NEW HOPE CORRECTIONAL MINISTRY (EIN 205721504) - 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

DANIEL CROCE

Phone

7812933886

Tax Period

2024-01-01 to 2024-12-31

NEW HOPE CORRECTIONAL MINISTRY, founded in 2006, is a small nonprofit in the Religion sector that reported $335K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $293K left a modest 12% surplus.

Mission

PROVIDE CHAPLAINCY SERVICES TO INMATES & WORKERS ASSOCIATED WITH CORRECTIONAL FACILITIES.

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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 $326,718

Program Service Revenue $0

Investment Income $25,869

Other Revenue $-17,813

TOTAL REVENUE $334,774

Expense Breakdown

Grants Paid $10,535

Salaries & Benefits $202,979

Fundraising Expenses $28,786

Program Expenses $199,705

Other Expenses $79,698

TOTAL EXPENSES $293,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$334,774	$239,484	+0.4%
Expenses	$293,212	$275,336	+0.1%
Net Income	$41,562	$-35,852	-2.2%

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

Governance

Voting Members

Independent Members

Employees

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

$72,509

Total Directors

$72,509

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL CROCE	EXEC DIRECTO	40.00	Officer Director	$72,509	$0	$72,509
JOHN KLEFEKER	TREASURER	0.50	Officer Director	$0	$0	$0
DAN MCCORMACK	CLERK	0.50	Officer 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	$334,774	$293,212	$448,159	$41,562
2023	$239,484	$275,336	$412,311	$-35,852
2022	$266,659	$242,455	$442,545	$24,204
2021	$239,326	$178,541	$432,033	$60,785
2020	$234,399	$177,029	$361,018	$57,370
2019	$233,644	$172,998	$303,233	$60,646
2018	$249,287	$234,564	$237,685	$14,723

NEW HOPE CORRECTIONAL MINISTRY