NEW HORIZONS INC (EIN 721013169) - 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

1984

Legal Domicile

Principal Officer

PATRICIA YORUW

Phone

3186718131

Tax Period

2023-10-01 to 2024-09-30

NEW HORIZONS INC, founded in 1984, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

NEW HORIZONS IS A NON-PROFIT, NON-RESIDENTIAL, COUMMUNITY-BASED, CONSUMER- DRIVEN, CONSUMER-CONTROLLED ORGANIZATION WITH THE MISSION OF "ENABLING PEOPLE WITH DISABILITIES TO LIVE INDEPENDENTLY". NEW HORIZONS OFFERS FIVE CORE INDEPENDENT LIVING SERVICES OF INFORMATION AND REFERRAL, ADVOCACY, SKILLS TRAINING, TRANSITION, AND PEER SUPPORT. IN ADDITION, NEW HORIZONS OFFERS EMPLOYMENT SERVICES, A LOAN CLOSET FOR DURABLE MEDICAL EQUIPMENT, DIRECT SERVICE WORKER TRAINING, PERSONAL ATTENDANT SERVICES, AND DEAF AND HARD OF HEARING SERVICES IN THE 29 PARISHES OF NORTH LOUISIANA. SERVICES AND PROGRAMS ARE DIRECTED FROM THE MAIN OFFICE IN SHREVEPOR, LA AND FROM SATELLITE OFFICES IN ALEXANDRIA, LA AND MONROE, LA.

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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 $667,891

Program Service Revenue $876,233

Investment Income $5,919

Other Revenue $0

TOTAL REVENUE $1,550,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,181,456

Fundraising Expenses $5,173

Program Expenses $1,473,641

Other Expenses $486,854

TOTAL EXPENSES $1,668,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,550,043	$1,762,233	-0.1%
Expenses	$1,668,310	$1,720,913	0.0%
Net Income	$-118,267	$41,320	-3.9%

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

$45,085

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA YORUW	EXECUTIVE DI	40.00	Officer	$45,085	$0	$45,085
BRUCE ADCOCK	TREASURER	N/A	Director	$0	$0	$0
OREATHA ALEX	SECRETARY	N/A	Director	$0	$0	$0
ANDI BARFUSS	MEMBERSHIP	N/A	Director	$0	$0	$0
DENISE ELMORE	MEMBERSHIP	N/A	Director	$0	$0	$0
SHARON GEDDES	MEMBERSHIP	N/A	Director	$0	$0	$0
HANDY GILES	MEMBERSHIP	N/A	Director	$0	$0	$0
WYOLANDA HALL	PRESIDENT	N/A	Director	$0	$0	$0
DIANNE JOHNSON	MEMBERSHIP	N/A	Director	$0	$0	$0
VELMA JOHNSON	MEMBERSHIP	N/A	Director	$0	$0	$0
JULIE LAPREASE	MEMBERSHIP	N/A	Director	$0	$0	$0
GERRITT MOELLER	MEMBERSHIP	N/A	Director	$0	$0	$0
CLINT SNELL	MEMBERSHIP	N/A	Director	$0	$0	$0
REBECCA WELCH	VICE PRESIDE	N/A	Director	$0	$0	$0
JO ANNE WOODARD	MEMBERSHIP	N/A	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
2024	$1,550,043	$1,668,310	$538,251	$-118,267
2023	$1,762,233	$1,720,913	$641,868	$41,320
2022	$1,491,277	$1,335,483	$532,477	$155,794
2021	$1,561,150	$1,315,251	$375,293	$245,899
2020	$1,296,051	$1,328,874	$298,452	$-32,823
2019	$1,327,048	$1,333,323	$167,517	$-6,275
2018	$1,167,007	$1,166,199	$181,512	$808

NEW HORIZONS INC