NEW HORIZONS COPORATION

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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

1971

Legal Domicile

Principal Officer

TRACY NIXON

Phone

6153608595

Tax Period

2024-07-01 to 2025-06-30

NEW HORIZONS COPORATION, founded in 1971, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Expenses of $5.8M left a modest 7% surplus.

Mission

VOCATIONAL TRAINING, RESIDENTIAL, AND DAY SERVICES PROVIDED TO DEVELOPMENTALLY DISABLED ADULTS.

Program Service Accomplishments

Program 1

Expenses: $1,816,063 Revenue: $3,500,844

RESIDENTIAL SERVICESSUPPORTED LIVING RESIDENTIAL SERVICE WITH INDIVIDUALIZED SERVICE AND SUPPORTS IN EITHER A SHIFT OR COMPANION HOME WHERE THE PROVIDER (NEW HORIZONS) STAFFS THE HOME AND EMPLOYS THE CAREGIVERS.FAMILY MODEL RESIDENTIAL SERVICE WITH INDIVIDUALIZED SERVICE AND SUPPORTS IN THE HOME OF TRAINED CAREGIVERS OTHER THAN THE FAMILY OF ORIGIN. THE CAREGIVERS ARE OVERSEEN BY THE PROVIDER (NEW HORIZONS) AS CONTRACTED INDIVIDUALS.PERSONAL ASSISTANCE PROVISION OF DIRECT ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, USUALLY PROVIDED IN THE SERVICE RECIPIENT'S HOME.OUR PRINCIPAL FUNDING IS PROVIDED BY THE STATE OF TENNESSEE DEPARTMENT OF INTELLECTUAL AND DEVELOPMENTAL DISABILITIES (DIDD), PRODUCTION FACILITY CONTRACTS, COMMUNITY-BASED EMPLOYMENT CONTRACTS, AND RESIDENTIAL SERVICES.

Program 2

Expenses: $2,564,914 Revenue: $2,489,819

DAY SERVICESEMPLOYMENT / FACILITY-BASED SERVICES THIS SERVICE FACILITATES ACCESS AND SUPPORT ACTIVITIES SUCH AS COMPETITIVE EMPLOYMENT, SELF-EMPLOYMENT, ENCLAVES AND WORK CREWS. THE SUPPORTED...

DAY SERVICESEMPLOYMENT / FACILITY-BASED SERVICES THIS SERVICE FACILITATES ACCESS AND SUPPORT ACTIVITIES SUCH AS COMPETITIVE EMPLOYMENT, SELF-EMPLOYMENT, ENCLAVES AND WORK CREWS. THE SUPPORTED WORKSHOP PROGRAM WAS DISCONTINUED DURING THE FISCAL YEAR ENDING JUNE 30, 2020. THE REMAINING EMPLOYMENT AND FACILITY-BASED SERVICES ARE STILL OPERATING AS OF JUNE 30, 2024.COMMUNITY BASED / IN HOME SERVICES THIS SERVICE ENABLES THE SERVICE RECIPIENTS TO PARTICIPATE IN AN INTEGRATED SETTING WITH OTHER COMMUNITY MEMBERS WHO MAY OR MAY NOT HAVE A DISABILITY. THESE SUPPORTS MAY BE PROVIDED IN THE HOME, IF THERE IS A HEALTH, BEHAVIORAL OR OTHER MEDICAL REASON, OR IF THE INDIVIDUAL HAS CHOSEN RETIREMENT. SUPPORTS MAY FACILITATE JOB EXPLORATION, VOLUNTEER WORK, EDUCATIONAL ACTIVITIES, AND OTHER MEANINGFUL, MEASURABLE COMMUNITY ACTIVITIES THAT PROMOTE DEVELOPING AND MAINTAINING RELATIONSHIPS.

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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 $29,095

Program Service Revenue $5,990,663

Investment Income $176,450

Other Revenue $11,675

TOTAL REVENUE $6,207,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,706,823

Fundraising Expenses $8,211

Program Expenses $4,380,977

Other Expenses $2,062,643

TOTAL EXPENSES $5,769,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,207,883	$5,816,855	+0.1%
Expenses	$5,769,466	$5,538,805	+0.0%
Net Income	$438,417	$278,050	+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

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

$179,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
APRIL HARRINGTON	BOARD DIRECTOR	2.00	Director	$0	$0	$0
DAN STREBEL	BOARD DIRECTOR	2.00	Director	$0	$0	$0
DELANA STEVENS	BOARD DIRECTOR	2.00	Director	$0	$0	$0
DENNIS MEEHAN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JASON ROCHELLE	PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNIFER BENNETT	VICE - PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY BRYSON	SECRETARY	2.00	Officer Director	$0	$0	$0
NICK PASSOMATO	TREASURER	2.00	Officer Director	$0	$0	$0
RENEE GOODRICH	BOARD DIRECTOR	2.00	Director	$0	$0	$0
AISHA MANSARAY	EXECUTIVE DIRECTOR	40.00	Officer	$179,442	$0	$179,442

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	$6,207,883	$5,769,466	$6,970,547	$438,417
2024	$5,816,855	$5,538,805	$6,407,410	$278,050
2023	$5,932,386	$6,002,884	$6,007,956	$-70,498
2022	$6,432,643	$6,217,070	$6,127,295	$215,573
2021	$6,586,261	$5,809,757	$5,963,466	$776,504
2020	$6,559,755	$6,388,421	$5,240,114	$171,334
2019	$6,778,876	$6,779,190	$4,928,747	$-314