NEW LIFE OF NEW YORK CITY INC (EIN 237344354) - 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

1973

Legal Domicile

Principal Officer

DR RICHARD HOFFMAN

Phone

2127805940

Tax Period

2023-10-01 to 2024-09-30

NEW LIFE OF NEW YORK CITY INC, founded in 1973, is a small nonprofit in the Human Services sector that reported $760K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 121% operating deficit.

Mission

TO HELP NEW YORK CITY TEENAGERS ACHIEVE MORE THAN THEY EVER THOUGHT THEY COULD BY DEVELOPING MIND, BODY, AND SOUL.

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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 $611,237

Program Service Revenue $5,690

Investment Income $143,032

Other Revenue $473

TOTAL REVENUE $760,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,115,686

Fundraising Expenses $158,343

Program Expenses $1,184,209

Other Expenses $565,785

TOTAL EXPENSES $1,681,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$760,432	$517,912	+0.5%
Expenses	$1,681,471	$1,649,235	+0.0%
Net Income	$-921,039	$-1,131,323	-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

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

$251,052

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHIP DILLON	CHAIRMAN OF THE BOARD	2.00	Officer Director	$0	$0	$0
ZACHARY LEMBKE	BOARD TREASURE	2.00	Officer Director	$0	$0	$0
DERY RODRIGUEZ	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
DANIEL MARTE	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK ATKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ERIC P HAIMS	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENT BOUNDS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD HOFFMAN	EXECUTIVE DIRECTOR	40.00	Officer	$130,588	$0	$130,588
DANA FLEMING	DIRECTOR OF OPERATIONS & FINANCE	40.00	Officer	$114,441	$6,023	$120,464

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	$760,432	$1,681,471	$4,544,281	$-921,039
2023	$517,912	$1,649,235	$5,333,059	$-1,131,323
2022	$646,079	$1,451,992	$6,386,638	$-805,913
2021	$430,999	$949,601	$8,112,954	$-518,602
2020	$412,145	$768,969	$7,987,012	$-356,824
2019	$8,532,426	$790,675	$8,178,420	$7,741,751
2018	$677,056	$754,639	$424,714	$-77,583

NEW LIFE OF NEW YORK CITY INC