NEW SPIRIT INC (EIN 043232718) - 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

1994

Legal Domicile

Principal Officer

PATRICK SEARS

Phone

4137462523

Tax Period

2021-01-01 to 2021-12-31

NEW SPIRIT INC, founded in 1994, is a small nonprofit in the Religion sector that reported $199K in total revenue in fiscal year 2021. Revenue decreased 10% compared to the prior year. Expenses of $235K exceeded revenue, resulting in a 18% operating deficit.

Mission

SUMMER CAMP SESSIONS FOR MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS AND RETREATS FOR TEEMS AND VARIOUS TRAINING SESSIONS FOR TEENS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $129,611

Program Service Revenue $31,404

Investment Income $38,020

Other Revenue $0

TOTAL REVENUE $199,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,759

Fundraising Expenses $0

Program Expenses $189,316

Other Expenses $11,255

TOTAL EXPENSES $235,014

Year-over-Year Comparison

	2021	2020	Change
Revenue	$199,035	$220,679	-0.1%
Expenses	$235,014	$244,185	0.0%
Net Income	$-35,979	$-23,506	+0.5%

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

$152,400

Total Directors

$152,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK SEARS	PRESIDENT/TREASURER	040.00	Officer Director Highest	$76,200	$0	$76,200
BARRY KINGSTON	CLERK	040.00	Officer Director Highest	$76,200	$0	$76,200
SUSAN COLLINS	DIRECTOR	001.00	Director	$0	$0	$0
FR RICK MARTIGNETTI	DIRECTOR	001.00	Director	$0	$0	$0
JOYCELIN RAHO	DIRECTOR	001.00	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
2021	$199,035	$235,014	$71,594	$-35,979
2020	$220,679	$244,185	$193,708	$-23,506
2019	$313,767	$298,418	$155,664	$15,349
2018	$319,850	$338,450	$155,529	$-18,600

NEW SPIRIT INC