New Life Foundation (EIN 621151489) - 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

1982

Legal Domicile

Principal Officer

Christopher Kelly

Phone

6159730281

Tax Period

2024-07-01 to 2025-06-30

New Life Foundation, founded in 1982, is a micro nonprofit that reported $80K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $170K exceeded revenue, resulting in a 112% operating deficit.

Mission

The purpose of New Life Foundation is to provide alcoholism treatment facilities that are dedicated to two goals providing additional beds for treatment of alcoholics and providing treatments at reasonable costs.

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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 $200

Program Service Revenue $39,980

Investment Income $40,126

Other Revenue $0

TOTAL REVENUE $80,306

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,734

Fundraising Expenses $0

Program Expenses $84,469

Other Expenses $120,734

TOTAL EXPENSES $170,468

Year-over-Year Comparison

	2024	2023	Change
Revenue	$80,306	$91,139	-0.1%
Expenses	$170,468	$147,476	+0.2%
Net Income	$-90,162	$-56,337	+0.6%

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

$30,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Foy Gilliland	CEO	040.00	Officer	$30,000	$0	$30,000
Christopher Kelly	Chairman	002.00	Officer Director	$0	$0	$0
Debra Marnhout	Vice Chairman	006.00	Officer Director	$0	$0	$0
Dede Corrieri	Secretary / Treasurer	003.00	Officer Director	$0	$0	$0
Wilton Burnett Jr	Director	002.00	Director	$0	$0	$0
Lewis Burnett	Director	002.00	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
2025	$80,306	$170,468	$1,365,977	$-90,162
2024	$91,139	$147,476	$1,436,871	$-56,337
2023	$110,136	$109,568	$1,476,391	$568
2022	$89,626	$106,963	$1,475,550	$-17,337
2021	$854,604	$100,391	$1,510,307	$754,213
2020	$99,486	$111,349	$755,145	$-11,863
2019	$109,955	$118,040	$767,083	$-8,085
2018	$109,067	$149,432	$774,770	$-40,365

New Life Foundation