New Way Counseling Service Inc

EIN: 815047560 501(c)(3) Mental Health

Palm Bay, FL

Total Revenue
$134,901
Total Expenses
$137,041
Total Assets
$12,050
Net Assets
$12,050
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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
2017
Legal Domicile
FL
Principal Officer
RAHILA BASHIR
Phone
3217201709
Tax Period
2021-01-01 to 2021-12-31

New Way Counseling Service Inc, founded in 2017, is a small nonprofit in the Mental Health sector that reported $135K in total revenue in fiscal year 2021. Revenue surged 92% from the prior year, signaling strong growth momentum.

Mission

Provide low and no cost mental health services

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $134,901
Investment Income $0
Other Revenue $0
TOTAL REVENUE $134,901

Expense Breakdown

Grants Paid $930
Salaries & Benefits $119,691
Fundraising Expenses $0
Program Expenses $115,842
Other Expenses $16,420
TOTAL EXPENSES $137,041

Year-over-Year Comparison

2021 2020 Change
Revenue $134,901 $70,274 +0.9%
Expenses $137,041 $59,415 +1.3%
Net Income $-2,140 $10,859 -1.2%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
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
2
$71,179
Total Directors
2
$71,179
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAHILA A BASHIR PresidentDirector 40.00
Officer Director
$71,179 $0 $71,179
SARAG SHAH Vice President 2.000
Officer 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
2021 $134,901 $137,041 $12,050 $-2,140
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