New Direction Healthcare Solutions

EIN: 863439633 501(c)(3) Health Care

Knoxville, TN

Total Revenue
$448,085
Total Expenses
$597,065
Total Assets
$116,646
Net Assets
$87,969
🔒

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
2021
Legal Domicile
TN
Phone
8652544793
Tax Period
2024-01-01 to 2024-12-31

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.

Mission

To Provide Healthcare Service and other necessary support services to the East Tennesse Region

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $57,800
Program Service Revenue $390,285
Investment Income $0
Other Revenue $0
TOTAL REVENUE $448,085

Expense Breakdown

Grants Paid $0
Salaries & Benefits $321,861
Fundraising Expenses $0
Program Expenses $597,065
Other Expenses $275,204
TOTAL EXPENSES $597,065

Year-over-Year Comparison

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%
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
4
Independent Members
4
Employees
17
Volunteers
2

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 $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
Explore More Nonprofits
→Top 100 Nonprofits in Tennessee →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare New Direction Healthcare Solutions with other nonprofits in Tennessee and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.