NEW PASSAGES INC (EIN 770563213) - 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

2001

Legal Domicile

Principal Officer

PATRICIA BRATCHER

Phone

5592883548

Tax Period

2022-01-01 to 2022-12-31

NEW PASSAGES INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 89% from the prior year, signaling strong growth momentum. The organization ran a surplus of $220K, a strong 20% operating margin.

Mission

TO PROVIDE CARE FOR CHILDREN WHO ARE WARDS OF THE COURT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $490,408

Investment Income $0

Other Revenue $615,197

TOTAL REVENUE $1,105,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $624,896

Fundraising Expenses $0

Program Expenses $715,621

Other Expenses $260,803

TOTAL EXPENSES $885,699

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,105,605	$586,250	+0.9%
Expenses	$885,699	$741,883	+0.2%
Net Income	$219,906	$-155,633	-2.4%

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

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

$139,859

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA BRATCHER	Executive Dir.	40.00	Officer	$139,859	$0	$139,859
LARRY STOKES	President	4.00	Director	$0	$0	$0
ROMONA DODSON	Secretary	4.00	Director	$0	$0	$0
ARLENE BREWER	Treasurer	4.00	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
2022	$1,105,605	$885,699	$494,425	$219,906
2021	$586,250	$741,883	$291,553	$-155,633
2020	$1,158,667	$847,594	$487,264	$311,073
2019	$807,059	$763,059	$141,092	$44,000
2018	$726,330	$825,865	$91,711	$-99,535

NEW PASSAGES INC