SANTA BARBARA NEW HOUSE

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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

STEVE OLSEN

Phone

8055636050

Tax Period

2023-01-01 to 2023-12-31

SANTA BARBARA NEW HOUSE, founded in 1974, is a community nonprofit in the Mental Health sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 4% surplus.

Mission

NEW HOUSE DEDICATES ITSELF TO PROVIDING A CLEAN AND SOBER, HEALTHY ENVIRONMENT THAT ALLOWS MEN WITH ALCOHOL AND OTHER DRUG PROBLEMS TO BEGIN THEIR JOURNEY OF RECOVERY AND TO RECLAIM THEIR DIGNITY, SELF-ESTEEM, AND SENSE OF PURPOSE. NEW HOUSE SERVED 324 MEN IN 2023

Program Service Accomplishments

Program 1

Expenses: $1,290,498 Revenue: $862,193

New House served 324 men in 2023. We are a 12 Step social model sober living founded in 1955 that serves 97 men at any given time in 3 facilities for in Santa Barbara, California. New House dedicates itself to providing a clean and sober, healthy environment that allows men with alcohol and drug problems to begin their journey of recovery and to reclaim their dignity, self-esteem and sense of purpose. New House welcomes referrals from detox, treatment, outpatient and residential counseling treatment, the courts, law enforcement and many other organizations involved in recovery. Websitewww.sbnewhouse.org

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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 $608,369

Program Service Revenue $862,193

Investment Income $26,391

Other Revenue $-17,031

TOTAL REVENUE $1,479,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $567,210

Fundraising Expenses $23,485

Program Expenses $1,290,498

Other Expenses $853,521

TOTAL EXPENSES $1,420,731

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,479,922	$1,181,573	+0.3%
Expenses	$1,420,731	$1,110,515	+0.3%
Net Income	$59,191	$71,058	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM J BURRIDGE	EXECUTIVE DIRECTOR	40.00		$94,954	$0	$94,954
DEBORAH TALMAGE	Director	1.50	Director	$0	$0	$0
DAVID DYNE	Director	0.33	Director	$0	$0	$0
THOMAS NIESSEN	Director	0.33	Director	$0	$0	$0
PENNY JENKINS	Director	0.33	Director	$0	$0	$0
DAVID HALL	Director	0.33	Director	$0	$0	$0
EDUARDO CUE	Director	0.33	Director	$0	$0	$0
WILLIAM PARRIS	Director	0.33	Director	$0	$0	$0
JEFF DAUGHERTY	President	1.50	Officer	$0	$0	$0
STEPHANIE MOLINA	Secretary	1.50	Officer	$0	$0	$0
STEVE OLSEN	Treasurer	1.50	Officer	$0	$0	$0
DAVID VARTABEDIAN	Vice President	1.50	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	No data	No data	No data	No data
2023	$1,479,922	$1,420,731	$2,207,270	$59,191
2022	$1,181,573	$1,110,515	$2,280,752	$71,058
2021	$1,051,800	$1,094,241	$2,371,148	$-42,441
2020	$1,031,600	$1,097,500	$2,313,927	$-65,900
2019	$1,113,616	$1,086,878	$2,323,350	$26,738
2018	$1,172,865	$1,046,147	$2,243,650	$126,718