New Life Charitable Foundation Inc (EIN 237077768) - 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

1970

Legal Domicile

Principal Officer

Beth Harman

Phone

9375927699

Tax Period

2024-01-01 to 2024-12-31

New Life Charitable Foundation Inc, founded in 1970, is a micro nonprofit that reported $58K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $22K, a strong 37% operating margin.

Mission

New Life Charitable Foundation was formed to provide an entity separate from the First Lutheran Church to promote long-term giving. The earnings on these funds are used to provide services to areas and operations surrounding the church but not a direct part of it. The principal shall never be spent.

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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 $2,285

Program Service Revenue $0

Investment Income $55,908

Other Revenue $0

TOTAL REVENUE $58,193

Expense Breakdown

Grants Paid $18,468

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,468

Other Expenses $18,164

TOTAL EXPENSES $36,632

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,193	$50,294	+0.2%
Expenses	$36,632	$31,772	+0.2%
Net Income	$21,561	$18,522	+0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Miller	Secretary	005.00	Officer Director	$0	$0	$0
Chris McKenrick	President	005.00	Officer Director	$0	$0	$0
John Bodin	Vice-President	005.00	Officer Director	$0	$0	$0
Bill Keck	Trustee	005.00	Director	$0	$0	$0
Don Voorhies	Trustee	005.00	Director	$0	$0	$0
Beth Harman	Treasurer	005.00	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	$58,193	$36,632	$1,266,283	$21,561
2023	$50,294	$31,772	$1,225,993	$18,522
2022	$41,045	$107,713	$1,233,470	$-66,668
2021	$38,118	$39,954	$1,356,521	$-1,836
2020	$136,612	$38,887	$1,245,925	$97,725

New Life Charitable Foundation Inc