NEWPORT INC (EIN 570935516) - 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

1991

Legal Domicile

Principal Officer

RON LAUGHRIDGE

Phone

8645827110

Tax Period

2023-07-01 to 2024-06-30

NEWPORT INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $108K in total revenue in fiscal year 2023. Expenses of $143K exceeded revenue, resulting in a 32% operating deficit.

Mission

PROVIDING HOUSING FOR LOW INCOME CHRONICALLY MENTALLY ILL PERSONS BY OPERATING A HUD-ASSIESTED APARTMENT COMMUNITY REGULATED UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT OF 1990.

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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 $0

Program Service Revenue $107,306

Investment Income $552

Other Revenue $0

TOTAL REVENUE $107,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,036

Fundraising Expenses $0

Program Expenses $119,871

Other Expenses $111,780

TOTAL EXPENSES $142,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,858	$110,283	0.0%
Expenses	$142,816	$129,993	+0.1%
Net Income	$-34,958	$-19,710	+0.8%

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
RON LAUGHRIDGE	CHAIR	1.00	Officer Director	$0	$0	$0
HELEN WEST	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAMES LOCKABY	DIRECTOR	1.00	Director	$0	$0	$0
TYRONE WHITENER	DIRECTOR	1.00	Director	$0	$0	$0
JACINTA WILLIAMS	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
DAVID WHITE	VICE CHAIR	1.00	Director	$0	$0	$0
JOHNNY MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
BOB REYNOLDS	TREASURER	1.00	Officer Director	$0	$0	$0
GERRI REBELLO	SECRETARY	1.00	Officer Director	$0	$0	$0
KATRINA MEANS	DIRECTOR	1.00	Director	$0	$0	$0
LIZ EGGERDING	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW TURNER	EXECUTIVE DIRECTOR	1.00	Officer	$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	$107,858	$142,816	$298,289	$-34,958
2023	$110,283	$129,993	$324,376	$-19,710
2022	$114,246	$134,780	$343,252	$-20,534
2021	$108,968	$129,008	$367,404	$-20,040
2020	$106,518	$127,969	$386,361	$-21,451

NEWPORT INC