NEW LIFE ACADEMY OF EXCELLENCE (EIN 161768260) - 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

ALPHONSA FOWARD JR

Phone

6787209870

Tax Period

2023-07-01 to 2024-06-30

NEW LIFE ACADEMY OF EXCELLENCE, founded in 2006, is a community nonprofit in the Education sector that reported $5.8M in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO ASSIST THE PARENTS OF GWINNETT COUNTY BY PROVIDING A SCHOOL OF CHOICE WITH AN EDUCATIONAL ENVIRONMENT FOR ACADEMIC ACHIEVEMENT AND INDIVIDUAL GROWTH AND DEVELOPMENT IN WHICH WE PREPARE STUDENTS TO BE SUCCESSFUL IN A GLOBAL ECONOMY.

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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 $5,744,570

Program Service Revenue $89,905

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,834,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,671,607

Fundraising Expenses $2,810

Program Expenses $4,973,730

Other Expenses $2,409,871

TOTAL EXPENSES $6,081,478

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,834,475	$5,419,711	+0.1%
Expenses	$6,081,478	$4,964,388	+0.2%
Net Income	$-247,003	$455,323	-1.5%

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

$295,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALPHONSA FOWARD JR	CEO/DIRECTOR	60.00	Officer	$237,243	$58,321	$295,564
CHRISTINE CHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
THERESA THOMAS	BOARD CHAIRM	1.00	Officer Director	$0	$0	$0
WILLIE TOLBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MATISA WILBON	BOARD MEMBER	1.00	Director	$0	$0	$0
CARTER WILSON	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
2025	No data	No data	No data	No data
2024	$5,834,475	$6,081,478	$9,530,570	$-247,003
2023	$5,419,711	$4,964,388	$5,181,446	$455,323
2022	$5,315,571	$4,871,310	$5,033,185	$444,261
2021	$4,685,026	$4,144,253	$4,529,134	$540,773

NEW LIFE ACADEMY OF EXCELLENCE