NEW DAY INC OF SPARTANBURG

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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

1986

Legal Domicile

Principal Officer

DAVID WHITE

Phone

8645827110

Tax Period

2023-07-01 to 2024-06-30

NEW DAY INC OF SPARTANBURG, founded in 1986, is a small nonprofit that reported $555K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $700K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PROVIDE PSYCHIATRIC REHABILITATION SERVICES TO MENTALLY DISABLED ADULTS.

Program Service Accomplishments

Program 1

Expenses: $612,028 Revenue: $498,965

PROVIDED PSYCHOSOCIAL REHABILITATION SERVICES TO AN APPROXIMATE TOTAL OF 145 CLIENTS WITH AVERAGE ATTENDANCE OF APPROXIMATELY 34. MEALS, TRAINING AND OTHER ACTIVITIES WERE PROVIDED TO THOSE IN...

PROVIDED PSYCHOSOCIAL REHABILITATION SERVICES TO AN APPROXIMATE TOTAL OF 145 CLIENTS WITH AVERAGE ATTENDANCE OF APPROXIMATELY 34. MEALS, TRAINING AND OTHER ACTIVITIES WERE PROVIDED TO THOSE IN ATTENDANCE.

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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 $42,887

Program Service Revenue $498,311

Investment Income $13,401

Other Revenue $0

TOTAL REVENUE $554,599

Expense Breakdown

Grants Paid $0

Salaries & Benefits $467,091

Fundraising Expenses $16,105

Program Expenses $612,028

Other Expenses $232,962

TOTAL EXPENSES $700,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$554,599	$481,802	+0.2%
Expenses	$700,053	$523,083	+0.3%
Net Income	$-145,454	$-41,281	+2.5%

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

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

$37,714

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMBER PENNINGTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WHITE	CHAIR	2.00	Officer Director	$0	$0	$0
HELEN WEST	VICE CHAIR	2.00	Officer Director	$0	$0	$0
RALPH WESSINGER	DIRECTOR	1.00	Director	$0	$0	$0
ED BOUKNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
LIZ EGGERDING	SECRETARY	2.00	Officer Director	$0	$0	$0
KATHERINE GARLAND	DIRECTOR	1.00	Director	$0	$0	$0
JANE CLEMMER	DIRECTOR	1.00	Director	$0	$0	$0
KEN HUFF	DIRECTOR	1.00	Director	$0	$0	$0
JOHNNY MARTINEZ	TREASURER	2.00	Officer Director	$0	$0	$0
ANDREW TURNER	EXECUTIVE DIRECTOR	40.00	Officer	$37,714	$0	$37,714

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	$554,599	$700,053	$1,328,616	$-145,454
2023	$481,802	$523,083	$1,448,885	$-41,281
2022	$618,731	$569,099	$1,494,137	$49,632
2021	$647,521	$582,774	$1,587,772	$64,747
2020	$494,501	$708,824	$1,442,743	$-214,323
2019	$558,576	$657,052	$1,541,346	$-98,476