NEW LIFE FOR A NEW GENERATION (EIN 800115750) - 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

2016

Legal Domicile

Principal Officer

MARQUICA REED

Phone

2105639011

Tax Period

2022-09-01 to 2023-08-31

NEW LIFE FOR A NEW GENERATION, founded in 2016, is a small nonprofit in the Human Services sector that reported $236K in total revenue in fiscal year 2022. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $267K exceeded revenue, resulting in a 14% operating deficit.

Mission

GENERATION IS TO MAKE SUBSTANTIAL AND LASTING IMPROVEMENTS TO ENHANCE THE QUALITY OF LIFE BY PROVIDING EDUCATION, REFERRALS, MATERIALS ASSISTANCE AND SUPPORT SERVICES TO FAMILIES WHO ARE VICTIMS OF POVERTY AND ABUSE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,993

Investment Income $0

Other Revenue $231,540

TOTAL REVENUE $235,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $143,489

Fundraising Expenses $0

Program Expenses $231,060

Other Expenses $123,997

TOTAL EXPENSES $267,486

Year-over-Year Comparison

	2022	2021	Change
Revenue	$235,533	$343,119	-0.3%
Expenses	$267,486	$456,527	-0.4%
Net Income	$-31,953	$-113,408	-0.7%

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

$24,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARQUICA REED	PRESIDENT &	38.00	Officer Director	$24,000	$0	$24,000
LATONYA WHITLEY	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
CARLENE HARDAWAY	TREASURER	5.00	Officer Director	$0	$0	$0
DARLENE KEARNEY	SECRETARY	5.00	Officer 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	$235,533	$267,486	$22,631	$-31,953
2022	$343,119	$456,527	$21,511	$-113,408
2019	$568,608	$555,304	$9,104	$13,304

NEW LIFE FOR A NEW GENERATION