NEW LIFE GLOBAL MINISTRIES INC (EIN 813878672) - 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

GARY WILLETT

Phone

3042237848

Tax Period

2025-01-01 to 2025-12-31

NEW LIFE GLOBAL MINISTRIES INC, founded in 2016, is a small nonprofit in the Religion sector that reported $467K in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $399K left a modest 15% surplus.

Mission

RELIGIOUS EDUCATION, TRAINING AND MISSION

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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 (2025)

Revenue Breakdown

Contributions & Grants $466,116

Program Service Revenue $0

Investment Income $1,216

Other Revenue $0

TOTAL REVENUE $467,332

Expense Breakdown

Grants Paid $39,037

Salaries & Benefits $253,109

Fundraising Expenses $26,167

Program Expenses $353,875

Other Expenses $106,584

TOTAL EXPENSES $398,730

Year-over-Year Comparison

	2025	2024	Change
Revenue	$467,332	$423,216	+0.1%
Expenses	$398,730	$429,897	-0.1%
Net Income	$68,602	$-6,681	-11.3%

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

$129,380

Total Directors

$80,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY WILLETT	EXECUTIVE DIRECTOR	40.00	Officer Director	$25,580	$55,000	$80,580
TRACY WILLETT	DIRECTOR OF MINISTRY PARTNER DEV	40.00	Officer	$32,800	$0	$32,800
RYAN MCFARLAND	DIRECT OF ADMINSTRATION	15.00	Officer	$16,000	$0	$16,000
BILLY HAINES	MEMBER	1.00	Director	$0	$0	$0
RICK CALDWELL	MEMBER	1.00	Director	$0	$0	$0
JEFF HISSAM	MEMBER	1.00	Director	$0	$0	$0
RICK WARE	DIRECTOR OF GLOBAL OPERATIONS	20.00	Officer Director	$0	$0	$0
JEANE WARE	DIRECTOR OF PRAYER	20.00	Officer	$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	$467,332	$398,730	$342,606	$68,602
2024	$423,216	$429,897	$271,359	$-6,681
2023	$418,087	$371,600	$281,117	$46,487
2022	$392,703	$379,800	$240,149	$12,903
2021	$314,988	$300,375	$216,698	$14,613
2020	$273,630	$227,010	$176,161	$46,620
2019	$236,056	$214,756	$126,044	$21,300
2018	$241,827	$183,385	$135,643	$58,442

NEW LIFE GLOBAL MINISTRIES INC