NEW LIFE FOR HAITI (EIN 262011573) - 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

2008

Legal Domicile

Principal Officer

ERIN SMITH

Phone

8152163548

Tax Period

2024-04-01 to 2025-03-31

NEW LIFE FOR HAITI, founded in 2008, is a small nonprofit in the Human Services sector that reported $385K in total revenue in fiscal year 2024. Expenses of $431K exceeded revenue, resulting in a 12% operating deficit.

Mission

MEETING THE URGENT NEEDS OF FAMILIES IN HAITI.

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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 $374,621

Program Service Revenue $0

Investment Income $4,190

Other Revenue $6,679

TOTAL REVENUE $385,490

Expense Breakdown

Grants Paid $249,127

Salaries & Benefits $107,818

Fundraising Expenses $18,134

Program Expenses $331,677

Other Expenses $74,156

TOTAL EXPENSES $431,101

Year-over-Year Comparison

	2024	2023	Change
Revenue	$385,490	$379,637	+0.0%
Expenses	$431,101	$547,302	-0.2%
Net Income	$-45,611	$-167,665	-0.7%

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

$71,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE HOFFMAN	SECRETARY	5.00	Officer Director	$0	$0	$0
JERRY FRUMP	TREASURER	10.00	Officer Director	$0	$0	$0
ERIN SMITH	CHAIRMAN	10.00	Officer Director	$0	$0	$0
FRAN LEEMAN	FOUNDER/DIRECTOR	2.00	Director	$0	$0	$0
KRISTEN DERENGOWSKI	TRUSTEE	2.00	Director	$0	$0	$0
EDVARD JANVIER	TRUSTEE	2.00	Director	$0	$0	$0
GARY SNIDER	TRUSTEE	2.00	Director	$0	$0	$0
JANELLE GRAY	TRUSTEE	2.00	Director	$0	$0	$0
GRANT ROSE	TRUSTEE	2.00	Director	$0	$0	$0
NIGEL SYMONS	TRUSTEE	2.00	Director	$0	$0	$0
DAVID LARSON	EXECUTIVE DIRECTOR	40.00	Officer	$71,566	$0	$71,566

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
2025	$385,490	$431,101	$156,080	$-45,611
2024	$379,637	$547,302	$200,200	$-167,665
2023	$428,480	$446,095	$368,410	$-17,615
2022	$571,811	$446,081	$387,710	$125,730
2020	$442,551	$356,326	$307,675	$86,225
2019	$458,765	$377,856	$226,267	$80,909
2018	$413,253	$469,387	$139,820	$-56,134

NEW LIFE FOR HAITI