NEW LIFE DAY SCHOOL

EIN: 474184940 501(c)(3) Education

GALVESTON, TX

Total Revenue
$590,488
Total Expenses
$627,992
Total Assets
$673,815
Net Assets
$565,909
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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
2015
Legal Domicile
TX
Principal Officer
JOSEFINA GOMEZ
Phone
4097442581
Tax Period
2024-01-01 to 2024-12-31

NEW LIFE DAY SCHOOL, founded in 2015, is a small nonprofit in the Education sector that reported $590K in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

THE PURPOSE OF THE ORGINIZATION IS TO PROVIDE A WEEKDAY SERVICE MINISTRY TO CHILDREN AND THEIR FAMILIES, PROVIDE BILINGUAL(ENGLISH/SPANISH) EDUCATIONAL FOUNDATION, AND TO OFFER QUALITY PROGRAMS FOR THE DEVELOPMENTAL NEEDS OF EACH CHILD

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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 $1,682
Program Service Revenue $584,025
Investment Income $0
Other Revenue $4,781
TOTAL REVENUE $590,488

Expense Breakdown

Grants Paid $0
Salaries & Benefits $384,027
Fundraising Expenses $0
Program Expenses $488,038
Other Expenses $243,965
TOTAL EXPENSES $627,992

Year-over-Year Comparison

2024 2023 Change
Revenue $590,488 $901,262 -0.3%
Expenses $627,992 $577,032 +0.1%
Net Income $-37,504 $324,230 -1.1%
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
5
Independent Members
5
Employees
16
Volunteers
7

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
5
$0
Total Directors
6
$66,822
Key Employees
1
$66,822
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANA BALTAZAR-ALDAMA OFFICER 0.00
Officer Director
$0 $0 $0
DR VIVIAN HERNANDEZ OFFICER 0.00
Officer Director
$0 $0 $0
ELSA M HERNANDEZ OFFICER 0.00
Officer Director
$0 $0 $0
ELSA DOMINGUEZ OFFICER 0.00
Officer Director
$0 $0 $0
REV DAVID J GOMEZ OFFICER 0.00
Officer Director
$0 $0 $0
MARIA J GOMEZ DIRECTOR 40.00
Director Key Emp
$66,822 $0 $66,822
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 $590,488 $627,992 $473,817 $-37,504
2024 $590,488 $627,992 $673,815 $-37,504
2023 $901,262 $577,032 $716,566 $324,230
2022 $663,995 $580,199 $389,661 $83,796
2021 $574,118 $571,139 $305,250 $2,979
2020 $778,523 $706,956 $300,312 $71,567
2019 $794,372 $821,576 $142,326 $-27,204
2018 $760,680 $672,726 No data $87,954
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