IGLESIA PRINCIPIO NUEVO NEW BEGINING

EIN: 462789004 501(c)(3) Religion

PHOENIX, AZ

Total Revenue
$70,705
Total Expenses
$84,962
Total Assets
$782,377
Net Assets
$770,377
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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
2014
Legal Domicile
AZ
Principal Officer
VICTOR ARANDA
Phone
6025770676
Tax Period
2024-01-01 to 2024-12-31

IGLESIA PRINCIPIO NUEVO NEW BEGINING, founded in 2014, is a micro nonprofit in the Religion sector that reported $71K in total revenue in fiscal year 2024. Expenses of $85K exceeded revenue, resulting in a 20% operating deficit.

Mission

Church religious activities, help the community in different areas

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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 $70,705
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $70,705

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,768
Fundraising Expenses $0
Other Expenses $57,194
TOTAL EXPENSES $84,962

Year-over-Year Comparison

2024 2023 Change
Revenue $70,705 $68,745 +0.0%
Expenses $84,962 $74,416 +0.1%
Net Income $-14,257 $-5,671 +1.5%
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
8
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
1
$27,768
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VICTOR ARANDA PASTOR 040.00
Officer
$27,768 $0 $27,768
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
2024 $70,705 $84,962 $782,377 $-14,257
2023 $68,745 $74,416 $789,065 $-5,671
2022 $79,424 $82,957 $799,711 $-3,533
2021 $76,513 $86,055 $832,011 $-9,542
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