NEW LIFE ALTERNATIVES INC

EIN: 352182456 501(c)(3) Education

PHILADELPHIA, PA

Total Revenue
$230,669
Total Expenses
$202,262
Total Assets
$307,913
Net Assets
$42,761
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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
2007
Legal Domicile
PA
Principal Officer
VERONICA MORALES
Phone
2158773440
Tax Period
2023-07-01 to 2024-06-30

NEW LIFE ALTERNATIVES INC, founded in 2007, is a small nonprofit in the Education sector that reported $231K in total revenue in fiscal year 2023. Expenses of $202K left a modest 12% surplus.

Mission

PROVISION OF FEE FOR SERVICE LOW COST CHILD CARE SERVICES AND ACADEMIC SCHOOL TO GRADE 5

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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 $0
Program Service Revenue $230,669
Investment Income $0
Other Revenue $0
TOTAL REVENUE $230,669

Expense Breakdown

Grants Paid $0
Salaries & Benefits $143,527
Fundraising Expenses $0
Program Expenses $166,331
Other Expenses $58,735
TOTAL EXPENSES $202,262

Year-over-Year Comparison

2023 2022 Change
Revenue $230,669 N/A N/A
Expenses $202,262 $404,971 -0.5%
Net Income $28,407 $-404,971 -1.1%
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
5
Independent Members
3
Employees
10
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONITA PATTERSON 40.00
Officer Highest
$0 $0 $0
VERONICA MORALES 40.00
Officer
$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 $230,669 $202,262 $307,913 $28,407
2023 No data $404,971 $301,355 No data
2022 $392,475 $429,796 $411,675 $-37,321
2021 $416,838 $409,821 $473,473 $7,017
2020 $398,949 $390,646 $550,053 $8,303
2019 $541,445 $548,525 $348,106 $-7,080
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