Project New Day Foundation

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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

2020

Legal Domicile

Principal Officer

Michael Sinyard

Phone

4088352413

Tax Period

2022-01-01 to 2022-12-31

Project New Day Foundation, founded in 2020, is a small nonprofit in the Mental Health sector that reported $600K in total revenue in fiscal year 2022. Revenue surged 565% from the prior year, signaling strong growth momentum. The organization ran a surplus of $342K, a strong 57% operating margin.

Mission

Supporting the research and treatment of drug and alcohol dependency and Post Traumatic Stress Disorder (PTSD).

Program Service Accomplishments

Program 1

Expenses: $251,175

Research and treatment of drug and alcohol dependency and Post Traumatic Stress Disorder (PTSD)

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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 (2022)

Revenue Breakdown

Contributions & Grants $600,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $600,000

Expense Breakdown

Grants Paid $140,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $251,175

Other Expenses $117,854

TOTAL EXPENSES $257,854

Year-over-Year Comparison

	2022	2021	Change
Revenue	$600,000	$90,166	+5.7%
Expenses	$257,854	$96,129	+1.7%
Net Income	$342,146	$-5,963	-58.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Sinyard	Chair/Sec/Treas	1.00	Officer Director	$0	$0	$0
Ben Capron	Director	1.00	Director	$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
2022	$600,000	$257,854	$351,824	$342,146