NEW BEGINNINGS OF BRUNSWICK INC

EIN: 200725599 501(c)(3) Religion

SHALLOTTE, NC

Total Revenue
$449,940
Total Expenses
$38,036
Total Assets
$1,549,255
Net Assets
$1,056,863
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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
2003
Legal Domicile
NC
Phone
9105784048
Tax Period
2023-01-01 to 2023-12-31

NEW BEGINNINGS OF BRUNSWICK INC, founded in 2003, is a small nonprofit in the Religion sector that reported $450K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $412K, a strong 92% operating margin.

Mission

CHURCH

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $449,940
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $449,940

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $449,940
Other Expenses $38,036
TOTAL EXPENSES $38,036

Year-over-Year Comparison

2023 2022 Change
Revenue $449,940 $722,517 -0.4%
Expenses $38,036 $908,057 -1.0%
Net Income $411,904 $-185,540 -3.2%
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

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Governance

Voting Members
12
Independent Members
11
Employees
6
Volunteers
N/A

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALD BECK TREASURER 010.00
Officer Director
$0 $0 $0
BRAD FERGUSON PASTOR 040.00
Highest
$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
2023 $449,940 $38,036 $1,549,255 $411,904
2022 $722,517 $908,057 $1,629,743 $-185,540
2021 $410,993 $383,370 $1,052,223 $27,623
2020 $390,922 $359,232 $1,062,121 $31,690
2019 $341,575 $357,006 $1,070,517 $-15,431
2018 $459,217 $386,100 $1,129,042 $73,117
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