New Beginnings International House… - Form 990 Financial Data

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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

2017

Legal Domicile

Phone

2108967156

Tax Period

2022-01-01 to 2022-12-31

New Beginnings International House of Worship INC, founded in 2017, is a small nonprofit in the Religion sector that reported $231K in total revenue in fiscal year 2022. Expenses of $210K left a modest 9% surplus.

Mission

Community Church & Outreach Organization

Program Service Accomplishments

Program 1

Expenses: $92,074 Revenue: $0

Building Rent, Utilities and Maintenance are for use of facilities to worship and allow church members to have a safe-clean environment for services.

Program 2

Expenses: $52,178 Revenue: $0

Other Expenses see attached Schedule O. These expenses include travel, lodging, supplies, tools, uncapitalizable equipment, insurance, conferencing, communications and connectivity, seminars, gifts, dues & subscriptions for the operation of the church and outreach programs daily, benefiting citizens and inmates.

Program 3

Expenses: $65,564 Revenue: $0

Contract Labor Expenses are for professional services used in church for operation, worship, maintenance, and cleaning. The expenses provide contracting opportunities for the community, numerous...

Contract Labor Expenses are for professional services used in church for operation, worship, maintenance, and cleaning. The expenses provide contracting opportunities for the community, numerous individuals, and small business owners.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $230,984

TOTAL REVENUE $230,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,710

Fundraising Expenses $0

Program Expenses $209,816

Other Expenses $179,106

TOTAL EXPENSES $209,816

Year-over-Year Comparison

	2022	2021	Change
Revenue	$230,984	N/A	N/A
Expenses	$209,816	N/A	N/A
Net Income	$21,168	N/A	N/A

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

N/A

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

$30,910

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Theresa D Johnson	President & Hd. Pastor	40.00	Officer	$29,410	$0	$29,410
Margo S Johnson	Vice President & Asst. Pastor	40.00	Officer	$1,500	$0	$1,500
Adrienne C Elligan	Treasurer	40.00	Officer	$0	$0	$0
Scott Williams	Director	40.00	Director	$0	$0	$0
Lisa Eason	Administrator	30.00	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
2022	$230,984	$209,816	$96,295	$21,168

New Beginnings International House of Worship INC