New Horizon Workshop Inc

EIN: 831514302 501(c)(3)

Arthur, IL

Total Revenue
$53,787
Total Expenses
$38,926
Total Assets
$79,209
Net Assets
$79,209
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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
IL
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.

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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 (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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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