NEW HORIZON HIGH SCHOOL

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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

2018

Legal Domicile

Principal Officer

THOMAS GRANADO

Phone

4807222730

Tax Period

2021-07-01 to 2022-06-30

NEW HORIZON HIGH SCHOOL, founded in 2018, is a small nonprofit in the Education sector that reported $884K in total revenue in fiscal year 2021. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

OUR MISSION IS TO ENABLE OUR STUDENTS TO REALIZE THEIR UNIQUE TALENTS WHILE MASTERING CORE ACADEMIC SKILLS AND DEVELOPING THE SOCIAL-EMOTIONAL STRENGTHS REQUIRED FOR STUDENT SUCCESS IN THE 21ST CENTURY.

Program Service Accomplishments

Program 1

Expenses: $839,880 Revenue: $14,534

PHS COMBINES INSTRUCTIONAL RIGOR AND RELATIONSHIP FOCUSED INTERVENTIONS TO ACHIEVE AN ENVIRONMENT WHERE STUDENTS FEEL SAFE AND WELCOMED AS THEY CONTINUE TO GROW AND ACHIEVE THEIR GOALS. OUR SCHOOL...

PHS COMBINES INSTRUCTIONAL RIGOR AND RELATIONSHIP FOCUSED INTERVENTIONS TO ACHIEVE AN ENVIRONMENT WHERE STUDENTS FEEL SAFE AND WELCOMED AS THEY CONTINUE TO GROW AND ACHIEVE THEIR GOALS. OUR SCHOOL PROFESSIONALS ENSURE OUR STUDENTS' GROWTH BY AIDING STUDENTS IN CREATING HEALTHY HABITS THAT PROMOTE MENTAL, SOCIAL, EMOTIONAL, AND BEHAVIORAL HEALTH.

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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 (2021)

Revenue Breakdown

Contributions & Grants $869,912

Program Service Revenue $14,534

Investment Income $0

Other Revenue $0

TOTAL REVENUE $884,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $528,051

Fundraising Expenses $0

Program Expenses $839,880

Other Expenses $416,967

TOTAL EXPENSES $945,018

Year-over-Year Comparison

	2021	2020	Change
Revenue	$884,446	$1,185,838	-0.3%
Expenses	$945,018	$962,644	0.0%
Net Income	$-60,572	$223,194	-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

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS GRANADO	PRESIDENT	N/A	Officer Director	$0	$0	$0
WYNN GRANADO	MEMBER	N/A	Director	$0	$0	$0
MINDY LEON	MEMBER	N/A	Director	$0	$0	$0
AMEE VERMEIRE	MEMBER	N/A	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	$884,446	$945,018	$276,533	$-60,572
2021	$1,185,838	$962,644	$348,918	$223,194
2020	$732,853	$1,050,988	$154,722	$-318,135