NEW HORIZONS UNLIMITED

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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

1976

Legal Domicile

Principal Officer

LISA BALDIK

Phone

4063532611

Tax Period

2024-07-01 to 2025-06-30

NEW HORIZONS UNLIMITED, founded in 1976, is a micro nonprofit that reported $2K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $16K exceeded revenue, resulting in a 947% operating deficit.

Mission

NEW HORIZONS UNLIMITED IS A NON-PROFIT ORGANIZATION THAT PROVIDES OUR COMMUNITY MEMBERS WITH DISABILITIES THE INFORMATION, TOOLS AND EXPERIENCES THAT ENCOURAGE LIFELONG LEARNING AND SERVICE, AND ENABLE THEM TO BECOME CONFIDENT, CONTRIBUTING CITIZENS. WE BELIEVE THAT FULFILLMENT CAN BE ACHIEVED IN MANY DIFFERENT WAYS AND AT EVERY STAGE OF LIFE. AS SUCH, WE OFFER A RANGE OF SERVICES TO KEEP OUR COMMUNITY MEMBERS MOVING FORWARD IN THEIR LIVES.

Program Service Accomplishments

Program 1

ALL PROGRAMS ENDED DURING THE FISCAL YEAR ENDED JUNE 30, 2024. THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN ITS AFFAIRS.

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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 $0

Program Service Revenue $0

Investment Income $842

Other Revenue $662

TOTAL REVENUE $1,504

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,460

Fundraising Expenses $0

Other Expenses $11,280

TOTAL EXPENSES $15,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,504	$100,870	-1.0%
Expenses	$15,740	$56,455	-0.7%
Net Income	$-14,236	$44,415	-1.3%

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
DAN STOUT	PRESIDENT	1.00	Officer Director	$0	$0	$0
LISA BALDIK	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN BILLMAYER	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE GREEN	DIRECTOR	1.00	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	$1,504	$15,740	$621,944	$-14,236
2024	$100,870	$56,455	$636,300	$44,415
2023	$198,919	$209,627	$995,040	$-10,708
2022	$530,098	$641,654	$1,017,792	$-111,556
2021	$579,284	$663,909	$1,133,206	$-84,625
2020	$810,367	$763,492	$1,218,814	$46,875
2019	$884,935	$834,092	$1,180,548	$50,843
2018	$872,838	$882,830	$1,146,220	$-9,992