New Vision Inc (EIN 621853857) - 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

2008

Legal Domicile

Phone

6154733006

Tax Period

2023-07-31 to 2024-06-30

New Vision Inc, founded in 2008, is a small nonprofit in the Crime & Legal sector that reported $251K in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $233K left a modest 7% surplus.

Mission

The mission for New Vision, Incorporated is to educate and empower through a continuum of services that strengthen the lives of families. Our belief is that there are No Limits, No Boundaries to influencing the lives of children and families.

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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 $0

Program Service Revenue $250,643

Investment Income $0

Other Revenue $0

TOTAL REVENUE $250,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,692

Fundraising Expenses $0

Other Expenses $127,894

TOTAL EXPENSES $232,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,643	$168,208	+0.5%
Expenses	$232,586	$145,436	+0.6%
Net Income	$18,057	$22,772	-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

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

Total Directors

$101,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lakesha Malone	Program Director	60	Director Highest	$50,000	$0	$50,000
Timothy Malone	President	70	Director Highest	$51,000	$0	$51,000
Larry Colbert	Board Member	1	Officer	$0	$0	$0
Carlos Lacy	Board Member	1	Officer	$0	$0	$0
Latoya Dangler	Board Member	1	Officer	$0	$0	$0
Delores Voliber	Board Member	1	Officer	$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
2024	$250,643	$232,586	$39,241	$18,057
2023	$527,151	$431,465	$57,240	$95,686
2022	$469,705	$562,786	$104,511	$-93,081
2021	$992,754	$1,292,344	$216,309	$-299,590
2020	$1,267,006	$1,766,594	$162,991	$-499,588
2020	$957,157	$269,437	$1,312,398	$687,720
2019	$2,808,831	$2,713,136	$477,973	$95,695

New Vision Inc