A NEW BEGINNING FOR YOU INC

EIN: 721591368 501(c)(3) Human Services

TROY, AL

Total Revenue
$296,564
Total Expenses
$256,369
Total Assets
$293,980
Net Assets
$33,471
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
AL
Principal Officer
PATRICIA WRIGHT
Tax Period
2023-01-01 to 2023-12-31

A New Beginning For You Inc, founded in 2005, is a small nonprofit in the Human Services sector that reported $288K in total revenue in fiscal year 2018. Revenue fell 32% from the prior year — a significant decline worth monitoring.

Mission

CHARITABLE, RELIGIOUS AND EDUCATIONAL PURPOSES FOR THE ELDERLY, FRAIL, AND HANDICAPPED INDIVIDUALS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $296,564
Investment Income $0
Other Revenue $0
TOTAL REVENUE $296,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $119,681
Fundraising Expenses $0
Program Expenses $256,369
Other Expenses $136,688
TOTAL EXPENSES $256,369

Year-over-Year Comparison

2023 2022 Change
Revenue $296,564 $296,564 N/A
Expenses $256,369 $260,226 0.0%
Net Income $40,195 $36,338 +0.1%
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

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Governance

Voting Members
3
Independent Members
1
Employees
2
Volunteers
4

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
1
$72,800
Total Directors
2
$37,440
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA WRIGHT PRESIDENT 40.00
Officer
$72,800 $0 $72,800
JOHNESHA WRIGHT DIRECTOR 40.00
Director
$37,440 $0 $37,440
MARQUE WRIGHT DIRECTOR 0.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $296,564 $256,369 $293,980 $40,195
2022 $219,379 $256,722 $284,588 $-37,343
2021 $293,140 $255,236 No data $37,904
2020 $284,266 $252,065 No data $32,201
2019 $316,272 $352,928 No data $-36,656
2018 $288,480 $296,023 No data $-7,543
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