New Leaf National Trust
Nonprofit profile at a glance
- EIN
- 830614420
- IRS 990 coverage
- 2019–2025
- Forms available
- Form 990 2025
- Location
- Indianapolis, IN, USA
- Phone
- 3178418795
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Health Support Services
Reported finances
- Revenue
- $339,439
- Expenses
- $651,199
- Assets
- $16,137,118
- Liabilities
- $17,913,836
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- LARRY CAGLE (PRESIDENT)
- KIRK LEBLANC (VICE PRESIDENT)
People named in this filing
- MATT RAYMOND (DIRECTOR)
- JEFFREY L BINKLEY (DIRECTOR)
- KENN BARBEE (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide medicaid, ssi and other means-tested benefits recipients who have been injured in a personal injury, medical malpractice, class action, or other lawsuits with the finest, most compassionate and fastest service available from a pooled special needs trust-and to do so with the utmost of competence, legal expertise, and understanding.
What it reported doing in 2025
Provided pooled trust services to disabled individuals who receive means-tested benefits.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 90
- Accountability: 76
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -91.8%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 24.78; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 1.11; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 8.1% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 10.3% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 4.3% per year; rating input score 100; 41st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 8 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $651K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Highest-paid contractors: 1 contractor listed · $414K reported
- Consistency: 21 of 21 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2019 to 2025
- Contacts: How to reach this organization
- 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.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.