NEW THING MINISTRIES COMPANY (EIN 262136486) - 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

TAMELA K POTTER

Phone

4232855071

Tax Period

2024-01-01 to 2024-12-31

NEW THING MINISTRIES COMPANY, founded in 2008, is a small nonprofit in the Religion sector that reported $395K in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $160K, a strong 40% operating margin.

Mission

AN ORGANIZATION THAT SUPPORTS INDIGENT FAMILIES THROUGH FOOD, CLOTHING, SCHOOL SUPPLIES, CHRISTMAS GIFTS, RENT, UTILITIES, AND BENEVOLENCE. AN ORGANIZATION THAT SUPPORTS FURTHERING THE GOSPEL OF JESUS CHRIST THROUGH MINISTRY SUPPORT, CHURCH SUPPORT, TEACHING, MISSIONS, AND OTHER MINISTRY PROJECT.

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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 $414,825

Program Service Revenue $3

Investment Income $-19,570

Other Revenue $0

TOTAL REVENUE $395,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,312

Fundraising Expenses $0

Program Expenses $217,733

Other Expenses $138,369

TOTAL EXPENSES $235,681

Year-over-Year Comparison

	2024	2023	Change
Revenue	$395,258	$288,085	+0.4%
Expenses	$235,681	$223,729	+0.1%
Net Income	$159,577	$64,356	+1.5%

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

$113,599

Total Directors

$113,599

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER B SPAIN	SECRETARY	40.00	Officer Director	$15,840	$0	$15,840
KELITA DEEMS	DIRECTOR	10.00	Director	$0	$0	$0
TAMELA K POTTER	PRESIDENT	40.00	Officer Director	$97,759	$0	$97,759

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	$395,258	$235,681	$481,616	$159,577
2023	$288,085	$223,729	$323,960	$64,356
2022	$285,220	$218,509	$260,435	$66,711
2021	$258,092	$213,699	$194,015	$44,393
2020	$253,128	$204,682	$149,292	$48,446
2019	$226,787	$206,235	$101,765	$20,552
2018	$224,166	$198,440	$81,214	$25,726

NEW THING MINISTRIES COMPANY