NEW LIFE MISSION FOUNDATION (EIN 593771375) - 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

2004

Legal Domicile

Principal Officer

YOUNG CHA PARK

Phone

3232529989

Tax Period

2024-01-01 to 2024-12-31

NEW LIFE MISSION FOUNDATION, founded in 2004, is a micro nonprofit in the Religion sector that reported $30K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $122K exceeded revenue, resulting in a 306% operating deficit.

Mission

NEW LIFE MISSION FOUNDATION WILL PERFORM MISSION WORK BY SUPPORTING MISSIONARIES,LEADERSHIP TRAINING, PLANTING CHURCHES, AND PROPCLAIMING THE GOSPEL OF JESUS CHRIST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,200

Program Service Revenue $0

Investment Income $27,865

Other Revenue $0

TOTAL REVENUE $30,065

Expense Breakdown

Grants Paid $112,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $119,102

Other Expenses $9,926

TOTAL EXPENSES $121,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,065	$21,041	+0.4%
Expenses	$121,926	$95,486	+0.3%
Net Income	$-91,861	$-74,445	+0.2%

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

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
YOUNG CHA PARK	PRESIDENT	5.00	Director	$0	$0	$0
JUNG SOOK KAHM	DIRECTOR	2.00	Director	$0	$0	$0
SUNG KI JOO	DIRECTOR	2.00	Director	$0	$0	$0
JONG YUL JOO	DIRECTOR	2.00	Director	$0	$0	$0
EUNN HYUNG KIM	DIRECTOR	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	$30,065	$121,926	$734,168	$-91,861
2023	$21,041	$95,486	$826,029	$-74,445
2022	$92,866	$284,294	$900,474	$-191,428
2021	$105,427	$338,981	$1,091,904	$-233,554
2020	$160,093	$178,488	$1,325,458	$-18,395
2019	$106,175	$109,994	$1,343,853	$-3,819
2018	$34,739	$138,080	$1,347,672	$-103,341

NEW LIFE MISSION FOUNDATION