NEW BEGINNINGS RECOVERY INC

EIN: 832667234 501(c)(3) Mental Health

Talladega, AL

Total Revenue
$551,725
Total Expenses
$430,146
Total Assets
$530,377
Net Assets
$338,801
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
AL
Tax Period
2023-01-01 to 2023-12-31

NEW BEGINNINGS RECOVERY INC, founded in 2019, is a small nonprofit in the Mental Health sector that reported $483K in total revenue in fiscal year 2019. Expenses of $430K left a modest 11% surplus.

Mission

SUBSTANCE ABUSE RECOVERY PROGRAM

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $551,725
Investment Income $0
Other Revenue $0
TOTAL REVENUE $551,725

Expense Breakdown

Grants Paid $0
Salaries & Benefits $41,225
Fundraising Expenses $0
Program Expenses $406,514
Other Expenses $388,921
TOTAL EXPENSES $430,146

Year-over-Year Comparison

2023 2022 Change
Revenue $551,725 $513,231 +0.1%
Expenses $430,146 $510,869 -0.2%
Net Income $121,579 $2,362 +50.5%
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

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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
TRAVIS WHALEY SECRETARY 10.00
Officer
$0 $0 $0
PRESTON SMITH VICE PRESIDENTTREASURER 10.00
Officer
$0 $0 $0
JOEY B SMITH DIRECTORPRESIDENT 20.00
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 No data No data No data No data
2023 $551,725 $430,146 $530,377 $121,579
2022 $513,231 $510,869 $91,546 $2,362
2021 $422,718 $395,613 $89,184 $27,105
2020 $329,706 $320,935 $62,079 $8,771
2019 $483,318 $430,010 No data $53,308
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