New Hope Baptist Church

EIN: 411504758 501(c)(3) Religion

Saint Paul, MN

Total Revenue
$289,975
Total Expenses
$306,707
Total Assets
$2,423,562
Net Assets
$2,329,711
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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
1952
Legal Domicile
MN
Principal Officer
Marcia Wyatt
Phone
6517729350
Tax Period
2024-01-01 to 2024-12-31

New Hope Baptist Church, founded in 1952, is a small nonprofit in the Religion sector that reported $290K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Net assets of $2.3M represent 96 months of operating reserves.

Mission

Our mission at New Hope Baptist Church is to ?Exhalt the Savior, Edify the Saints and Evangelize the Sinner? in accordance to John 12:32, ?And I, if I be lifted up from the earth, will draw all men unto me.? We want to acknowledge and reference our God in our beliefs, lifestyles, and how we

Program Service Accomplishments

Program 1
Expenses: $15,674 Revenue: $8,863

The Mission Ministry suppervies and coordinates programs of the church outreach and community. To increase the mission to assist special efforts to increase community engagement and assist locally...

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The Mission Ministry suppervies and coordinates programs of the church outreach and community. To increase the mission to assist special efforts to increase community engagement and assist locally with individual and family encouragement. To promote the reduce of voilence and neighborhood awaremess.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $264,861
Program Service Revenue $25,114
Investment Income $0
Other Revenue $0
TOTAL REVENUE $289,975

Expense Breakdown

Grants Paid $0
Salaries & Benefits $132,070
Fundraising Expenses $0
Program Expenses $15,674
Other Expenses $174,637
TOTAL EXPENSES $306,707

Year-over-Year Comparison

2024 2023 Change
Revenue $289,975 $431,616 -0.3%
Expenses $306,707 $367,113 -0.2%
Net Income $-16,732 $64,503 -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

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Governance

Voting Members
5
Independent Members
N/A
Employees
7
Volunteers
26

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
0
$0
Total Directors
5
$92,942
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUNNEY D PATTERSON Pastor Trustee 40.00
Director
$76,000 $0 $76,000
DR REV MARCIA WYATT Trustee Chair 15.00
Director
$16,942 $0 $16,942
MICHAEL WINESBERRY Trustee 5.00
Director
$0 $0 $0
SAM CAMPBELL Board Co Chair 5.00
Director
$0 $0 $0
KARLOWBA POWELL Trustee 5.00
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 $289,975 $306,707 $2,423,562 $-16,732
2023 $431,616 $367,113 $2,412,215 $64,503
2022 $353,025 $375,458 $2,401,856 $-22,433
2021 $505,598 $432,238 $2,467,748 $73,360
2020 $400,196 $484,928 $2,436,699 $-84,732
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