NEWCORP INC (EIN 721297875) - 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

1995

Legal Domicile

Principal Officer

Vaughn Fauria

Phone

5042081700

Tax Period

2023-01-01 to 2023-12-31

NEWCORP INC, founded in 1995, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. Net assets of $5.1M represent 55 months of operating reserves.

Mission

NewCorp, Inc. is a private non-profit 501(C)(3) CDFI that provides financial products and services, technical assistance, training, counseling and advisory services to small/medium, underserved businesses.

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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 $779,528

Program Service Revenue $0

Investment Income $239,109

Other Revenue $94,810

TOTAL REVENUE $1,113,447

Expense Breakdown

Grants Paid $0

Salaries & Benefits $585,901

Fundraising Expenses $0

Program Expenses $889,230

Other Expenses $595,498

TOTAL EXPENSES $1,181,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,113,447	$1,647,488	-0.3%
Expenses	$1,181,399	$1,267,116	-0.1%
Net Income	$-67,952	$380,372	-1.2%

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

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

Key Employees

$210,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vaughn Fauria	Executive Director	50	Key Emp	$210,000	$0	$210,000
Vanessa Brown Claiborne	President	3	Director	$0	$0	$0
Angela Obyrne	Treasurer	2	Director	$0	$0	$0
Sheryl Howard	Secretary	2	Director	$0	$0	$0
Monica Edwards	Member	2	Director	$0	$0	$0
Gerald Johnson	Member	2	Director	$0	$0	$0
James Ross	Member	2	Director	$0	$0	$0
Rodderick Miller	Member	2	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	No data	No data	No data	No data
2023	$1,113,447	$1,181,399	$10,548,442	$-67,952
2022	$1,647,488	$1,267,116	$11,879,198	$380,372

NEWCORP INC