NEW LIFE INC (EIN 381806187) - 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

1965

Legal Domicile

Principal Officer

RAYMOND P WATTS

Phone

2484355650

Tax Period

2020-07-01 to 2021-06-30

NEW LIFE INC, founded in 1965, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2020. Revenue surged 26% from the prior year, signaling strong growth momentum. The organization ran a surplus of $735K, a strong 38% operating margin.

Mission

CLAWSON MANOR SEEKS TO PROVIDE APARTMENT-TYPE HOUSING TO SENIORS OVER THE AGE OF 62 AND A LIMITED NUMBER OF DISABLED PERSONS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $12,494

Program Service Revenue $1,474,536

Investment Income $6,027

Other Revenue $456,521

TOTAL REVENUE $1,949,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $990,464

Other Expenses $1,214,434

TOTAL EXPENSES $1,214,434

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,949,578	$1,548,076	+0.3%
Expenses	$1,214,434	$1,395,765	-0.1%
Net Income	$735,144	$152,311	+3.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY WATTS	PRESIDENT	2.00	Officer	$0	$0	$0
BRADLEY BUTTON	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DAVID PEABODY	TREASURER	2.00	Officer	$0	$0	$0
IVAN SECORD	SECRETARY	1.00	Officer	$0	$0	$0
EMMA MOORE	BOARD MEMBER	0.00	Director	$0	$0	$0
JERRY ABSTON	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HOUSTON	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES HUSTED	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS MCGEORGE	DIRECTOR	1.00	Director	$0	$0	$0
LOWELL CONNER	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD CUMMINGS	DIRECTOR	1.00	Director	$0	$0	$0
CAROL KOERNER	DIRECTOR	0.00	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
2021	$1,949,578	$1,214,434	$4,388,353	$735,144

NEW LIFE INC