One Achord Guitar Lessons Inc dba New Horizons Counseling (EIN 990354544) - 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

2001

Legal Domicile

Phone

8084841000

Tax Period

2023-01-01 to 2023-12-31

One Achord Guitar Lessons Inc dba New Horizons Counseling, founded in 2001, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $64K in total revenue in fiscal year 2023. Expenses of $57K left a modest 12% surplus.

Mission

The organization provides counseling from one on one formats to intensive programs for larger groups.

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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 $20,246

Program Service Revenue $42,767

Investment Income $0

Other Revenue $1,241

TOTAL REVENUE $64,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,130

Fundraising Expenses $0

Program Expenses $49,047

Other Expenses $24,697

TOTAL EXPENSES $56,827

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,254	$65,154	0.0%
Expenses	$56,827	$73,340	-0.2%
Net Income	$7,427	$-8,186	-1.9%

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

$32,130

Total Directors

$32,130

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Turansky	President	40.00	Officer Director	$0	$32,130	$32,130
Val Horne	Secy/Treas	5.00	Officer Director	$0	$0	$0
Jeff Bergemann	Director	1.00	Director	$0	$0	$0
Toby Smith	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	No data	No data	No data	No data
2023	$64,254	$56,827	$5,425	$7,427
2022	$65,154	$73,340	$193	$-8,186
2021	$76,206	$94,231	$12,793	$-18,025
2020	$63,864	$105,457	$11,734	$-41,593
2019	$77,953	$81,359	$1,727	$-3,406
2018	$98,168	$95,923	$6,448	$2,245

One Achord Guitar Lessons Inc dba New Horizons Counseling