DEARBORN, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW LIFE SERVICES INC, founded in 1988, is a community nonprofit that reported $5.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.
OPERATION OF ADULT FOSTER CARE HOMES AND STAFFING AGENTS IN SOUTHEASTERN MICHIGAN PROVIDING THE HIGHEST QUALITY OF SERVICES IN THE MOST SAFE, CARING, AND GENTLE HOME-LIKE ENVIRONMENT. REALIZING THAT PERSONS OF VARIOUS ABILITIES WILL RESIDE IN THE FACILITIES, NEW LIFE SERVICES INC. PROMOTES AND ENCOURAGES THE MAXIMUM AMOUNT OF INDEPENDENCE WHILE PROVIDING THE HIGHEST LEVEL OF CHOICE FOR EACH INDIVIDUAL SERVICED. NEW LIFE SERVICES PROMOTES THE INVOLVEMENT OF FAMILY AND FRIENDS IN ENCOURAGING THE DEVELOPMENT OF THE RESIDENTS. LIKEWISE, NEW LIFE SERVICES INC. ENCOURAGES THE DEVELOPMENT AND NURTURING OF NEW FRIENDSHIPS AS A VEHICLE TO STIMULATE GROWTH AND INDEPENDENCE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,998,009 | $5,450,883 | -0.1% |
| Expenses | $5,354,476 | $5,489,587 | 0.0% |
| Net Income | $-356,467 | $-38,704 | +8.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JASON SCHMIDT | EXECUTIVE DI | 40.00 |
Officer
|
$137,211 | $0 | $137,211 |
| SHAWN BROWN | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| LAURA CARDENAS | DIRECTOR | N/A |
Director
|
$0 | $0 | $0 |
| KELLY KOWALSKI-SMITH | TREASURER | N/A |
Officer
|
$0 | $0 | $0 |
| TRACY SCHMIDT-CARTER | PRESIDENT | N/A |
Officer
|
$0 | $0 | $0 |
| KEELY VACCA | SECRETARY | N/A |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $4,998,009 | $5,354,476 | $2,473,162 | $-356,467 |
| 2024 | $5,450,883 | $5,489,587 | $2,862,705 | $-38,704 |
| 2023 | $5,096,143 | $4,738,701 | $2,772,928 | $357,442 |
| 2022 | $4,409,501 | $4,424,163 | $2,623,808 | $-14,662 |
| 2021 | $4,085,655 | $3,495,573 | $2,338,696 | $590,082 |
| 2020 | $3,285,569 | $3,295,938 | $2,175,422 | $-10,369 |
| 2019 | $3,163,230 | $3,273,286 | $1,759,309 | $-110,056 |
| 2018 | $3,277,564 | $3,333,680 | $1,857,121 | $-56,116 |
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