The New Horizons Foundation 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

1989

Legal Domicile

Phone

7192601213

Tax Period

2024-01-01 to 2024-12-31

The New Horizons Foundation Inc, founded in 1989, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $68.7M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17.9M, a strong 26% operating margin.

Mission

The Objective of the New Horizons Foundation is to help individuals accomplish their charitable objectives in religious, educational, scientific, benevolent and health related activities

Program Service Accomplishments

Program 1

Expenses: $48,381,370 Revenue: $0

HELP INDIVIDUALS ACCOMPLISH THEIR CHARITABLE OBJECTIVES IN RELIGIOUS, EDUCATIONAL, SCIENTIFIC, BENEVOLENT AND HEALTH RELATED ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $50,671,732

Program Service Revenue $0

Investment Income $17,724,210

Other Revenue $294,340

TOTAL REVENUE $68,690,282

Expense Breakdown

Grants Paid $28,197,115

Salaries & Benefits $1,755,267

Fundraising Expenses $0

Program Expenses $48,381,370

Other Expenses $20,836,195

TOTAL EXPENSES $50,788,577

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,690,282	$51,724,578	+0.3%
Expenses	$50,788,577	$49,085,153	+0.0%
Net Income	$17,901,705	$2,639,425	+5.8%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

950

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

$412,033

Total Directors

$233,556

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Prensner	CEO & President	40.0	Officer Director	$68,315	$86,734	$155,049
V William Moritz	VP & Executive Director	40.0	Officer Director	$67,108	$11,399	$78,507
Barbara Tompkins	Director	1.0	Director	$0	$0	$0
Dave Gresham	Director	1.0	Director	$0	$0	$0
DR Jerry E White	Director	1.0	Director	$0	$0	$0
Eric Danos	Director	1.0	Director	$0	$0	$0
Gail Jones	Director	1.0	Director	$0	$0	$0
Gary Daniel	Treasurer	1.0	Director	$0	$0	$0
Kirk Humphreys	Director	1.0	Director	$0	$0	$0
Lauren Libby	Board Chairman	1.0	Director	$0	$0	$0
Leisle Chung	Director	1.0	Director	$0	$0	$0
Mutua Mahiaini	Director	1.0	Director	$0	$0	$0
Ronald Halverson	Director	1.0	Director	$0	$0	$0
Todd Jensen	Director	1.0	Director	$0	$0	$0
Christopher Rosenhahn	CFO & Corporate Secretary	40.0	Officer	$145,127	$33,350	$178,477
Gregory Smith	Vice President of Outreach	40.0	Highest	$116,497	$32,297	$148,794

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	$68,690,282	$50,788,577	$116,268,654	$17,901,705
2023	$51,724,578	$49,085,153	$97,534,482	$2,639,425
2023	$51,185,720	$49,085,153	$104,430,423	$2,100,567
2022	$56,296,980	$40,799,043	$100,167,136	$15,497,937
2021	$42,722,124	$32,726,437	$90,565,468	$9,995,687
2020	$34,940,824	$26,576,947	$70,504,684	$8,363,877
2019	$35,573,301	$25,167,407	$64,891,160	$10,405,894
2018	$23,818,511	$20,933,271	$49,833,504	$2,885,240