NEW HORIZONS CENTER FOR LEARNING INC (EIN 880124435) - 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

1974

Legal Domicile

Principal Officer

KAREN BULL

Phone

7028807594

Tax Period

2023-07-01 to 2024-06-30

NEW HORIZONS CENTER FOR LEARNING INC, founded in 1974, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Expenses of $2.4M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO OPERATE A SCHOOL FOR CHILDREN WITH LEARNING DISABILITIES.

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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 $516,976

Program Service Revenue $1,482,142

Investment Income $23,208

Other Revenue $0

TOTAL REVENUE $2,022,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,807,483

Fundraising Expenses $0

Program Expenses $2,108,982

Other Expenses $585,843

TOTAL EXPENSES $2,393,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,022,326	$2,056,007	0.0%
Expenses	$2,393,326	$2,041,708	+0.2%
Net Income	$-371,000	$14,299	-26.9%

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

$132,357

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA K LOPEZ	SCHOOL PRINC	40.00	Officer	$60,242	$0	$60,242
GINA SFERRA	PRESCHOOL DI	40.00	Officer	$51,753	$8,130	$59,883
DEBBIE MAIELLA	ACCOUNTANT	40.00	Officer	$12,232	$0	$12,232
KAREN BULL	PRESIDENT	4.00	Officer Director	$0	$0	$0
BONI MORRETTI	SECRETARY	4.00	Officer Director	$0	$0	$0
MIKE GRIMMETT	TREASURER	4.00	Officer Director	$0	$0	$0
LANCE GABRIEL	MEMBER	4.00	Director	$0	$0	$0
ANDRE HAYNES	MEMBER	4.00	Director	$0	$0	$0
NEIL BELLER	MEMBER	4.00	Director	$0	$0	$0
PATTY AGUILAR	MEMBER	4.00	Director	$0	$0	$0
ROBERT TEUTON	MEMBER	4.00	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	No data	No data	No data	No data
2024	$2,022,326	$2,393,326	$2,847,146	$-371,000
2023	$2,056,007	$2,041,708	$3,585,956	$14,299
2022	$2,418,302	$1,916,636	$3,481,835	$501,666
2021	$2,756,320	$1,497,042	$2,927,263	$1,259,278
2020	$1,459,988	$1,588,257	$1,858,680	$-128,269
2019	$1,283,657	$1,408,644	$1,611,348	$-124,987

NEW HORIZONS CENTER FOR LEARNING INC