New Horizon Care Centers 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

1980

Legal Domicile

Principal Officer

Fariba Nikdel

Phone

5066241244

Tax Period

2024-07-01 to 2025-06-30

New Horizon Care Centers Inc, founded in 1980, is a mid-sized nonprofit in the Mental Health sector that reported $15.6M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.7M, a strong 23% operating margin.

Mission

New Horizon Care Center is a non-profit treatment facility for inpatient and outpatient services, including: drugs, alcohol, and gambling. The organization's mission is to honor the dignity of all persons and provide tailored, nurturing care to those suffering from substance abuse, violence, homelessness or mental illness.

Program Service Accomplishments

Program 1

Expenses: $10,657,380 Revenue: $15,336,723

New Horizon Care Centers (NHCC) is a multi-faceted behavioral health service provider caring for individuals suffering from substance use disorders, mental health conditions, and gambling addiction. Utilizing a variety of treatment settings and therapeutic approaches, NHCC offers a residential program for pregnant and parenting women (PPW) which includes an integrated therapeutic childcare component; a residential treatment program for adult males with substance use disorders; two outpatient programs delivering individual and group therapy for an array of circumstances ranging from the legally-involved to those with co-occurring disorders;(Continued on Schedule O)as well as a parent-child assistance program (PCAP) in partnership with the University of Washington, which avails long-term home visitation case management to pregnant and parenting women in early recovery.

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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 (2024)

Revenue Breakdown

Contributions & Grants $51,609

Program Service Revenue $15,336,723

Investment Income $232,551

Other Revenue $0

TOTAL REVENUE $15,620,883

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,754,840

Fundraising Expenses $0

Program Expenses $10,657,380

Other Expenses $3,205,023

TOTAL EXPENSES $11,959,863

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,620,883	$11,996,528	+0.3%
Expenses	$11,959,863	$10,058,089	+0.2%
Net Income	$3,661,020	$1,938,439	+0.9%

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

125

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

$229,582

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise Balston	President	0.30	Officer Director	$0	$0	$0
Ryan Golden	Vice President	0.30	Officer Director	$0	$0	$0
Umar Faroog	Treasurer	0.30	Officer Director	$0	$0	$0
Vicky Sneed	Secretary	0.30	Officer Director	$0	$0	$0
Wendy Bretz	Board Member	0.30	Director	$0	$0	$0
Lisa Bjorklund	Board Member (From 09/2024)	0.30	Director	$0	$0	$0
Fariba Nikdel	Executive Director	40.00	Officer	$188,120	$41,462	$229,582
Leslie Fifer	ARNP, Medical Director	40.00	Highest	$140,064	$662	$140,726
Alice Buckles	Outpatient Administrator	40.00	Highest	$143,414	$662	$144,076

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	$15,620,883	$11,959,863	$15,971,779	$3,661,020
2024	$11,996,528	$10,058,089	$12,434,529	$1,938,439
2023	$10,048,858	$10,051,195	$10,139,751	$-2,337
2022	$10,091,012	$8,596,459	$10,819,339	$1,494,553
2021	$8,529,472	$6,954,526	$9,308,637	$1,574,946
2020	$8,369,262	$6,553,415	$7,418,858	$1,815,847
2019	$7,755,573	$6,234,453	$4,794,198	$1,521,120
2018	$6,214,035	$5,803,211	$3,166,698	$410,824