NEW BEGINNINGS FOR FAMILIES 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

2018

Legal Domicile

Principal Officer

LEANNE MELTO

Phone

5088971230

Tax Period

2023-07-01 to 2024-06-30

NEW BEGINNINGS FOR FAMILIES INC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $148K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $287K exceeded revenue, resulting in a 93% operating deficit.

Mission

NBFI IS DEDICATED TO ASSISTING FAMILIES AND THOSE IN NEED OF SHELTER OR HOUSING AND TO PROVIDE SERVICES TO THOSE IN NEED.

Program Service Accomplishments

Program 1

Expenses: $286,718 Revenue: $148,498

NBFI IS DEDICATED TO ASSISTING FAMILIES AND THOSE IN NEED OF SHELTER OR HOUSING AND TO PROVIDE SERVICES TO THOSE IN NEED.

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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 $0

Program Service Revenue $148,498

Investment Income $0

Other Revenue $0

TOTAL REVENUE $148,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $286,718

Other Expenses $286,718

TOTAL EXPENSES $286,718

Year-over-Year Comparison

	2023	2022	Change
Revenue	$148,498	$100,000	+0.5%
Expenses	$286,718	$242,415	+0.2%
Net Income	$-138,220	$-142,415	0.0%

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

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

$991,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM PAYNE	PRESIDENT	1.00	Officer Director	$0	$0	$0
GERRY NADEAU	TREASURER	1.00	Officer Director	$0	$0	$0
ELI FLORENCE	CLERK	1.00	Officer Director	$0	$0	$0
STEVE PIKE	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS THIBEAULT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BURKE ESQ	DIRECTOR	1.00	Director	$0	$0	$0
DONNA DESMOND	EXECUTIVE VP, CFO	0.50	Officer	$0	$27,496	$287,671
KENNETH KLIER	EXECUTIVE VP, COO	0.50	Officer	$0	$30,433	$325,048
CHARLES CLIFFORD	PRESIDENT, CEO	0.50	Officer	$0	$31,731	$378,281
VINCENT MARTURANO	FORMER PRESIDENT, CEO	0.00		$0	$8,803	$320,865

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
2025	No data	No data	No data	No data
2024	$148,498	$286,718	$1,227,985	$-138,220
2023	$100,000	$242,415	$1,273,389	$-142,415
2022	$184,996	$249,508	$1,348,270	$-64,512
2021	$204,996	$235,383	$1,393,902	$-30,387
2020	$200,000	$237,554	$1,432,433	$-37,554
2019	$134,560	$170,909	$1,498,986	$-36,349