NEW HOPE CHRISTIAN ACADEMY

EIN: 621612178 501(c)(3) Education

MEMPHIS, TN

Total Revenue
$7,168,987
Total Expenses
$7,419,685
Total Assets
$6,222,190
Net Assets
$4,800,718
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
TN
Principal Officer
LIONEL CABLE
Phone
9013583183
Tax Period
2024-07-01 to 2025-06-30

NEW HOPE CHRISTIAN ACADEMY, founded in 1995, is a community nonprofit in the Education sector that reported $7.2M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

Mission

COLLEGE PREPARATORY ELEMENTARY EDUCATION

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,450,347
Program Service Revenue $2,622,941
Investment Income $95,699
Other Revenue $0
TOTAL REVENUE $7,168,987

Expense Breakdown

Grants Paid $1,230,664
Salaries & Benefits $4,541,494
Fundraising Expenses $103,448
Program Expenses $6,408,409
Other Expenses $1,647,527
TOTAL EXPENSES $7,419,685

Year-over-Year Comparison

2024 2023 Change
Revenue $7,168,987 $9,012,041 -0.2%
Expenses $7,419,685 $7,571,344 0.0%
Net Income $-250,698 $1,440,697 -1.2%
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

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Governance

Voting Members
15
Independent Members
15
Employees
97
Volunteers
70

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
3
$319,723
Total Directors
16
$202,432
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN BENNETT BOARD MEMBER 1.00
Director
$0 $0 $0
ELLIOT PERRY BOARD MEMBER 1.00
Director
$0 $0 $0
MURFF GALBREATH BOARD MEMBER 1.00
Director
$0 $0 $0
TORI THOMAS BOARD MEMBER 1.00
Director
$0 $0 $0
MARCUS LEWIS BOARD MEMBER 1.00
Director
$0 $0 $0
MANKEN CHIGAWA BOARD MEMBER 1.00
Director
$0 $0 $0
JANET GERBER BOARD MEMBER 1.00
Director
$0 $0 $0
PRESTON ALBERTINE BOARD MEMBER 1.00
Director
$0 $0 $0
MEKEL HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTEN HILL BOARD MEMBER 1.00
Director
$0 $0 $0
BETSY BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
ADRIAN BLACKNEY BOARD MEMBER 1.00
Director
$0 $0 $0
AMBER BRYAN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMEKA WALLACE BOARD MEMBER 1.00
Director
$0 $0 $0
LIONEL CABLE HEAD OF SCHOOL 50.00
Officer Director
$178,699 $23,733 $202,432
ISAAC BYRD CHAIRMAN 1.00
Officer Director
$0 $0 $0
KATHY WILLIAMS CHIEF FINANCIAL OFFICER 40.00
Officer
$107,586 $9,705 $117,291
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 $7,168,987 $7,419,685 $6,222,190 $-250,698
2024 $9,012,041 $7,571,344 $6,655,629 $1,440,697
2023 $5,545,067 $8,347,035 $5,165,012 $-2,801,968
2022 $8,286,801 $6,998,873 $8,079,845 $1,287,928
2021 $2,867,076 $6,959,343 $7,158,556 $-4,092,267
2020 $1,763,904 $6,890,783 $10,454,322 $-5,126,879
2019 $1,767,145 $6,590,817 $16,668,657 $-4,823,672
2018 $1,935,072 $6,508,101 $22,148,261 $-4,573,029
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