NEW WAY ACADEMY

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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

1986

Legal Domicile

Principal Officer

LAURA KEATHLEY

Phone

6023898600

Tax Period

2024-07-01 to 2025-06-30

NEW WAY ACADEMY, founded in 1986, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2024. Expenses of $7.4M left a modest 10% surplus.

Mission

THE MISSION OF NEW WAY ACADEMY IS TO EDUCATE CHILDREN WITH LEARNING DIFFERENCES TO FULFILL THEIR POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $6,233,970 Revenue: $7,375,497

EDUCATION OF CHILDREN WITH LEARNING DIFFERENCES IN KINDERGARTEN THROUGH HIGH SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $642,227

Program Service Revenue $7,375,497

Investment Income $244,287

Other Revenue $-12,437

TOTAL REVENUE $8,249,574

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,104,380

Fundraising Expenses $206,789

Program Expenses $6,233,970

Other Expenses $2,340,685

TOTAL EXPENSES $7,445,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,249,574	$7,827,913	+0.1%
Expenses	$7,445,065	$7,625,505	0.0%
Net Income	$804,509	$202,408	+3.0%

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

130

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

$333,206

Total Directors

$265,198

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE CHAVEZ	HEAD OF SCHOOL	40.00	Officer Director	$124,814	$12,159	$136,973
LAURA KEATHLEY	Executive Dir.	40.00	Officer Director	$120,141	$8,084	$128,225
JILL FACON	Secretary	40.00	Officer	$59,278	$8,730	$68,008
CYNTHIA BOWERS	Director	1.00	Director	$0	$0	$0
KARA C WILLIAMS	Director	2.00	Director	$0	$0	$0
BRETT BERNSTEIN	Treasurer	2.00	Officer Director	$0	$0	$0
DEBORAH CONTI	Vice Chairperso	2.00	Officer Director	$0	$0	$0
BRIAN NELSON	Director	1.00	Director	$0	$0	$0
ALEX MAREK	Director	1.00	Director	$0	$0	$0
JONAH JOFFE	Director	1.00	Director	$0	$0	$0
LEA PHILLIPS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
KARLA REYNOLDS	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
2025	$8,249,574	$7,445,065	$12,636,589	$804,509
2024	$7,827,913	$7,625,505	$10,978,895	$202,408
2023	$7,370,618	$7,211,319	$7,138,040	$159,299
2022	$7,067,790	$7,425,595	$6,706,350	$-357,805
2021	$8,782,802	$7,302,404	$6,840,428	$1,480,398
2020	$7,373,945	$7,032,513	$6,964,229	$341,432
2019	$7,169,034	$6,844,113	$5,418,008	$324,921
2018	$7,167,474	$6,455,656	$5,284,246	$711,818