NEW ABILITY HEALTH CENTER INCORPORATED (EIN 831248519) - 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

2018

Legal Domicile

Principal Officer

K Chatman

Phone

2817886405

Tax Period

2024-01-01 to 2024-12-31

NEW ABILITY HEALTH CENTER INCORPORATED, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $317K in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 23% operating margin.

Mission

NAHC enhances the lives of people living in poverty by delivering high-quality mental health and physical healthcare, education, housing, and economic opportunities. We work to reduce disparities in insurance access, long-term housing, and critical resources-bringing every possible support to individuals with chronic disabilities. Our mission is to create transformational change and ensure that every person has the stability and care they deserve.

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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 $52,500

Program Service Revenue $264,372

Investment Income $0

Other Revenue $0

TOTAL REVENUE $316,872

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,486

Fundraising Expenses $0

Program Expenses $245,100

Other Expenses $188,614

TOTAL EXPENSES $245,100

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,872	$262,519	+0.2%
Expenses	$245,100	$262,519	-0.1%
Net Income	$71,772	$0	N/A

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KD Burist	Executive Director	30	Director	$0	$0	$0
JN Colston	Board Member	30	Director	$0	$0	$0
KV Chatman	Board Member	30	Officer	$0	$0	$0
Sean Wilson	Client Representation-Advisory Board	30	Key Emp	$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	$316,872	$245,100	$256,579	$71,772
2023	$262,519	$262,519	$185,378	No data
2022	$378,500	$311,699	$185,378	$66,801
2021	$204,282	$292,542	$19,479	$-88,260
2019	$452,786	$412,706	$71,872	$40,080

NEW ABILITY HEALTH CENTER INCORPORATED