THE NEW LIFE SCHOOL (EIN 204597888) - 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

2005

Legal Domicile

Principal Officer

DAMYN KELLY

Phone

2128701132

Tax Period

2022-07-01 to 2023-06-30

THE NEW LIFE SCHOOL, founded in 2005, is a community nonprofit in the Education sector that reported $8.9M in total revenue in fiscal year 2022. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 39% operating margin.

Mission

SPECIALIZED EDUCATIONAL AND CLINICAL SERVICES TO SCHOOL-AGE CHILDREN (SEE SCHEDULE O) THE NEW LIFE SCHOOL PROVIDES SPECIALIZED EDUCATIONAL AND CLINICAL SERVICES TO SCHOOL-AGE CHILDREN WITH DEVELOPMENTAL DISABILITIES AND MENTAL/BEHAVIORAL DISORDERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $225,837

Program Service Revenue $5,226,279

Investment Income $0

Other Revenue $3,462,911

TOTAL REVENUE $8,915,027

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,393,034

Fundraising Expenses $0

Program Expenses $4,452,289

Other Expenses $2,073,165

TOTAL EXPENSES $5,466,199

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,915,027	$6,539,663	+0.4%
Expenses	$5,466,199	$6,144,298	-0.1%
Net Income	$3,448,828	$395,365	+7.7%

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

$745,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRISON OELLRICH	CHAIR	0.10	Officer Director	$0	$0	$0
RACHEL COHEN	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ROBIN ROBIN	SECRETARY	0.10	Officer Director	$0	$0	$0
STEVEN JONES	TREASURER	0.10	Officer Director	$0	$0	$0
ANDIS AKERFELDS	BOARD DIRECTOR	0.10	Director	$0	$0	$0
LAURA BAUER	BOARD DIRECTOR	0.10	Director	$0	$0	$0
TWILA EVANSON	BOARD DIRECTOR	0.10	Director	$0	$0	$0
DARYL GOODWIN	BOARD DIRECTOR	0.10	Director	$0	$0	$0
LOIS JENKINS	BOARD DIRECTOR	0.10	Director	$0	$0	$0
MARVA JENKINS	BOARD DIRECTOR	0.10	Director	$0	$0	$0
BARBARA JOHNSON	BOARD DIRECTOR	0.10	Director	$0	$0	$0
REBECCA JOHNSON	BOARD DIRECTOR	0.10	Director	$0	$0	$0
GEORGES RAMALANJAONA	BOARD DIRECTOR	0.10	Director	$0	$0	$0
PAUL SAUERACKER	BOARD DIRECTOR	0.10	Director	$0	$0	$0
JENNIFER SMITH	BOARD DIRECTOR	0.10	Director	$0	$0	$0
DARREL UPSON	BOARD DIRECTOR	0.10	Director	$0	$0	$0
SAMANTHA WILLIAMS	BOARD DIRECTOR	0.10	Director	$0	$0	$0
KERRON NORMAN	CPO	5.00	Officer	$0	$18,931	$220,712
DAMYN KELLY	PRESIDENT & CEO	5.00	Officer	$0	$22,917	$310,531
RINKU BHATTACHARYA	CFO	5.00	Officer	$0	$20,525	$213,837
CHRISTINE AMODEO	ASST. EXEC. DIR. OF CHILDREN SERVICES	35.00	Highest	$122,995	$11,463	$134,458

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	No data	No data	No data	No data
2023	$8,915,027	$5,466,199	$922,316	$3,448,828
2022	$6,539,663	$6,144,298	$1,020,885	$395,365
2021	$5,788,146	$6,315,702	$914,244	$-527,556
2020	$7,091,196	$7,172,902	$1,112,330	$-81,706
2019	$7,977,624	$7,879,179	$1,310,417	$98,445
2018	$6,350,714	$7,336,626	$745,929	$-985,912

THE NEW LIFE SCHOOL