NEW BEGINNING APOSTOLIC CHURCH INC (EIN 260717029) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

BOBBY POWE

Phone

2516759473

Tax Period

2023-01-01 to 2023-12-31

NEW BEGINNING APOSTOLIC CHURCH INC, founded in 2007, is a small nonprofit in the Religion sector that reported $197K in total revenue in fiscal year 2019. The organization ran a surplus of $43K, a strong 22% operating margin.

Mission

A PENTECOSTAL CHURCH PROMOTING THE EVANGELISM TO THE SURROUNDING COMMUNITIES FOR THE LORD JESUS CHRIST. TO SPREAD AND PROPAGATE THE CHRISTIAN FAITH AND SPREAD THE GOSPEL OF JESUS CHRIST AS REVEALED THROUGH THE HOLY SCRIPTURES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $236,156

Program Service Revenue $0

Investment Income $56

Other Revenue $0

TOTAL REVENUE $236,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,020

Fundraising Expenses $0

Program Expenses $238,303

Other Expenses $100,283

TOTAL EXPENSES $238,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,212	$208,767	+0.1%
Expenses	$238,303	$225,876	+0.1%
Net Income	$-2,091	$-17,109	-0.9%

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

N/A

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

$37,312

Total Directors

$39,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOBBY POWE	PRESIDENT/PA	30.00	Officer Director	$22,912	$0	$22,912
ANGELA WILSON	SECRETARY	40.00	Officer Director	$14,400	$0	$14,400
IZELL DAVIS	DIRECTOR	15.00	Director	$2,208	$0	$2,208
BOBBY LEE RADCLIFF JR	DIRECTOR	N/A	Director	$0	$0	$0
PHILLIP BROWN JR	DIRECTOR	N/A	Director	$0	$0	$0
T C REED JR	DIRECTOR	N/A	Director	$0	$0	$0
EDDIE LEE KIMBROUGH	DIRECTOR/CHA	N/A	Officer Director	$0	$0	$0
ELMER LANG	DIRECTOR/TRE	N/A	Officer Director	$0	$0	$0
JASON MCNELL SULLIVAN	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$236,212	$238,303	$935,062	$-2,091
2022	$208,767	$225,876	$937,567	$-17,109
2021	$207,487	$188,040	$954,602	$19,447
2020	$185,957	$152,521	$953,596	$33,436
2019	$197,332	$154,077	$915,536	$43,255

NEW BEGINNING APOSTOLIC CHURCH INC