Vita Nova Inc (EIN 650298299) - 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

1991

Legal Domicile

Principal Officer

Jeff DeMario

Phone

5616890035

Tax Period

2023-10-01 to 2024-09-30

Vita Nova Inc, founded in 1991, is a community nonprofit in the Human Services sector that reported $3.9M in total revenue in fiscal year 2023.

Mission

Vita Nova is a safe bridge to independence for former foster care, (continued on Schedule O)LGBTQ and other homeless youth ages 18-25 in Palm Beach County through supportive housing, education, employment and life skills training.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,782,229

Program Service Revenue $59,139

Investment Income $27,318

Other Revenue $17,205

TOTAL REVENUE $3,885,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,238,863

Fundraising Expenses $274,417

Program Expenses $3,258,631

Other Expenses $1,823,562

TOTAL EXPENSES $4,062,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,885,891	$4,054,411	0.0%
Expenses	$4,062,425	$3,543,681	+0.1%
Net Income	$-176,534	$510,730	-1.3%

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

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

$440,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Dugan CPA	Treasurer	2.00	Officer Director	$0	$0	$0
Vassilia Binensztok	Vice Chairman	2.00	Officer Director	$0	$0	$0
Sarah McKnight	Secretary	2.00	Officer Director	$0	$0	$0
Michael Branch	Chair	2.00	Officer Director	$0	$0	$0
Kristy Pressly	Director	2.00	Director	$0	$0	$0
Kathleen Spears	Director	2.00	Director	$0	$0	$0
Jose Coto	Director	2.00	Director	$0	$0	$0
Toby Pina	Director	2.00	Director	$0	$0	$0
Edward DeVarona	Director	2.00	Director	$0	$0	$0
Kevin McGann	Director	2.00	Director	$0	$0	$0
Jeff DeMario	CEO	50.00	Officer	$169,888	$12,177	$182,065
Dorla Leslie	CFO	50.00	Officer	$141,055	$11,775	$152,830
Darlene Williamson	COO	40.00	Officer	$103,053	$2,905	$105,958
Ashley Kerwin Berry	Dir Development and Community Relations	40.00	Highest	$105,094	$10,612	$115,706

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	$3,885,891	$4,062,425	$5,883,537	$-176,534
2023	$4,054,411	$3,543,681	$6,091,278	$510,730
2023	$4,054,411	$3,543,681	$6,091,278	$510,730
2022	$3,212,831	$3,407,092	$4,669,519	$-194,261
2021	$3,332,832	$2,841,097	$5,013,383	$491,735
2020	$2,903,317	$2,496,256	$4,689,315	$407,061
2019	$2,398,142	$2,239,775	$4,026,373	$158,367
2018	$1,879,502	$2,061,539	$3,884,239	$-182,037

Vita Nova Inc