New Horizon Workshop Inc

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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

2022

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

New Horizon Workshop Inc, founded in 2022, is a micro nonprofit that reported $54K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15K, a strong 28% operating margin.

Mission

Assist Disabled People, those with physical and mental handicaps, by providing light duty work opportunities with oversight and assistance.

Program Service Accomplishments

Program 1

Expenses: $38,926 Revenue: $31,603

Assist Disabled People, those with physical and mental handicaps, by providing light duty work opportunities with oversight and assistance.

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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 $20,540

Program Service Revenue $0

Investment Income $2,184

Other Revenue $31,063

TOTAL REVENUE $53,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $38,926

Other Expenses $38,926

TOTAL EXPENSES $38,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,787	$132,638	-0.6%
Expenses	$38,926	$68,290	-0.4%
Net Income	$14,861	$64,348	-0.8%

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

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
Melvin O Helmuth	Secretary	6.00	Officer	$0	$0	$0
Glenn Yoder	Treasurer	6.00	Officer	$0	$0	$0
Glen R Herschberger	Chairman	6.00	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	$53,787	$38,926	$79,209	$14,861
2023	$132,638	$68,290	$64,348	$64,348