NEW LEAF INC

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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

1969

Legal Domicile

Principal Officer

DARIN HAND

Phone

3606751989

Tax Period

2023-01-01 to 2023-12-31

NEW LEAF INC, founded in 1969, is a community nonprofit in the Employment sector that reported $8.3M in total revenue in fiscal year 2023. Expenses of $7.8M left a modest 7% surplus.

Mission

NEW LEAFS MISSION IS TO PROMOTE INDEPENDENCE AND QUALITY OF LIFE THROUGH EMPLOYEMENT. DURING 2020 NEW LEAF EMPLOYED APPROXIMATELY 96 INDIVIDUALS WITH SIGNIFICANT DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $2,014,716 Revenue: $3,413,928

JANITORIAL - PROVIDES EMPLOYEMENT AND LEARNING OPPORTUNITIES FOR PEOPLE WITH DISABILITIES IN JANITORIAL ACTIVITIES.

Program 2

Expenses: $1,723,116 Revenue: $0

VOCATIONAL REHABILITATION - PROVIDES COUNSELING AND TRAINING NECESSARY TO OBTAIN SKILLS AND APTITUDE TO BE EMPLOYABLE. IT AIDS IN TEACHING EMPLOYEES SKILLS OUTSIDE OF WORK SUCH AS BUDGETING, FINDING HOUSING, AND OTHER SOFT SKILLS THAT MAKE THEM SUCCESSFUL BOTH AT WORK AND IN THE COMMUNITY.

Program 3

Expenses: $710,266 Revenue: $1,257,069

GALLEY - PROVIDES FOOD ATTENDANT SERVICES AT THE ADMIRAL NIMITIZ GALLEY ON NAVAL AIR STATION WHIDBEY ISLAND.

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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 $8,238,138

Investment Income $37,933

Other Revenue $60,060

TOTAL REVENUE $8,336,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,807,335

Fundraising Expenses $32,013

Program Expenses $7,010,400

Other Expenses $1,965,647

TOTAL EXPENSES $7,772,982

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,336,131	$8,421,240	0.0%
Expenses	$7,772,982	$7,257,785	+0.1%
Net Income	$563,149	$1,163,455	-0.5%

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

178

Volunteers

N/A

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

$137,044

Total Directors

Key Employees

$265,009

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARIN HAND	PRESIDENT	8.00	Officer Director	$0	$0	$0
STEVEN JTALMADGE	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
EVETT MORGAN-MUELLER	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER WIEGENSTEIN	TREASURER	2.00	Officer Director	$0	$0	$0
DALLAS VAIL	DIRECTOR	1.00	Director	$0	$0	$0
LONDON COOK	DIRECTOR	1.00	Director	$0	$0	$0
STEVE JACOBS	EXECUTIVE DIRECTOR	40.00	Officer Key Emp	$137,044	$0	$137,044
GLEN KINCAID	DIRECTOR OF OPERATIONS	40.00	Key Emp	$127,965	$0	$127,965

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	No data	No data	No data	No data
2023	$8,336,131	$7,772,982	$14,014,297	$563,149
2022	$8,421,240	$7,257,785	$13,102,264	$1,163,455
2021	$8,110,821	$6,769,871	$12,132,924	$1,340,950
2020	$7,743,554	$6,442,841	$10,765,045	$1,300,713
2019	$7,669,674	$6,368,548	$9,566,956	$1,301,126
2018	$7,103,057	$6,082,923	$8,287,306	$1,020,134