New Redeemed Bible Fellowship Inc (EIN 010871294) - 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

2006

Legal Domicile

Principal Officer

Femi Babaoye

Phone

5102379961

Tax Period

2024-01-01 to 2024-12-31

New Redeemed Bible Fellowship Inc, founded in 2006, is a micro nonprofit in the Religion sector that reported $24K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $17K, a strong 72% operating margin.

Mission

To win individuals to a personal commitment to Jesus Christ through door-to-door witnessing, crusades, rallies, feeding programs, and prison ministry.

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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 (2024)

Revenue Breakdown

Contributions & Grants $23,744

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $23,745

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,132

Other Expenses $6,657

TOTAL EXPENSES $6,657

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,745	$19,925	+0.2%
Expenses	$6,657	$15,765	-0.6%
Net Income	$17,088	$4,160	+3.1%

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

N/A

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
Femi Babaoye	President	10.00	Officer Director	$0	$0	$0
Omoyemi Animashaun	Secretary	2.00	Officer Director	$0	$0	$0
Sonny Ayodele Idowu	Treasurer	2.00	Officer Director	$0	$0	$0
Felicia Lola Orekha	Board member	1.00	Director	$0	$0	$0
Peter Kentebe	Board member	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	$23,745	$6,657	$128,785	$17,088
2023	$19,925	$15,765	$111,697	$4,160
2022	$18,379	$4,658	$107,537	$13,721
2021	$18,671	$5,178	$93,816	$13,493
2020	$15,592	$7,527	$80,323	$8,065
2019	$16,337	$11,075	$72,258	$5,262
2018	$17,786	$8,456	$66,996	$9,330

New Redeemed Bible Fellowship Inc