NEW MARKET OPPORTUNITY FUND INC

EIN: 851982223 501(c)(3) Community Improvement

SYRACUSE, IN

Total Revenue
$1,268,632
Total Expenses
N/A
Total Assets
$1,554,365
Net Assets
$1,554,365
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
IN
Principal Officer
FRANK A HOFFMAN
Phone
3179894070
Tax Period
2023-01-01 to 2023-12-31

NEW MARKET OPPORTUNITY FUND INC, founded in 2019, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 346% from the prior year, signaling strong growth momentum.

Mission

The Corporation is a public benefit corporation that is organized and operated exclusively to benefit perform and carry out the charitable educational and other exempt purposes of the Enfocus Inc. an Indiana nonprofit corporation Enfocus Association of Indiana Enterprise Zones Inc. an Indiana nonprofit corporation and its members collectively referred to as AIEZ and any other supported organizations to be added by the Corporation from time to time by amendment to the Articles collectively referred to as the Supported Organizations as such purposes are described in Sections 170c2B 501c3 2055a2 and 2522a2 of the Internal Revenue Code of 1986 as amended or corresponding provisions of any subsequent federal tax laws the Code and set forth in the Articles of Incorporation of the Supported Organizations which include or contemplated those purposes set forth in Schedule O: SEE SCHEDULE O.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,268,632
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,268,632

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue $1,268,632 $284,611 +3.5%
Expenses N/A N/A N/A
Net Income N/A $284,611 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
13
$208,560
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dennis Carson GOVERNING BOARD DIRECTOR 0.25
Director
$0 $0 $0
S Joe DeHaven GOVERNING BOARD DIRECTOR 0.25
Director
$0 $0 $208,560
Frank Hoffman SECRETARY TREASURER 1.00
Officer
$0 $0 $0
Andrew Wiand PRESIDENT GOVERNING BOARD DIRECTOR 0.25
Officer Director
$0 $0 $0
TERRI CZAJKA ADVISORY BOARD MEMBER 0.25
Director
$0 $0 $0
PETER GILES ADVISORY BOARD MEMBER 0.25
Director
$0 $0 $0
JOBI GOLDEN ADVISORY BOARD MEMBER 0.25
Director
$0 $0 $0
ALAN JONES ADVISORY BOARD MEMBER 0.25
Director
$0 $0 $0
PAMELA MEMBER ADVISORY BOARD MEMBER 0.25
Director
$0 $0 $0
JOHN MURPHY ADVISORY BOARD MEMBER 0.25
Director
$0 $0 $0
CHAD PITTMAN ADVISORY BOARD MEMBER 0.25
Director
$0 $0 $0
BARBARA QUANDT ADVISORY BOARD MEMBER 0.25
Director
$0 $0 $0
JUDITH THOMAS ADVISORY BOARD MEMBER 0.25
Director
$0 $0 $0
CHAD ZAUCHA ADVISORY BOARD MEMBER 0.25
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
2024 No data No data No data No data
2023 $1,268,632 No data $1,554,365 No data
2022 $284,611 No data $285,733 No data
Explore More Nonprofits
Top 100 Nonprofits in Indiana Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare NEW MARKET OPPORTUNITY FUND INC with other nonprofits in Indiana and across the country.