New Hope Ministries Inc (EIN 364805365) - 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

2015

Legal Domicile

Principal Officer

Wylie Boyd Jr

Phone

4107906310

Tax Period

2023-01-01 to 2023-12-31

New Hope Ministries Inc, founded in 2015, is a small nonprofit in the Religion sector that reported $229K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $216K left a modest 6% surplus.

Mission

Our purpose is to provide a place for individuals to edify Christ while also encouraging, empowering, educating and leading people to a relationship with Jesus Christ.

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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 $206,373

Program Service Revenue $0

Investment Income $0

Other Revenue $22,325

TOTAL REVENUE $228,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,283

Fundraising Expenses $0

Program Expenses $181,184

Other Expenses $188,686

TOTAL EXPENSES $215,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$228,698	$180,383	+0.3%
Expenses	$215,969	$219,457	0.0%
Net Income	$12,729	$-39,074	-1.3%

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

$23,642

Total Directors

$23,642

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tiffany Boyd	President, Dir	40.00	Officer Director	$11,821	$11,821	$23,642
Wylie Boyd Jr	Vice Pres, Dir	25.00	Officer Director	$0	$0	$0
Yvonne Palmer	Secretary, Dir	10.00	Officer Director	$0	$0	$0
Raynard Palmer	Chairman, Dir.	7.00	Officer Director	$0	$0	$0
Vivian Tyler	Vice Tres, Dir	7.00	Officer Director	$0	$0	$0
Tiffany Williams	Director	7.00	Director	$0	$0	$0
Wylie Boyd Sr	Chairman, Dir	7.00	Officer Director	$0	$0	$0
Angelique Allen	Treasurer, Dir.	7.00	Officer Director	$0	$0	$0
Tammie Owens	Chair. of Fin.	7.00	Officer Director	$0	$0	$0
Tracey Thomas	Director	7.00	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	No data	No data	No data	No data
2023	$228,698	$215,969	$700,651	$12,729
2022	$180,383	$219,457	$701,943	$-39,074

New Hope Ministries Inc