NEW HORIZON SCHOOL (EIN 911673487) - 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

1995

Legal Domicile

Principal Officer

PATRICIA ANDERSON

Phone

4252263717

Tax Period

2023-08-01 to 2024-07-31

NEW HORIZON SCHOOL, founded in 1995, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE A SUCCESSFUL LEARNING ENVIRONMENT FOR STUDENTS WITH LEARNING DISABILITIES, ATTENTION DEFICITS, AND OTHER LEARNING DIFFERENCES. IT OFFERS A WIDE RANGE OF ACADEMIC PROGRAMS AND EXTRACURRICULAR ACTIVITIES WITH ACCOMMODATIONS TO MEET THE NEEDS OF ITS LEARNERS. THE SCHOOL SERVES STUDENTS IN GRADES 4-12 FROM A GEOGRAPHICAL REGION RANGING FROM ISSAQUAH, TO EVERETT, TO BAINBRIDGE ISLAND, TO TACOMA, AND EVERYWHERE IN BETWEEN.

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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 $89,180

Program Service Revenue $1,520,901

Investment Income $338

Other Revenue $5,252

TOTAL REVENUE $1,615,671

Expense Breakdown

Grants Paid $74,846

Salaries & Benefits $1,143,438

Fundraising Expenses $0

Program Expenses $1,200,250

Other Expenses $377,466

TOTAL EXPENSES $1,595,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,615,671	$1,516,371	+0.1%
Expenses	$1,595,750	$1,547,109	+0.0%
Net Income	$19,921	$-30,738	-1.6%

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

$205,197

Total Directors

$148,708

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLA VELIZ	CEO	40.00	Officer	$122,470	$0	$122,470
TIM ROBNETT	SECRETARY	40.00	Officer Director	$70,017	$12,710	$82,727
TIMM HINES	DIRECTOR	40.00	Director	$65,981	$0	$65,981
PATRICIA ANDERSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEN PACK	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARLIN CHAN	TREASURER	1.00	Officer Director	$0	$0	$0
VICTORIA BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
TARYN HUDGENS	DIRECTOR	1.00	Director	$0	$0	$0
ANITRA SHELTON-QUINN	DIRECTOR	1.00	Director	$0	$0	$0
MARK SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
KIM-KHANH VAN	DIECTOR	1.00	Director	$0	$0	$0
GOLAM M MORSHED	TREASURER	1.00	Officer Director	$0	$0	$0
TARA GORDON	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL LANDSTROM	DIRECTOR	1.00	Director	$0	$0	$0
CHEEKA HUNT	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTIE JONES	DIRECTOR	1.00	Director	$0	$0	$0
GABE JONES	DIRECTOR	1.00	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
2024	$1,615,671	$1,595,750	$1,582,251	$19,921
2023	$1,516,371	$1,547,109	$1,683,795	$-30,738
2022	$1,540,778	$1,663,490	$1,666,628	$-122,712
2021	$1,404,430	$1,467,037	$1,788,559	$-62,607
2020	$1,390,488	$1,381,377	$1,787,532	$9,111
2019	$1,323,405	$1,433,755	$1,728,827	$-110,350
2018	$1,383,611	$1,337,949	$1,801,049	$45,662

NEW HORIZON SCHOOL