NEW BEGINNING OF CHARLESTON INC (EIN 562075108) - 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

1998

Legal Domicile

Principal Officer

Charles Greer

Phone

8434528520

Tax Period

2024-01-01 to 2024-12-31

NEW BEGINNING OF CHARLESTON INC, founded in 1998, is a small nonprofit in the Mental Health sector that reported $456K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $522K exceeded revenue, resulting in a 15% operating deficit.

Mission

Provide counseling and boarding for high risk youth

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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 $1,000

Program Service Revenue $454,479

Investment Income $73

Other Revenue $0

TOTAL REVENUE $455,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,887

Fundraising Expenses $100

Program Expenses $414,040

Other Expenses $186,358

TOTAL EXPENSES $522,245

Year-over-Year Comparison

	2024	2023	Change
Revenue	$455,552	$680,433	-0.3%
Expenses	$522,245	$530,896	0.0%
Net Income	$-66,693	$149,537	-1.4%

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

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

$153,154

Total Directors

Key Employees

$121,154

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Greer	Program Coordinator	50.00	Officer Key Emp	$60,577	$0	$60,577
Ruth Greer	Program Director	50.00	Officer Key Emp	$60,577	$0	$60,577
Heather Ham	Director	40.00	Officer	$32,000	$0	$32,000
Mable Steadman	Board Member	1.00	Director	$0	$0	$0
Mable Hector	Board Member	1.00	Director	$0	$0	$0
Hilda Stanley	Board Member	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
2024	$455,552	$522,245	$326,860	$-66,693
2023	$680,433	$530,896	$337,813	$149,537
2021	$270,807	$294,855	$301,716	$-24,048
2020	$394,511	$488,155	$327,813	$-93,644
2019	$712,657	$723,572	$421,097	$-10,915
2018	$610,073	$601,520	$363,050	$8,553

NEW BEGINNING OF CHARLESTON INC