NEW LIFE CHRISTIAN ACADEMY OF ROCKY MOUNT INC (EIN 320364635) - 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

2014

Legal Domicile

Principal Officer

JEFFREY K GROOVER

Phone

2524436560

Tax Period

2023-06-01 to 2024-05-31

NEW LIFE CHRISTIAN ACADEMY OF ROCKY MOUNT INC, founded in 2014, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $222K, a strong 16% operating margin.

Mission

PRIVATE SCHOOL FOR PRE K - 12TH GRADE

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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 $42,337

Program Service Revenue $1,258,269

Investment Income $12,488

Other Revenue $90,048

TOTAL REVENUE $1,403,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $762,930

Fundraising Expenses $9,560

Program Expenses $1,069,851

Other Expenses $418,299

TOTAL EXPENSES $1,181,229

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,403,142	$1,289,154	+0.1%
Expenses	$1,181,229	$1,172,283	+0.0%
Net Income	$221,913	$116,871	+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

Employees

Volunteers

200

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

$36,759

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY LEONARD	BOARD MEMBER	40.00	Director	$36,759	$0	$36,759
JEFFREY K GROOVER	BOARD MEMBER	5.00	Officer Director	$0	$0	$0
WENDY GROOVER	BOARD MEMBER	5.00	Director	$0	$0	$0
SUMMER PARKER	BOARD MEMBER	5.00	Director	$0	$0	$0
TIFFANY WICKSTROM	BOARD MEMBER	5.00	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
2025	No data	No data	No data	No data
2024	$1,403,142	$1,181,229	$2,045,565	$221,913
2023	$1,289,154	$1,172,283	$1,902,893	$116,871
2022	$1,245,217	$1,075,556	$1,881,919	$169,661
2021	$1,253,717	$887,265	$1,801,387	$366,452
2020	$1,038,992	$980,888	$1,683,814	$58,104
2019	$1,158,018	$1,082,151	$1,557,659	$75,867

NEW LIFE CHRISTIAN ACADEMY OF ROCKY MOUNT INC