NEW FOUNDATIONS HOME FOR CHILDREN

EIN: 570634724 501(c)(3) Human Services

ANDERSON, SC

Total Revenue
$5,717,318
Total Expenses
$5,720,055
Total Assets
$4,191,960
Net Assets
$2,869,229
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1974
Legal Domicile
SC
Principal Officer
STEVE DEAN
Phone
8642251628
Tax Period
2023-07-01 to 2024-06-30

NEW FOUNDATIONS HOME FOR CHILDREN, founded in 1974, is a community nonprofit in the Human Services sector that reported $5.7M in total revenue in fiscal year 2023.

Mission

NEW FOUNDATIONS IS A PRIVATE NONPROFIT TREATMENT AGENCY SPECIALIZING IN CARING FOR EMOTIONALLY TROUBLED CHILDREN, ADOLESCENTS AND FAMILIES. IT PROVIDES AN ARRAY OF PROGRAMS TO MEET THESE NEEDS.

Program Service Accomplishments

Program 1
Expenses: $3,730,005

GROUP CARE INSTENSIVE SERVICES OF THE PAST SURVEYS ATTEMPTED AND DISTRIBUTED; 72% OF THOSE SURVEYED WERE IN A LESS RESTRICTED ENVIRONMENT; 93% HAD NO CRIMINAL CONDUCT SINCE DISCHARGE AND 99% WERE IN...

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GROUP CARE INSTENSIVE SERVICES OF THE PAST SURVEYS ATTEMPTED AND DISTRIBUTED; 72% OF THOSE SURVEYED WERE IN A LESS RESTRICTED ENVIRONMENT; 93% HAD NO CRIMINAL CONDUCT SINCE DISCHARGE AND 99% WERE IN SCHOOL, WORKING OR IN VOCATIONAL TRAINING.

Program 2
Expenses: $397,968

THERAPEUTIC FOSTER CARE SERVCIES INCLUDE MEDICALLY FRAGILE, SPECIAL NEEDS, BEHAVIORAL/EMOTIONAL HEALTH ISSUES, TREATMENT COORDINATOR, INTENSIVE SUPPORT AND IN-HOME SERVICES.

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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 $705,450
Program Service Revenue $4,942,498
Investment Income $55,895
Other Revenue $13,475
TOTAL REVENUE $5,717,318

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,201,552
Fundraising Expenses $153,753
Program Expenses $4,127,973
Other Expenses $1,518,503
TOTAL EXPENSES $5,720,055

Year-over-Year Comparison

2023 2022 Change
Revenue $5,717,318 $5,437,052 +0.1%
Expenses $5,720,055 $5,290,471 +0.1%
Net Income $-2,737 $146,581 -1.0%
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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Governance

Voting Members
11
Independent Members
11
Employees
147
Volunteers
250

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLLIN BRYANT VICE PRESIDE N/A
Officer Director
$0 $0 $0
MICHAEL COUSAR BOARD MEMBER N/A
Director
$0 $0 $0
LINDA GARDNER BOARD MEMBER N/A
Director
$0 $0 $0
BRANTLY HAIGLER PRESIDENT N/A
Officer Director
$0 $0 $0
MARANDA HUNNICUTT SECRETARY N/A
Officer Director
$0 $0 $0
DANNY NELSON TREASURER N/A
Officer Director
$0 $0 $0
CHELSEA NEWTON BOARD MEMBER N/A
Director
$0 $0 $0
BOB OPPERMAN BOARD MEMBER N/A
Director
$0 $0 $0
TODD PRICE BOARD MEMBER N/A
Director
$0 $0 $0
TERRY TRITT BOARD MEMBER N/A
Director
$0 $0 $0
TYRONE WILLIAMS BOARD 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 No data No data No data No data
2024 $5,717,318 $5,720,055 $4,191,960 $-2,737
2023 $5,437,052 $5,290,471 $4,204,541 $146,581
2022 $5,446,936 $5,087,474 $4,122,937 $359,462
2021 $5,167,335 $5,267,163 $3,866,529 $-99,828
2021 $5,167,335 $5,267,163 $3,866,529 $-99,828
2020 $5,395,379 $5,163,594 $4,236,215 $231,785
2019 $4,736,506 $4,845,530 $3,637,818 $-109,024
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