New Found Family Inc

Nonprofit profile at a glance

EIN
262171977
IRS 990-EZ coverage
2020–2023
Forms available
Form 990-EZ 2023, Form 990-N 2018
Location
Pinellas Park, FL, USA
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alcohol, Drug Abuse, Treatment Only

Reported finances

Revenue
$68,651
Expenses
$67,932
Assets
$40,858

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Jonathan Farris (President CFO)

People named in this filing

  • Rose Smitley (Founder)
  • Jonathan Farris (President CFO)
  • Brad Fenner (Corresponding Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

New Found Family is a 12 step recovery program that helps individuals achieve recovery and healing from past trauma

What it reported doing in 2023

New Found Family has continued to host weekly meetings every Tuesday and Friday for our members. Having that consistency has given a stable environment to 25 - 50 recovering individuals as well as our one on one mentorship to help individuals further in their recover journey. We provide an online broadcast of these meetings and meals for whoever attends meetings in person. We also cover travel costs for mentors to meet with their mentees throughout the week as it is important to have a face to face meeting to establish trust with a mentor.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 69% for direct work, and 31% for member benefits.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 82
  • Sustainability: 34
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.2%; rating input score 61
  • Program expense ratio: 61.9%; rating input score 62

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 1%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.6; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0.6%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: -3% per year; rating input score 0; 41st percentile among comparable filings
  • Revenue growth: 12.5% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: -3.2% per year; rating input score 0; 28th percentile among comparable filings

Details

  • Where the money goes: 61.2% of revenue deployed · 61.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $42K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 12/100.