New Hope Baptist Church (EIN 411504758) - 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

1952

Legal Domicile

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

Faith Based Organization Exalt the Savior Edify the Saints and evangelize the Sinners

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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 (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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

$92,942

Key Employees

Highest Compensated

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

New Hope Baptist Church