NEW HORIZONS PROPERTIES II INC (EIN 592408827) - 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

1984

Legal Domicile

Principal Officer

RICHARD ANDERSON

Phone

3523745600

Tax Period

2024-07-01 to 2025-06-30

NEW HORIZONS PROPERTIES II INC, founded in 1984, is a small nonprofit that reported $220K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $319K exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVIDE AFFORDABLE HOUSING FOR PEOPLE WITH PSYCHIATRIC DISABILITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $133,132

Program Service Revenue $87,130

Investment Income $185

Other Revenue $44

TOTAL REVENUE $220,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $240,269

Other Expenses $318,770

TOTAL EXPENSES $318,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,491	$196,672	+0.1%
Expenses	$318,770	$312,998	+0.0%
Net Income	$-98,279	$-116,326	-0.2%

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

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

$340,182

Total Directors

$952,140

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARGARITA M LABARTA	CHAIRMAN, (THRU 2/25)	0.45	Officer Director	$0	$0	$0
RICHARD ANDERSON	SECRETARY/TREAS, CHAIR (BEG 2/25)	0.45	Officer Director	$0	$24,860	$204,507
PATRICIA ABBITT	VICE CHAIR	0.25	Officer Director	$0	$0	$0
MARY ALFORD	DIRECTOR	0.25	Director	$0	$0	$0
DONALD SAVOIE	DIRECTOR (THRU 9/24)	0.25	Director	$0	$39,540	$384,194
LAUREN COHN	DIRECTOR (BEG 2/25)	0.25	Director	$0	$6,723	$227,764
ANNMARIE ATTAWAY	SECRETARY/TREAS (BEG 2/25)	0.25	Officer Director	$0	$12,790	$135,675

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	$220,491	$318,770	$1,257,569	$-98,279
2024	No data	No data	No data	No data
2023	$176,535	$278,213	$1,339,375	$-101,678
2022	$174,863	$221,756	$1,322,841	$-46,893
2021	$174,222	$219,479	$1,310,179	$-45,257
2020	$173,156	$163,017	$1,328,909	$10,139
2019	$161,458	$210,909	$1,340,374	$-49,451
2018	$160,966	$192,104	$1,324,425	$-31,138

NEW HORIZONS PROPERTIES II INC