New Connections of Kalamazoo (EIN 843722798) - 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

Principal Officer

Dr Maryann Lavender

Phone

2693413195

Tax Period

2023-07-01 to 2024-06-30

New Connections of Kalamazoo is a community nonprofit in the Employment sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $911K, a strong 45% operating margin.

Mission

To Equip Participants with life skills and training that will allow them to work while pursuing further education

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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 $2,013,718

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,013,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $788,297

Fundraising Expenses $0

Program Expenses $1,047,541

Other Expenses $314,376

TOTAL EXPENSES $1,102,673

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,013,718	$2,276,834	-0.1%
Expenses	$1,102,673	N/A	N/A
Net Income	$911,045	$2,276,834	-0.6%

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

N/A

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

$163,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Maryann Lavender	President & CEO	40.00	Officer	$90,385	$0	$90,385
James H Lighthizer	Treasurer	40.00	Officer	$72,692	$0	$72,692
John Phillips	Director	1.00	Director	$0	$0	$0
Cassie Watts	Secretary	2.00	Officer	$0	$0	$0
Yolanda Lavender	Vice President	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	$2,013,718	$1,102,673	$4,505,941	$911,045
2023	$2,276,834	No data	$2,276,834	No data
2022	$500,000	$68,145	$431,856	$431,855

New Connections of Kalamazoo