New Beginnings Life Changing Network Inc (EIN 611477558) - 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

Principal Officer

Nicole Harris

Phone

4042980888

Tax Period

2024-01-01 to 2024-12-31

New Beginnings Life Changing Network Inc is a small nonprofit in the Education sector that reported $920K in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

Strengthening youth and their families by providing them a chance at a new beginning while encouraging positive, life-changing decisions that will empower them to reach their destiny despite their current situations.

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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 $0

Program Service Revenue $920,209

Investment Income $0

Other Revenue $0

TOTAL REVENUE $920,209

Expense Breakdown

Grants Paid $0

Salaries & Benefits $287,248

Fundraising Expenses $0

Program Expenses $567,514

Other Expenses $733,962

TOTAL EXPENSES $1,021,210

Year-over-Year Comparison

	2024	2023	Change
Revenue	$920,209	$1,461,466	-0.4%
Expenses	$1,021,210	$1,491,148	-0.3%
Net Income	$-101,001	$-29,682	+2.4%

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

N/A

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

$57,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nicole Harris	President	10.00	Officer	$57,800	$0	$57,800
Dee Dawkins-Hagler	Trustee	5.00	Director	$0	$0	$0
Pastor Jesse Curney III	Trustee	5.00	Director	$0	$0	$0
Chandra Thornton	Trustee	5.00	Director	$0	$0	$0
Christ Leopold	Trustee	5.00	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	$920,209	$1,021,210	$608,366	$-101,001
2023	$1,461,466	$1,491,148	$1,014,742	$-29,682
2022	$1,429,889	$1,429,579	$680,902	$310
2021	$1,469,283	$1,459,022	$724,318	$10,261
2020	$2,149,757	$2,118,205	$216,329	$31,552
2019	$2,176,815	$2,165,833	$105,543	$10,982
2018	$2,242,807	$2,233,443	$101,258	$9,364

New Beginnings Life Changing Network Inc