Knoxville, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)New Direction Healthcare Solutions, founded in 2021, is a small nonprofit in the Health Care sector that reported $448K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $597K exceeded revenue, resulting in a 33% operating deficit.
To Provide Healthcare Service and other necessary support services to the East Tennesse Region
New Direction primary program focus is vaccines and testing for the COVID-19 pandemic crisis. Mission has been expanded to include other healthcare services to gain access to proper health care...
New Direction primary program focus is vaccines and testing for the COVID-19 pandemic crisis. Mission has been expanded to include other healthcare services to gain access to proper health care, activities of daily living (ADL) and other resources to live a safe and productive life. Additional support services were added in response to Hurricane Helene in the fall of 2024.
New Direction provides outreach and other services, miscellaneous expenses to support operations
New Directions Facilitates a weekly conference call via Zoom to educate the faith community as well as the community at large on the safety measures against the COVID-19 virus. New Direction in...
New Directions Facilitates a weekly conference call via Zoom to educate the faith community as well as the community at large on the safety measures against the COVID-19 virus. New Direction in coordinated effort with CONNECT Ministries provides outreach and other services,to help gain access to healthcate, activities of daily living (ADL) and resources to live a safe and productive life.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $448,085 | $629,335 | -0.3% |
| Expenses | $597,065 | $488,105 | +0.2% |
| Net Income | $-148,980 | $141,230 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Cynthia Finch | Executive Director | 60.00 |
Officer
|
$0 | $0 | $0 |
| John W Jowers | Treasurer | 15.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $448,085 | $597,065 | $116,646 | $-148,980 |
| 2023 | $629,335 | $488,105 | $255,039 | $141,230 |
| 2022 | $425,190 | $375,683 | $112,819 | $49,507 |
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