LIVING THE NEW LIFE MINISTRIES

EIN: 300214666 501(c)(3) Religion

SUMMERFIELD, NC

Total Revenue
$127,948
Total Expenses
$116,793
Total Assets
$94,668
Net Assets
$84,583
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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
2003
Legal Domicile
NC
Principal Officer
DENNIS NUNN
Phone
4044353154
Tax Period
2023-01-01 to 2023-12-31

LIVING THE NEW LIFE MINISTRIES, founded in 2003, is a small nonprofit in the Religion sector that reported $128K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $117K left a modest 9% surplus.

Mission

LIVING THE NEW LIFE MINISTRIES ACTIVITIES INCLUDE DEVELOPING, SCHEDULING AND TEACHING OR CONDUCTING CONFERENCES FOR CHURCHES AND PASTORS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $118,601
Program Service Revenue $7,320
Investment Income $1,267
Other Revenue $760
TOTAL REVENUE $127,948

Expense Breakdown

Grants Paid $0
Salaries & Benefits $72,034
Fundraising Expenses $0
Program Expenses $47,306
Other Expenses $44,759
TOTAL EXPENSES $116,793

Year-over-Year Comparison

2023 2022 Change
Revenue $127,948 $138,454 -0.1%
Expenses $116,793 $125,443 -0.1%
Net Income $11,155 $13,011 -0.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
2

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
3
$69,000
Total Directors
5
$69,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS NUNN PRESIDENT 40.00
Officer Director
$69,000 $0 $69,000
RALPH ROWLAND CHAIRMAN OF BOARD 2.00
Officer Director
$0 $0 $0
SUSAN NUNN SECRETARY 2.00
Officer Director
$0 $0 $0
DAVID VANCE DIRECTOR 1.00
Director
$0 $0 $0
PAUL MONROE DIRECTOR 1.00
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 $127,948 $116,793 $94,668 $11,155
2022 $138,454 $125,443 $86,457 $13,011
2021 $137,055 $110,894 $70,366 $26,161
2020 $107,908 $100,012 $42,982 $7,896
2019 $160,944 $162,631 $34,918 $-1,687
2018 $190,737 $192,906 $33,347 $-2,169
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