NEW LEAF NATIONAL TRUST (EIN 830614420) - 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

2019

Legal Domicile

Principal Officer

GARY NEAD

Phone

3178418795

Tax Period

2024-01-01 to 2024-12-31

NEW LEAF NATIONAL TRUST, founded in 2019, is a small nonprofit in the Health Care sector that reported $392K in total revenue in fiscal year 2024. Expenses of $697K exceeded revenue, resulting in a 78% operating deficit.

Mission

TO PROVIDE MEDICAID, SSI AND OTHER MEANS-TESTED BENEFITS RECIPIENTS WHO HAVE BEEN INJURED IN A PERSONAL INJURY, MEDICAL MALPRACTICE, CLASS ACTION, OR OTHER LAWSUITS WITH THE FINEST, MOST COMPASSIONATE AND FASTEST SERVICE AVAILABLE FROM A POOLED SPECIAL NEEDS TRUST-AND TO DO SO WITH THE UTMOST OF COMPETENCE, LEGAL EXPERTISE, AND UNDERSTANDING.

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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 $391,654

Investment Income $0

Other Revenue $0

TOTAL REVENUE $391,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,221

Fundraising Expenses $0

Program Expenses $692,513

Other Expenses $492,014

TOTAL EXPENSES $697,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,654	$371,685	+0.1%
Expenses	$697,235	$616,437	+0.1%
Net Income	$-305,581	$-244,752	+0.2%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT RAYMOND	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY L BINKLEY	DIRECTOR	1.00	Director	$0	$0	$0
KENN BARBEE	DIRECTOR	40.00	Director	$0	$0	$0
MICHAEL SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
LARRY CAGLE	PRESIDENT	1.00	Officer	$0	$0	$0
KIRK LEBLANC	VICE PRESIDENT	1.00	Officer	$0	$0	$0
SUSAN HARGROVE	SECRETARY	1.00	Officer	$0	$0	$0
GARY NEAD	TREASURER	2.00	Officer	$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	$391,654	$697,235	$16,709,185	$-305,581
2023	$371,685	$616,437	$17,201,640	$-244,752
2022	$169,838	$564,682	$14,326,152	$-394,844
2021	$276,399	$582,001	$18,253,406	$-305,602
2020	$204,158	$374,647	$11,246,897	$-170,489

NEW LEAF NATIONAL TRUST