NEW HEIGHTS ACADEMY INC

EIN: 833105110 501(c)(3)

Alpharetta, GA

Total Revenue
$995,783
Total Expenses
$967,721
Total Assets
$1,215,463
Net Assets
$105,765
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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
GA
Principal Officer
VIVIAN GESUALDI
Phone
7709124149
Tax Period
2023-08-01 to 2024-07-31

NEW HEIGHTS ACADEMY INC, founded in 2019, is a small nonprofit that reported $996K in total revenue in fiscal year 2023. Revenue surged 95% from the prior year, signaling strong growth momentum.

Mission

| Explanation:| At New Heights Academy we measure success by the accumulation of small gains repeated daily. These small gains improve the quality of life of our students and their families. By developing essential skills knowledge and work experience in a safe environment our students will be granted the opportunity to reach their highest potential socially emotionally and academically. We aspire for all our students to have a sense of belonging in mainstream education and community environments.

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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 $9,430
Program Service Revenue $986,353
Investment Income $0
Other Revenue $0
TOTAL REVENUE $995,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $600,500
Fundraising Expenses $0
Program Expenses $967,721
Other Expenses $367,221
TOTAL EXPENSES $967,721

Year-over-Year Comparison

2023 2022 Change
Revenue $995,783 $511,959 +0.9%
Expenses $967,721 $476,048 +1.0%
Net Income $28,062 $35,911 -0.2%
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
2
Employees
14
Volunteers
3

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
2
$106,731
Total Directors
2
$106,731
Key Employees
2
$106,731
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Vivian Gesualdi Executive Director Head of School 65.00
Officer Director Key Emp Highest
$79,231 $0 $79,231
Louis Gesualdi CFO Treasurer 50.00
Officer Director Key Emp
$27,500 $0 $27,500
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 $995,783 $967,721 $1,215,463 $28,062
2023 $511,959 $476,048 $992,450 $35,911
2022 $283,812 $262,250 $514,207 $21,562
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