BETTER NEW LIFE FOUNDATION

EIN: 831658493 501(c)(3) Human Services

IRVINE, CA

Total Revenue
$690,014
Total Expenses
$2,296
Total Assets
$747,718
Net Assets
$747,718
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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
CA
Principal Officer
HOANG TRAN NGUYEN
Phone
7145317929
Tax Period
2019-01-01 to 2019-12-31

BETTER NEW LIFE FOUNDATION, founded in 2018, is a small nonprofit in the Human Services sector that reported $690K in total revenue in fiscal year 2019. The organization ran a surplus of $688K, a strong 100% operating margin.

Mission

Better New Life Foundation (BLF) supports people in need by raising critical funds for food security to women, children, and those in assisted living as well as provide job training and employment opportunities for the community at large. By looking for and working towards sustainable solutions, BNLF aims to contribute towards meaningful change.

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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 (2019)

Revenue Breakdown

Contributions & Grants $690,000
Program Service Revenue $0
Investment Income $14
Other Revenue $0
TOTAL REVENUE $690,014

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,296
TOTAL EXPENSES $2,296

Year-over-Year Comparison

2019 2018 Change
Revenue $690,014 N/A N/A
Expenses $2,296 N/A N/A
Net Income $687,718 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
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
HOANG TRAN NGUYEN CEO 0.00
Director
$0 $0 $0
MY NGOC NGUYEN Secretary 0.00
Director
$0 $0 $0
LAN NGUYEN CFO 0.00
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
2019 $690,014 $2,296 $747,718 $687,718
2018 $60,000 No data $60,000 No data
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