NEW LONDON COUNSELING CENTER (EIN 832796221) - 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

2019

Legal Domicile

Principal Officer

KATIE BOWMAN

Phone

4847463112

Tax Period

2023-01-01 to 2023-12-31

NEW LONDON COUNSELING CENTER, founded in 2019, is a small nonprofit in the Mental Health sector that reported $617K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $550K left a modest 11% surplus.

Mission

Offering quality emotional, physical and spiritual well being by offering high quality, professional therabpy and counseling to individuals and families in our community regardless of their ability to pay.

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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 $216,407

Program Service Revenue $400,568

Investment Income $113

Other Revenue $0

TOTAL REVENUE $617,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,366

Fundraising Expenses $43,520

Program Expenses $393,645

Other Expenses $371,452

TOTAL EXPENSES $549,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$617,088	$569,668	+0.1%
Expenses	$549,818	$324,921	+0.7%
Net Income	$67,270	$244,747	-0.7%

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

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

$105,748

Total Directors

$105,748

Key Employees

$43,840

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Katie Bowman	Executive Director	20.00	Officer Director Highest	$105,748	$0	$105,748
Michelle Sapp	Administrator	30.00	Key Emp	$43,840	$0	$43,840
Lisa Owen	Secretary	1.00	Officer Director	$0	$0	$0
William Hosletter	Chair	1.00	Officer Director	$0	$0	$0
Michael Woodin	Treasurer	1.00	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	$617,088	$549,818	$610,480	$67,270
2022	$569,668	$324,921	$615,484	$244,747
2021	$319,732	$238,597	$107,449	$81,135
2020	$216,234	$188,843	$19,040	$27,391

NEW LONDON COUNSELING CENTER