NEW VISION FOUNDATION (EIN 812114563) - 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

2016

Legal Domicile

Principal Officer

HUSSEIN FARAH

Phone

6513409742

Tax Period

2023-01-01 to 2023-12-31

NEW VISION FOUNDATION, founded in 2016, is a community nonprofit in the International Affairs sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 13% surplus.

Mission

TO PROVIDE PATHWAYS TO SUCCESS BY MOTIVATING DISADVANTAGED YOUTH AND YOUNG ADULTS IN MINNESOTA THROUGH CODING AND DIGITAL LITERACY CLASSES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,221,718

Program Service Revenue $89,756

Investment Income $120

Other Revenue $0

TOTAL REVENUE $1,311,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $693,313

Fundraising Expenses $48,829

Program Expenses $1,010,577

Other Expenses $420,513

TOTAL EXPENSES $1,135,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,311,594	$836,658	+0.6%
Expenses	$1,135,076	$1,053,677	+0.1%
Net Income	$176,518	$-217,019	-1.8%

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

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

$121,920

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMIRA ADAWE	DIRECTOR	1.00	Director	$0	$0	$0
DAN NELSON	DIRECTOR	1.00	Director	$0	$0	$0
ANIL HURAKADI	DIRECTOR	1.00	Director	$0	$0	$0
AMIIN HARUN	DIRECTOR	1.00	Director	$0	$0	$0
ANGALUKI MUAKA	DIRECTOR	1.00	Director	$0	$0	$0
STACEY NELSON-KUMAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
TOM GITAA	SECRETARY	1.00	Officer Director	$0	$0	$0
HUSSEIN HASHI	TREASURER	1.00	Officer Director	$0	$0	$0
HUSSEIN FARAH	FOUNDER, EXECUTIVE DIR	40.00	Officer	$103,060	$18,860	$121,920

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	No data	No data	No data	No data
2023	$1,311,594	$1,135,076	$809,224	$176,518
2022	$836,658	$1,053,677	$548,964	$-217,019
2021	$3,502,088	$3,485,261	$1,210,057	$16,827
2020	$731,213	$343,855	$734,157	$387,358
2019	$412,258	$187,523	$295,575	$224,735

NEW VISION FOUNDATION