NEW MORNING APARTMENTS (EIN 562574959) - 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

2008

Legal Domicile

Principal Officer

DEANNA MCCRARY

Phone

3145352220

Tax Period

2025-01-01 to 2025-12-31

NEW MORNING APARTMENTS, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $81K in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $132K exceeded revenue, resulting in a 63% operating deficit.

Mission

PROVIDES HOUSING TO DISABLED PERSONS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT UNDER AGREEMENT WITH THE DEPARTMENT OF HUD.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $76,579

Investment Income $30

Other Revenue $4,084

TOTAL REVENUE $80,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,998

Fundraising Expenses $0

Program Expenses $104,808

Other Expenses $116,666

TOTAL EXPENSES $131,664

Year-over-Year Comparison

	2025	2024	Change
Revenue	$80,693	$74,661	+0.1%
Expenses	$131,664	$132,791	0.0%
Net Income	$-50,971	$-58,130	-0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WENDY ICE	PRESIDENT	N/A	Officer Director	$0	$0	$0
LISA TOLBERT	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
DEANNA MCCRARY	TREASURER	N/A	Officer Director	$0	$0	$0
SHEILA FOSTER	SECRETARY	N/A	Officer Director	$0	$0	$0
JANICE WARD	MEMBER	N/A	Director	$0	$0	$0
BRENDA ROBERTSON	MEMBER	N/A	Director	$0	$0	$0
DWANA LYERLA	MEMBER	N/A	Director	$0	$0	$0
DONNA LOWERY	MEMBER	N/A	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	$80,693	$131,664	$1,231,958	$-50,971
2024	$74,661	$132,791	$1,289,887	$-58,130
2023	$76,381	$119,010	$1,347,308	$-42,629
2022	$78,820	$132,405	$1,392,583	$-53,585
2021	$76,087	$127,691	$1,435,889	$-51,604
2020	$78,094	$126,822	$1,489,063	$-48,728
2019	$71,026	$117,973	$1,532,120	$-46,947
2018	$70,027	$117,043	$1,581,769	$-47,016

NEW MORNING APARTMENTS