New Light Baptist Missionary Church

EIN: 464506661 501(c)(3) Religion

Wake Forest, NC

Total Revenue
$4,225
Total Expenses
$56,129
Total Assets
$240,926
Net Assets
$240,926
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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
NC
Principal Officer
LINWOOD R HOLDING
Phone
9195264973
Tax Period
2022-01-01 to 2022-12-31

New Light Baptist Missionary Church, founded in 2014, is a micro nonprofit in the Religion sector that reported $4K in total revenue in fiscal year 2022. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 1228% operating deficit.

Mission

To empower equip and enrich the lives of believers as well as others in the local community so that they will come into the knowledge of

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,225
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,955
Fundraising Expenses $0
Program Expenses $56,129
Other Expenses $36,174
TOTAL EXPENSES $56,129

Year-over-Year Comparison

2022 2021 Change
Revenue $4,225 $54,954 -0.9%
Expenses $56,129 $38,561 +0.5%
Net Income $-51,904 $16,393 -4.2%
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
11
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
$0
Total Directors
10
$0
Key Employees
4
$5,205
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CICERO WILLIAMS Pastor 15.00
Highest
$14,600 $0 $14,600
CARLOS CLAYTON Musician 3.000
Key Emp
$1,825 $0 $1,825
STEVIE MCMILLAN Deacon 2.000
Director
$0 $0 $0
JOSEPH WILSON Trustee 2.000
Director
$0 $0 $0
BETTIE BAILEY Trustee 2.000
Director
$0 $0 $0
LINWOOD HOLDING Deacon 2.000
Officer
$0 $0 $0
JOHNATHAN BROWN Musician 3.000
Key Emp
$1,330 $0 $1,330
TERESA GILREATH Trustee 2.000
Director
$0 $0 $0
FRED HOLDING Trustee 2.000
Director
$0 $0 $0
HUDIE SMITH III Trustee 2.000
Director
$0 $0 $0
TONYA ASHE Trustee 2.000
Director
$0 $0 $0
DOROTHY HARRIS Trustee 2.000
Director
$0 $0 $0
TIM MCCALL Trustee 2.000
Director
$0 $0 $0
MICHAEL ASHE Musician 3.000
Key Emp
$950 $0 $950
VINCENT GILREATH Musician 3.000
Key Emp
$1,100 $0 $1,100
ROOSEVELT HOLDING Trustee 2.000
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
2022 $4,225 $56,129 $240,926 $-51,904
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