INSTITUTE FOR THE NEW MAN (EIN 742244154) - 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

1982

Legal Domicile

Principal Officer

ELLEN WITKIN

Phone

3037982342

Tax Period

2024-01-01 to 2024-12-31

INSTITUTE FOR THE NEW MAN, founded in 1982, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.4M, a strong 65% operating margin.

Mission

ASSISTANCE PROVIDED DIRECTLY TO INDIVIDUALS FOR MEDICAL, DENTAL, HEARING, EYECARE, MOBILITY ITEMS, AND MORE. APPLICANTS REFERRED THROUGH SOCIAL SERVICES, HOSPITALS, SCHOOLS, ETC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $952,875

Program Service Revenue $9,505

Investment Income $1,126,445

Other Revenue $0

TOTAL REVENUE $2,088,825

Expense Breakdown

Grants Paid $507,464

Salaries & Benefits $0

Fundraising Expenses $9,151

Program Expenses $552,645

Other Expenses $220,578

TOTAL EXPENSES $728,042

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,088,825	$2,708,145	-0.2%
Expenses	$728,042	$511,253	+0.4%
Net Income	$1,360,783	$2,196,892	-0.4%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN WITKIN	PRESIDENT	28.00	Officer Director	$0	$0	$0
ARTHUR BELEFONTE	VICE PRESIDE	23.00	Officer Director	$0	$0	$0
MARLON NEELY	VICE PRESIDE	8.00	Officer Director	$0	$0	$0
SAMUEL FELD	TREASURER	12.00	Officer Director	$0	$0	$0
AMY OVERLAND	SECRETARY	22.00	Officer Director	$0	$0	$0
BETSY KIRSCHBAUM	DIRECTOR	16.00	Director	$0	$0	$0
KATHARINE MEAD	DIRECTOR	20.00	Director	$0	$0	$0
MAURENE NEELY	DIRECTOR	25.00	Officer Director	$0	$0	$0
MARK OVERLAND	DIRECTOR	20.00	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
2024	$2,088,825	$728,042	$26,481,856	$1,360,783
2023	$2,708,145	$511,253	$24,771,547	$2,196,892
2022	$2,072,948	$449,084	$21,548,793	$1,623,864
2021	$1,781,680	$423,801	$22,700,214	$1,357,879
2020	$1,368,712	$437,389	$21,124,724	$931,323
2019	$1,734,809	$433,105	$20,034,618	$1,301,704
2018	$1,500,321	$477,622	$17,681,063	$1,022,699

INSTITUTE FOR THE NEW MAN