New Life Apostolic Ministries Inc

EIN: 825377171 501(c)(3) Religion

Coralville, IA

Total Revenue
$180,620
Total Expenses
$150,985
Total Assets
$525,156
Net Assets
$145,861
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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
2018
Legal Domicile
IA
Tax Period
2023-01-01 to 2023-12-31

New Life Apostolic Ministries Inc, founded in 2018, is a small nonprofit in the Religion sector that reported $181K in total revenue in fiscal year 2023. The organization ran a surplus of $30K, a strong 16% operating margin.

Mission

Spiritual Health

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $178,807
Investment Income $67
Other Revenue $1,746
TOTAL REVENUE $180,620

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $150,985
Other Expenses $150,985
TOTAL EXPENSES $150,985

Year-over-Year Comparison

2023 2022 Change
Revenue $180,620 N/A N/A
Expenses $150,985 N/A N/A
Net Income $29,635 N/A N/A
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
4
Independent Members
4
Employees
2
Volunteers
N/A

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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Danielle Thompson Treasurer 5.00
Officer
$0 $0 $0
Shannon M Perteit Director 5.00
Officer
$0 $0 $0
Bronis Perteit President 5.00
Officer
$0 $0 $0
Chenette Thompson Secretary 5.00
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
2024 No data No data No data No data
2023 $180,620 $150,985 $525,156 $29,635
2022 $152,894 $124,074 $547,207 $28,820
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