Project New Day Foundation

EIN: 851571052 501(c)(3) Mental Health

Capitola, CA

Total Revenue
$600,000
Total Expenses
$257,854
Total Assets
$351,824
Net Assets
$351,824
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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
DE
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).

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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 (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

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Governance

Voting Members
2
Independent Members
2
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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