NEW NEARLY NEW INC (EIN 852830817) - 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

Formation Year

2020

Legal Domicile

Principal Officer

STACEY MCCORISON

Phone

9197484444

Tax Period

2025-01-01 to 2025-12-31

NEW NEARLY NEW INC, founded in 2020, is a small nonprofit in the Human Services sector that reported $957K in total revenue in fiscal year 2025.

Mission

NEW NEARLY NEW WELCOMES YOUR DONATIONS OF CLOTHING, AND OTHER ITEMS SUCH AS HOUSEHOLD GOODS, JEWELRY AND FURNITURE. OUR GOAL IS TO GIVE FREE CLOTHING AND OTHER ITEMS TO PEOPLE IN NEED IN THE DURHAM COMMUNITY AND NORTH CAROLINA COMMUNITY. TO SUPPORT OUR ENDEAVOR, WE WILL SELL A PORTION OF THE DONATED ITEMS IN OUR THRIFT STORE. OUR INTENTION IS TO GIVE AWAY AT LEAST ONE ITEM FOR EVERY ITEM SOLD. WE WILL RELY ON PARTNER ORGANIZATIONS WHO IDENTIFY AND WORK WITH THOSE IN NEED IN OUR COMMUNITY TO DISTRIBUTE OUR ITEMS FOR FREE. WE ALSO WELCOME YOUR CASH AND IN KIND DONATIONS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $90,900

Program Service Revenue $866,035

Investment Income $0

Other Revenue $0

TOTAL REVENUE $956,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,057

Fundraising Expenses $0

Program Expenses $911,365

Other Expenses $332,186

TOTAL EXPENSES $977,243

Year-over-Year Comparison

	2025	2024	Change
Revenue	$956,935	$898,285	+0.1%
Expenses	$977,243	$864,596	+0.1%
Net Income	$-20,308	$33,689	-1.6%

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

Employees

Volunteers

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

$93,162

Total Directors

$93,162

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA G CLARK	SECRETARY / STORE MANAGER	40.00	Officer Director	$81,900	$11,262	$93,162
W LOWRY CAUDILL	CHAIR	15.00	Officer Director	$0	$0	$0
CHARLES E BOATRIGHT	VICE CHAIR	5.00	Officer Director	$0	$0	$0
STACEY R MCCORISON	TREASURER	10.00	Officer 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
2025	$956,935	$977,243	$122,717	$-20,308
2024	$898,285	$864,596	$143,025	$33,689
2023	$722,061	$705,289	$109,336	$16,772
2022	$560,862	$579,293	$92,564	$-18,431
2021	$540,588	$496,825	$110,995	$43,763

NEW NEARLY NEW INC