NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE (EIN 541514192) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1986

Legal Domicile

Phone

7574200945

Tax Period

2023-01-01 to 2023-12-31

NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE, founded in 1986, is a small nonprofit in the Human Services sector that reported $211K in total revenue in fiscal year 2018. Revenue decreased 8% compared to the prior year.

Mission

CHRISTIAN BASED EDUCATION

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $206,588

Investment Income $0

Other Revenue $0

TOTAL REVENUE $206,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,613

Fundraising Expenses $0

Program Expenses $250,920

Other Expenses $65,649

TOTAL EXPENSES $255,262

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,588	$402,615	-0.5%
Expenses	$255,262	$302,361	-0.2%
Net Income	$-48,674	$100,254	-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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

$35,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENE COWAN II	SENIOR PASTOR	3.00	Director	$0	$0	$0
GREGORY BRIDDELL	EXECUTIVE PASTOR	2.00	Director	$0	$0	$0
CLAYBORNE PERRY	MEMBER	2.00	Director	$0	$0	$0
SHRAMIA COWAN	EXEC DIRECTOR	45.00	Key Emp	$35,500	$0	$35,500
DONNA BAGNALL	MEMBER	2.00	Director	$0	$0	$0
WILLIE LEE	MEMBER	2.00	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
2024	No data	No data	No data	No data
2023	$206,588	$255,262	$220,879	$-48,674
2023	$205,059	$253,734	$220,879	$-48,675
2022	$402,615	$302,361	$269,094	$100,254
2021	$211,788	$150,354	$168,526	$61,434
2020	$92,409	$129,030	$108,645	$-36,621
2019	$235,864	$233,260	$111,125	$2,604
2018	$210,714	$217,210	$107,883	$-6,496

NEW LIGHT BAPTIST SCHOOL OF EXCELLENCE