NEW BEGINNINGS BLUEGRASS INC

EIN: 611315605 501(c)(3) Mental Health

Lexington, KY

Total Revenue
$2,952,706
Total Expenses
$2,772,485
Total Assets
$6,685,707
Net Assets
$3,759,229
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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
1997
Legal Domicile
KY
Principal Officer
Christy Shuffett
Phone
8592452400
Tax Period
2024-07-01 to 2025-06-30

NEW BEGINNINGS BLUEGRASS INC, founded in 1997, is a community nonprofit in the Mental Health sector that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $2.8M left a modest 6% surplus.

Mission

PROVIDE PERMANENT HOUSING AND SUPPORTIVE SERVICES TO INDIVIDUALS WITH SERIOUS MENTAL ILLNESS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,599,635
Program Service Revenue $352,981
Investment Income $90
Other Revenue $0
TOTAL REVENUE $2,952,706

Expense Breakdown

Grants Paid $0
Salaries & Benefits $798,375
Fundraising Expenses $0
Program Expenses $2,277,846
Other Expenses $1,974,110
TOTAL EXPENSES $2,772,485

Year-over-Year Comparison

2024 2023 Change
Revenue $2,952,706 $3,224,393 -0.1%
Expenses $2,772,485 $2,486,875 +0.1%
Net Income $180,221 $737,518 -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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Governance

Voting Members
11
Independent Members
11
Employees
16
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
1
$114,960
Total Directors
11
$0
Key Employees
2
$176,912
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTY SHUFFETT EXECUTIVE DIRECTOR 40
Officer
$111,887 $3,073 $114,960
BRYAN ADAMS FINANCE DIRECTOR 37
Key Emp
$86,015 $7,693 $93,708
ANITA LAKES ASSISTANT DIRECTOR OF PROGRAMS 40
Key Emp
$75,826 $7,378 $83,204
ART CROSBY CHAIRMAN 0.5
Director
$0 $0 $0
RICK CHRISTMAN VICE CHAIRMAN 0.5
Director
$0 $0 $0
NATHAN MILLAY TREASURER 0.5
Director
$0 $0 $0
CRYSTAL COULTER BOARD MEMBER 0.5
Director
$0 $0 $0
PHILL GUNNING BOARD MEMBER 0.5
Director
$0 $0 $0
JANELLE MCNEAL BOARD MEMBER 0.5
Director
$0 $0 $0
MARY MILLER BOARD MEMBER 0.5
Director
$0 $0 $0
DAVID RIGGSBY BOARD MEMBER 0.5
Director
$0 $0 $0
STEVE SHANNON BOARD MEMBER 0.5
Director
$0 $0 $0
JAMES WILSON BOARD MEMBER 0.5
Director
$0 $0 $0
SARAH BRUMFIELD BOARD MEMBER 0.5
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
2025 $2,952,706 $2,772,485 $6,685,707 $180,221
2024 $3,224,393 $2,486,875 $6,243,304 $737,518
2023 $2,326,541 $2,040,922 $3,687,876 $285,619
2022 $1,772,160 $1,733,034 $3,312,769 $39,126
2021 $1,948,830 $1,606,112 $3,351,185 $342,718
2020 $1,559,678 $1,442,589 $2,590,535 $117,089
2019 $1,475,329 $1,349,197 $2,289,017 $126,132
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