NEW HORIZON MINISTRIES INC (EIN 570899274) - Form 990 Financial Analysis & Trantor Score

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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

1989

Legal Domicile

Principal Officer

RONNIE CRUDUP JR

Phone

6013715070

Tax Period

2023-10-01 to 2024-09-30

NEW HORIZON MINISTRIES INC, founded in 1989, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO BE A LIGHT IN METRO JACKSON AND HELP TO THE PEOPLE OF MISSISSIPPI THROUGH A NUMBER OF PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $756,553

Program Service Revenue $597,132

Investment Income $-29,647

Other Revenue $0

TOTAL REVENUE $1,324,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $397,710

Fundraising Expenses $69,724

Program Expenses $1,148,674

Other Expenses $1,069,617

TOTAL EXPENSES $1,467,327

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,324,038	$1,035,875	+0.3%
Expenses	$1,467,327	$973,493	+0.5%
Net Income	$-143,289	$62,382	-3.3%

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

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

$150,898

Total Directors

$106,106

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL WASHINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CASSANDRA MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
GLEN DACE	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELINE VANN	CFO	20.00	Officer Director	$14,891	$0	$75,348
RONNIE CRUDUP SR	CHAIRMAN	5.00	Officer Director	$5,150	$0	$30,758
TAMIKO SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
RONNIE CRUDUP JR	EXECUTIVE DIRECTOR	40.00	Officer	$44,792	$0	$44,792

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	$1,324,038	$1,467,327	$4,442,937	$-143,289
2023	$1,035,875	$973,493	$4,701,004	$62,382
2022	$1,501,102	$1,212,727	$4,631,652	$288,375
2021	$1,088,237	$976,974	$4,336,505	$111,263

NEW HORIZON MINISTRIES INC