NEW LIFE HOUSE

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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

2004

Legal Domicile

Tax Period

2022-01-01 to 2022-12-31

NEW LIFE HOUSE, founded in 2004, is a micro nonprofit in the Mental Health sector that reported $34K in total revenue in fiscal year 2022.

Mission

HOUSING FOR FORMER ADDICTS HALF WAY HOUSING

Program Service Accomplishments

Program 1

Expenses: $32,738 Revenue: $33,509

TO PROVIDE HOUSING TO FORMER ADDICTS. HALF WAY HOUSING CLOSE TO 50 INDIVIDUALS THAT ARE ADDICTS AND OR OTHER TROUBLED PROBLEMS. DURING THIS TIME WE PROVIDE SUPPORT GROUPS AND HELP GUIDE THEM TO BEING...

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $33,509

Investment Income $0

Other Revenue $0

TOTAL REVENUE $33,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,738

Other Expenses $32,738

TOTAL EXPENSES $32,738

Year-over-Year Comparison

	2022	2021	Change
Revenue	$33,509	$33,664	0.0%
Expenses	$32,738	$28,290	+0.2%
Net Income	$771	$5,374	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOPHIE A UNDERWOOD	VICE-PRESIDENT	40.00	Officer	$0	$0	$0
RICKY UNDERWOOD	PRESIDENT	40.00	Officer	$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	$33,509	$32,738	$7,869	$771
2021	$28,314	$28,290	$7,846	$24
2020	$24,035	$25,678	$7,841	$-1,643
2019	$23,536	$24,770	$9,476	$-1,234
2018	$37,976	$39,750	$8,465	$-1,774