NEW LIFE TN (EIN 621062771) - 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

1979

Legal Domicile

Principal Officer

JANIE LOVETT

Phone

9319670100

Tax Period

2024-07-01 to 2025-06-30

NEW LIFE TN, founded in 1979, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2024. Expenses of $3.8M left a modest 12% surplus.

Mission

TO FOSTER, DEVELOP, PROMOTE, AND OPERATE A COMBINATION OF FORMAL PROGRAMS, SERVICES, AND APPROPRIATE SUPPORTS OVER A SUSTAINED PERIOD THAT WILL MAXIMIZE THE QUALITY OF LIFE AND FUNCTIONAL ABILITIES FOR INTELLECTUALLY AND DEVELOPMENTALLY DISABLED CITIZENS OF FRANKLIN COUNTY.

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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 $27,175

Program Service Revenue $3,809,738

Investment Income $153,159

Other Revenue $284,856

TOTAL REVENUE $4,274,928

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,075,782

Fundraising Expenses $0

Program Expenses $3,552,309

Other Expenses $700,106

TOTAL EXPENSES $3,775,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,274,928	$4,029,284	+0.1%
Expenses	$3,775,888	$3,752,652	+0.0%
Net Income	$499,040	$276,632	+0.8%

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JANIE LOVETT	Chairman	Director	$0	$0	$0
GEORGE LUCAS	Director	Director	$0	$0	$0
DIAN RELFORD	Director	Director	$0	$0	$0
JEANNIE BATES	Director	Director	$0	$0	$0
MIKE WELCH	Director	Director	$0	$0	$0
GRANT GIPSON	Director	Director	$0	$0	$0
SANDRA THOMAS	Director	Director	$0	$0	$0
KRISTIE BELL	Director	Director	$0	$0	$0
ALENE COWAN	Director	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
2025	$4,274,928	$3,775,888	$7,393,160	$499,040
2024	$4,029,284	$3,752,652	$6,865,073	$276,632
2023	$3,737,745	$3,444,842	$6,541,545	$292,903
2022	$3,193,625	$2,972,339	$6,195,002	$221,286
2021	$3,273,560	$3,013,848	$5,951,032	$259,712

NEW LIFE TN