NEW LIFE STUDIOS INC

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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

2010

Legal Domicile

Principal Officer

BALEY F ALLRED III

Phone

8778295500

Tax Period

2023-01-01 to 2023-12-31

NEW LIFE STUDIOS INC, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $299K in total revenue in fiscal year 2023. Expenses of $258K left a modest 14% surplus.

Mission

THE ORGANIZATION OPERATES GOSPEL RADIO STATIONS THAT PORMOTES THE SPREADING OF THE GOSPEL BY MUSIC AND PROGRAMMING

Program Service Accomplishments

Program 1

Expenses: $258,197 Revenue: $298,899

BROADCATING GOSPEL MUSIC AND PROGRAMMING PROMOTING COMMUNITY SUPPORT AND UNITY

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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 $197,545

Program Service Revenue $101,273

Investment Income $81

Other Revenue $0

TOTAL REVENUE $298,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,772

Fundraising Expenses $0

Program Expenses $258,197

Other Expenses $118,425

TOTAL EXPENSES $258,197

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,899	$301,531	0.0%
Expenses	$258,197	$250,176	+0.0%
Net Income	$40,702	$51,355	-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

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
BALEY F ALLRED III	BOARD MEMBER	2.00	Director	$0	$0	$0
RANDY JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
RALPH SEXTON JR	BOARD MEMBER	2.00	Director	$0	$0	$0
PAUL MARTIN	BOARD MEMBER	2.00	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	$298,899	$258,197	$274,878	$40,702
2022	$301,531	$250,176	$231,802	$51,355
2021	$360,892	$229,389	$179,540	$131,503
2020	$249,496	$220,463	$75,475	$29,033
2019	$259,848	$234,768	$63,262	$25,080
2018	$247,288	$240,991	$58,822	$6,297