New Life Institute Inc

EIN: 742427372 501(c)(3)

Austin, TX

Total Revenue
$76,440
Total Expenses
$92,561
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
TX
Tax Period
2023-01-01 to 2023-12-31

New Life Institute Inc, founded in 1985, is a micro nonprofit that reported $76K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 21% operating deficit.

Mission

Dedicated to changing lives by providing professional counseling services regardless of the individuals ability to pay.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,047
Program Service Revenue $71,384
Investment Income $9
Other Revenue $0
TOTAL REVENUE $76,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $31,427
Fundraising Expenses $0
Program Expenses $85,071
Other Expenses $61,134
TOTAL EXPENSES $92,561

Year-over-Year Comparison

2023 2022 Change
Revenue $76,440 $115,352 -0.3%
Expenses $92,561 $137,310 -0.3%
Net Income $-16,121 $-21,958 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
1
Volunteers
5

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jackie Freeman Board Member 2023 4.00
Director
$0 $0 $0
Leo Collas Board Member 2.50
Director
$0 $0 $0
Raymond Hawkins Chairman 2023 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
2023 $76,440 $92,561 No data $-16,121
2022 $115,352 $137,310 $18,922 $-21,958
2021 $177,927 $172,645 $41,187 $5,282
2020 $225,330 $200,733 $41,398 $24,597
2019 $185,842 $193,870 $11,001 $-8,028
2018 $207,264 $225,209 $19,432 $-17,945
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare New Life Institute Inc with other nonprofits in Texas and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.