New Day Ministries of Virginia

EIN: 833419618 501(c)(3) Religion

Martinsville, VA

Total Revenue
$207,970
Total Expenses
$152,697
Total Assets
$130,191
Net Assets
$130,191
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
Chad Hall
Phone
2763409289
Tax Period
2021-01-01 to 2021-12-31

New Day Ministries of Virginia, founded in 2019, is a small nonprofit in the Religion sector that reported $208K in total revenue in fiscal year 2021. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $55K, a strong 27% operating margin.

Mission

Religious Organization with Judeo - Christian FOcus

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $207,954
Program Service Revenue $0
Investment Income $16
Other Revenue $0
TOTAL REVENUE $207,970

Expense Breakdown

Grants Paid $2,218
Salaries & Benefits $24,200
Fundraising Expenses $0
Program Expenses $2,218
Other Expenses $110,934
TOTAL EXPENSES $152,697

Year-over-Year Comparison

2021 2020 Change
Revenue $207,970 $175,908 +0.2%
Expenses $152,697 $83,437 +0.8%
Net Income $55,273 $92,471 -0.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
N/A
Employees
N/A
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
2
$24,200
Total Directors
1
$24,200
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chad Hall President 020.00
Officer Director
$24,200 $0 $24,200
Melodie Hall Secretary 015.00
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
2021 $207,970 $152,697 $130,191 $55,273
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