NEW HORIZONS GROUP HOMES INC (EIN 650372596) - 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

1992

Legal Domicile

Principal Officer

813-571-2690

Phone

8135712690

Tax Period

2023-01-01 to 2023-12-31

NEW HORIZONS GROUP HOMES INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $928K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDING COMMUNITY BASED RESIDENTIAL GROUP HOMES FOR UP TO 19 ADULTS WITH DEVELOPMENTAL 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 (2023)

Revenue Breakdown

Contributions & Grants $271,735

Program Service Revenue $637,011

Investment Income $900

Other Revenue $18,512

TOTAL REVENUE $928,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $585,507

Fundraising Expenses $8,177

Program Expenses $688,429

Other Expenses $341,951

TOTAL EXPENSES $927,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$928,158	$808,136	+0.1%
Expenses	$927,458	$827,256	+0.1%
Net Income	$700	$-19,120	-1.0%

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

Total Directors

Key Employees

$60,582

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER WATKINS	PRESIDENT	10.00	Officer Director	$0	$0	$0
BRENDA WATKINS	SECRETARY	10.00	Officer Director	$0	$0	$0
DARLENE MCFARLAND	TREASURER	2.00	Officer Director	$0	$0	$0
STEVE STONER	BOARD MEMBER	0.50	Director	$0	$0	$0
LESLIE GARGANO	BOARD MEMBER	0.50	Director	$0	$0	$0
HECTOR MONTES-MARCHI	BOARD MEMBER	0.50	Director	$0	$0	$0
SHANNON GRIFFITH	BOARD MEMBER	0.50	Director	$0	$0	$0
SHERRI PARTAIN	BOARD MEMBER	0.50	Director	$0	$0	$0
JAMES GRECO	BOARD MEMBER	0.50	Director	$0	$0	$0
TIFFANY HOFEDITZ	EXECUTIVE DIRECTOR	40.00	Key Emp Highest	$60,582	$0	$60,582

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	No data	No data	No data	No data
2023	$928,158	$927,458	$802,519	$700
2022	$808,136	$827,256	$805,622	$-19,120
2021	$732,319	$829,506	$822,879	$-97,187
2020	$789,521	$798,728	$904,396	$-9,207
2019	$796,369	$816,121	$912,777	$-19,752
2018	$799,629	$842,680	$972,095	$-43,051

NEW HORIZONS GROUP HOMES INC