NEW GENERATION MINISTRIES (EIN 364634117) - 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

MICHAEL LELAND

Phone

3603541472

Tax Period

2024-01-01 to 2024-12-31

NEW GENERATION MINISTRIES, founded in 2008, is a small nonprofit in the International Affairs sector that reported $490K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $601K exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDE MEDICAL, EDUCATION, & GENERAL WELFARE, INCLDG ROOM & BOARD FOR ORPHANED CHILDREN OF HAITI.

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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 $490,121

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $490,121

Expense Breakdown

Grants Paid $468,028

Salaries & Benefits $106,017

Fundraising Expenses $26,539

Program Expenses $531,345

Other Expenses $26,845

TOTAL EXPENSES $600,890

Year-over-Year Comparison

	2024	2023	Change
Revenue	$490,121	$547,989	-0.1%
Expenses	$600,890	$535,351	+0.1%
Net Income	$-110,769	$12,638	-9.8%

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

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
JEFF KORTHUIS	BOARD MEMBER	2.00	Director	$0	$0	$0
LAURA KORTHUIS	2ND CHAIR/ TREASURER	5.00	Officer Director	$0	$0	$0
TIM BROERSMA	BOARD MEMBER	2.00	Director	$0	$0	$0
IAN HOUBEN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
STEVE KRUYSWIJK	BOARD MEMBER	2.00	Director	$0	$0	$0
HENDOR RODRIGUEZ	BOARD MEMBER	2.00	Director	$0	$0	$0
MIKE LELAND	EXECUTIVE DIRECTOR	50.00	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	$490,121	$600,890	$199,857	$-110,769
2023	$547,989	$535,351	$318,190	$12,638
2022	$466,347	$442,915	$317,434	$23,432
2021	$520,966	$521,468	$278,504	$-502
2020	$567,663	$319,859	$273,725	$247,804
2019	$280,956	$308,878	$498,980	$-27,922
2018	$316,663	$324,024	$489,271	$-7,361

NEW GENERATION MINISTRIES