NEW WAY MINISTRIES INC

EIN: 455290678 501(c)(3) Religion

SOUTHFIELD, MI

Total Revenue
$1,240,481
Total Expenses
$654,427
Total Assets
$2,044,336
Net Assets
$1,122,831
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MI
Principal Officer
DWIGHT DOBBINS
Phone
3134770534
Tax Period
2021-01-01 to 2021-12-31

NEW WAY MINISTRIES INC, founded in 2019, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2021. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $586K, a strong 47% operating margin.

Mission

BY TEACHING THE WORD OF GOD, THE MINISTRY PROVIDES HEALING, HOPE, AND LOVE TO THE LIVES OF THE WOUNDED. ENABLING, STRENGTHENING, AND EMPOERING BELIEVERS TO LIVE IN FREEDOM.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $1,240,481
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,240,481

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $654,427
Other Expenses $654,427
TOTAL EXPENSES $654,427

Year-over-Year Comparison

2021 2020 Change
Revenue $1,240,481 $944,196 +0.3%
Expenses $654,427 $444,229 +0.5%
Net Income $586,054 $499,967 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
30

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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DWIGHT DOBBINS PASTOR, PRES N/A
Officer Director
$0 $0 $0
PRINCESS DOBBINS DIRECTOR N/A
Officer 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 $1,240,481 $654,427 $2,044,336 $586,054
2020 $944,196 $444,229 $1,598,420 $499,967
2019 $448,676 $511,568 $1,077,108 $-62,892
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NEW WAY MINISTRIES INC with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.