NEW GENERATION ACADEMY (EIN 861161168) - 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

2006

Legal Domicile

Principal Officer

Frank Johnson

Phone

6784294204

Tax Period

2023-08-01 to 2024-07-31

NEW GENERATION ACADEMY, founded in 2006, is a small nonprofit in the Education sector that reported $980K in total revenue in fiscal year 2023. Revenue surged 271% from the prior year, signaling strong growth momentum. The organization ran a surplus of $282K, a strong 29% operating margin.

Mission

New Generation Academy's mission is to provide all students with quality academic assistance and opportunities in an educationally enriched environment. We accomplished this by providing educational classes (coop), mentoring and student support services such as tutoring and academic coaching.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $980,238

Investment Income $0

Other Revenue $0

TOTAL REVENUE $980,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $610,210

Fundraising Expenses $0

Program Expenses $698,115

Other Expenses $87,905

TOTAL EXPENSES $698,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$980,238	$264,442	+2.7%
Expenses	$698,115	$237,237	+1.9%
Net Income	$282,123	$27,205	+9.4%

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

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

$114,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Frank Johnson	Executive Director	60	Key Emp Highest	$75,000	$0	$75,000
Barbara Johnson	Director	25	Key Emp	$39,000	$0	$39,000
Sheila Reeves	Treasurer	10	Officer	$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	$980,238	$698,115	$369,138	$282,123
2023	$264,442	$237,237	$83,306	$27,205
2022	$177,108	$209,373	$64,676	$-32,265
2021	$226,667	$148,055	$95,224	$78,612

NEW GENERATION ACADEMY