NEW COMMUNITIES INC (EIN 581076838) - 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

1968

Legal Domicile

Principal Officer

SHIRLEY SHERROD

Phone

2294309870

Tax Period

2022-01-01 to 2022-12-31

NEW COMMUNITIES INC, founded in 1968, is a small nonprofit that reported $392K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $673K exceeded revenue, resulting in a 72% operating deficit.

Mission

TO COMBAT RURAL POVERTY

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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 (2022)

Revenue Breakdown

Contributions & Grants $125,565

Program Service Revenue $0

Investment Income $4,234

Other Revenue $262,376

TOTAL REVENUE $392,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $200,887

Fundraising Expenses $0

Program Expenses $144,289

Other Expenses $471,825

TOTAL EXPENSES $672,712

Year-over-Year Comparison

	2022	2021	Change
Revenue	$392,175	$428,039	-0.1%
Expenses	$672,712	$1,073,099	-0.4%
Net Income	$-280,537	$-645,060	-0.6%

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

$60,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHIRLEY SHERROD	PRESIDENT/CE	5.00	Officer Director	$60,000	$0	$60,000
XAVIER BAILEY	CHAIRMAN	3.00	Officer Director	$0	$0	$0
PHILLIP DAVIS	MEMBER	3.00	Director	$0	$0	$0
PAUL JONES	TREASURER	25.00	Officer Director	$0	$0	$0
CHARLIE MARKS	MEMBER	3.00	Director	$0	$0	$0
KENYATTA SHERROD	SECRETARY	3.00	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
2022	$392,175	$672,712	No data	$-280,537
2021	$428,039	$1,073,099	$5,753,333	$-645,060
2020	$914,567	$1,202,315	$6,324,124	$-287,748
2019	$432,360	$1,165,097	$6,442,622	$-732,737
2018	$512,759	$1,152,357	$8,420,661	$-639,598

NEW COMMUNITIES INC