LAGRANGE, GA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW VENTURES INC, founded in 1978, is a community nonprofit in the Employment sector that reported $2.8M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3.5M exceeded revenue, resulting in a 28% operating deficit.
FOUNDED IN 1971, NEW VENTURES, INC. HAS BEEN SERVING TROUP COUNTY FOR 50 YEARS. INITIALLY SERVING AS A SHELTERED WORKSHOP FOR THE WEST GEORGIA AREA, WE PROVIDED WORK PROGRAMS AND LEISURE ACTIVITIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. IN RESPONSE TO COMMUNITY NEEDS, OUR PROGRAMS EXPANDED TO INCLUDE WORK EVALUATION,WORK ADJUSTMENT, SHELTERED EMPLOYMENT, AND JOB PLACEMENT. MANY YEARS LATER, THE JOB TRAINING PROGRAM EXPANDED AGAIN TO SERVE INDIVIDUALS WITH OTHER BARRIERS TO EMPLOYMENT. OTHER BARRIERS TO EMPLOYMENT MAY INCLUDE, BUT ARE NOT LIMITED TO, HOMELESSNESS, LACK OF EDUCATION, LACK OF WORK EXPERIENCE, LACK OF TRANSPORTATION, CRIMINAL HISTORY, ETC. THE EXPANSION IN SERVICES LED TO THE ESTABLISHMENT OF OUR MISSION. NEW VENTURES, INC. IS A TRAINING COMPANY THAT TEACHES NECESSARY SKILLS FOR SUCCESSFUL EMPLOYMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,752,079 | $3,380,639 | -0.2% |
| Expenses | $3,513,665 | $3,851,691 | -0.1% |
| Net Income | $-761,586 | $-471,052 | +0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID KEGEL | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| J M RAWLINSON | DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANE HOLLIS | DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| GAIL STANFORD | DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KIM BARTLEY DUNN | DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CLARA BROWN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MIKE ANGSTADT | DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| KRISTINE THURMAN | DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE WILSON | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$82,452 | $0 | $82,452 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $2,752,079 | $3,513,665 | $4,121,850 | $-761,586 |
| 2024 | $3,380,639 | $3,851,691 | $4,631,422 | $-471,052 |
| 2023 | $5,119,119 | $3,975,105 | $5,150,006 | $1,144,014 |
| 2022 | $4,611,445 | $3,732,272 | $3,943,756 | $879,173 |
| 2021 | $4,677,179 | $4,198,788 | $4,082,893 | $478,391 |
| 2020 | $5,651,373 | $4,150,113 | $4,180,105 | $1,501,260 |
| 2019 | $3,312,875 | $3,266,749 | $2,444,792 | $46,126 |
| 2018 | $2,810,419 | $3,225,457 | $2,486,738 | $-415,038 |
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