New Life Ministries - Indiana Inc (EIN 824403740) - 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

2020

Legal Domicile

Principal Officer

James Staton

Tax Period

2023-01-01 to 2023-12-31

New Life Ministries - Indiana Inc, founded in 2020, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $373K in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. Expenses of $332K left a modest 11% surplus.

Mission

To serve those in need of food, shelter, and a purpose-filled life.

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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 (2023)

Revenue Breakdown

Contributions & Grants $390,455

Program Service Revenue $0

Investment Income $0

Other Revenue $-17,796

TOTAL REVENUE $372,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $175,635

Fundraising Expenses $177

Program Expenses $231,855

Other Expenses $156,630

TOTAL EXPENSES $332,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$372,659	$239,654	+0.6%
Expenses	$332,265	$276,271	+0.2%
Net Income	$40,394	$-36,617	-2.1%

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

415

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

$25,285

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Staton	President	10.00	Officer	$16,885	$0	$16,885
Philip Marlow	Vice President	7.00	Officer	$6,600	$0	$6,600
Scott Thorn	Treasurer Secretary	10.00	Officer	$1,800	$0	$1,800
Phil Fisher	Director	5.00	Director	$0	$0	$0
Ashley Radosevich	Director	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$372,659	$332,265	$76,389	$40,394
2022	$239,654	$276,271	$36,585	$-36,617
2021	$297,853	$265,287	$69,860	$32,566

New Life Ministries - Indiana Inc