NEW BREATH FOUNDATION (EIN 814166805) - 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

EDDY ZHENG

Phone

5105606228

Tax Period

2024-01-01 to 2024-12-31

NEW BREATH FOUNDATION, founded in 2016, is a community nonprofit in the Education sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $3.2M exceeded revenue, resulting in a 75% operating deficit.

Mission

NEW BREATH FOUNDATION PROVIDES PIVOTAL GRASSROOTS ORGANIZATIONS THE SUSTAINABLE RESOURCES THEY NEED TO GIVE NEW BEGINNINGS TO AANHPIS HARMED BY INCARCERATION, DEPORTATION, AND SYSTEMS OF VIOLENCE IN THE U.S.

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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 $1,736,172

Program Service Revenue $25

Investment Income $68,340

Other Revenue $440

TOTAL REVENUE $1,804,977

Expense Breakdown

Grants Paid $1,583,625

Salaries & Benefits $946,519

Fundraising Expenses $198,581

Program Expenses $2,664,226

Other Expenses $635,271

TOTAL EXPENSES $3,165,415

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,804,977	$4,388,649	-0.6%
Expenses	$3,165,415	$4,163,057	-0.2%
Net Income	$-1,360,438	$225,592	-7.0%

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

$221,265

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACHARY NIGHTINGALE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
JINA FREIBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
JONNY MOY	TREASURER	1.00	Officer Director	$0	$0	$0
EDDY ZHENG	PRESIDENT	40.00	Officer	$178,769	$42,496	$221,265
MCARTHUR HOANG	BOARD OF DIR	1.00	Director	$0	$0	$0
DANIEL LEE	BOARD OF DIR	1.00	Director	$0	$0	$0
ISABELLE LEIGHTON	BOARD OF DIR	1.00	Director	$0	$0	$0
AAKAR VACHHANI	BOARD OF DIR	1.00	Director	$0	$0	$0
SACHI YOSHII	BOARD OF DIR	1.00	Director	$0	$0	$0
LUIGI FU	BOARD OF DIR	1.00	Director	$0	$0	$0
KEITH WATTLEY	BOARD OF DIR	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
2024	$1,804,977	$3,165,415	$2,744,828	$-1,360,438
2023	$4,388,649	$4,163,057	$4,080,762	$225,592
2022	$3,607,970	$2,066,079	$3,845,458	$1,541,891
2021	$2,697,798	$1,086,820	$2,265,445	$1,610,978
2020	$454,348	$361,199	$698,469	$93,149
2019	$625,941	$277,744	$553,448	$348,197

NEW BREATH FOUNDATION