBER	0.29	Director	$0	$0	$0
HELENA LEE	BOARD MEMBER	0.19	Director	$0	$0	$0
PETER LEONARD	BOARD MEMBER	0.29	Director	$0	$0	$0
DANIEL HICKEY	BOARD PRESIDENT	0.82	Officer	$0	$0	$0
SANDRA SWAN	ASSISTANT EXECUTIVE DIRECT	40.00	Officer	$157,214	$45,277	$202,491
PAIGE DECKER	SECRETARY	0.24	Officer	$0	$0	$0
EDWARD MCCORMICK	TREASURER	0.34	Officer	$0	$0	$0
RITA MCPECK	VICE PRESIDENT	0.34	Officer	$0	$0	$0
STEVEN CONSTABLE	CFO (NEW)	40.00	Officer	$58,786	$5,385	$64,171
SAMUEL LAGANARO	EXECUTIVE DIRECTOR	40.00	Officer	$181,031	$23,508	$204,539
NANCY A SLAUSON	CFO (RETIRING)	40.00	Officer	$164,132	$688	$164,820
DIANE CAPIZZUTO	CHIEF HR OFFICER	40.00	Highest	$110,062	$8,749	$118,811
FELICIA BROWN	PROGRAM COORDINATOR	40.00	Highest	$137,095	$7,423	$144,518
ROSEMARY MARQUIS	RESIDENCE COORDINATOR	40.00	Highest	$141,738	$7,323	$149,061
CARMEN LA SERNA	RESIDENCE COORDINATOR	40.00	Highest	$113,227	$1,037	$114,264
CHERI GALINDO	REGISTERED NURSE	40.00	Highest	$110,508	$7,592	$118,100

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	$37,163,574	$34,731,201	$31,502,523	$2,432,373
2023	$34,418,032	$33,348,924	$26,962,243	$1,069,108
2022	$37,998,531	$36,547,293	$27,079,750	$1,451,238
2021	$30,534,005	$28,976,074	$25,550,652	$1,557,931
2020	$32,387,297	$28,465,522	$23,468,725	$3,921,775
2019	$29,092,400	$28,070,882	$18,884,254	$1,021,518
2018	$26,767,099	$26,515,793	$18,855,137	$251,306

NEW HORIZONS RESOURCES INC