NEW WAY MINISTRIES INC

🔒

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

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

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

NEW WAY NINISTRIES IS A CHURCH FOR ALL PEOPLE. BY TEACHING THE WORD OF GOD, THE MINISTRY PROVIDES HEALING, HOPE, AND LOVE TO THE LIVES OF THE WOUNDED. ENABLING, STRENGTHENING, AND EMPOWERING BELIEVERS TO LIVE IN FREEDOM.

Program Service Accomplishments

Program 1

CHURCH SERVICES AND SPREADING THE WORD OF GOD

Program 2

OUTREACH PROGRAM - HELPING WITH SHELTER AND TRANSPORTATION

Program 3

YOUTH THAT WIN - HELPING YOUTH WITH TUITION, BOOKS, AND SUPPLIES

🔒

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%)

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

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

Total Directors

Key Employees

Highest Compensated

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