NEW CREATION LIFE MINISTRIES INC (EIN 843314072) - 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

2019

Legal Domicile

Phone

4084469427

Tax Period

2024-01-01 to 2024-12-31

NEW CREATION LIFE MINISTRIES INC, founded in 2019, is a small nonprofit in the Religion sector that reported $398K in total revenue in fiscal year 2024.

Mission

NCLM IS A FAITH-BASED CHRISTIAN ORGANIZATION TO PROVIDE DISCIPLESHIP TRAINING AND EQUIPPING CHURCH LEADERS AROUND THE WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $335,149

Program Service Revenue $59,000

Investment Income $1,281

Other Revenue $2,390

TOTAL REVENUE $397,820

Expense Breakdown

Grants Paid $0

Salaries & Benefits $224,125

Fundraising Expenses $0

Program Expenses $385,253

Other Expenses $204,702

TOTAL EXPENSES $428,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$397,820	$411,201	0.0%
Expenses	$428,827	$392,229	+0.1%
Net Income	$-31,007	$18,972	-2.6%

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

N/A

Employees

N/A

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

$49,920

Total Directors

$109,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY JU	CEO	40.00	Officer Director	$49,920	$0	$49,920
STEVE HSIA	BOARD OF DIRECTOR	40.00	Director	$17,400	$0	$17,400
JHYPING SHAW	CFO	5.00	Officer	$0	$0	$0
YUIT CHUI MOK	BOARD OF DIRECTOR	20.00	Director	$0	$0	$0
JAMES N WANG	BOARD OF DIRECTOR	40.00	Director	$42,120	$0	$42,120
YITSUNG L CHENG	SECRETARY	10.00	Officer 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
2024	$397,820	$428,827	$241,271	$-31,007
2024	$397,820	$428,827	$241,271	$-31,007
2023	$411,201	$392,229	$268,015	$18,972
2022	$298,823	$254,015	$245,283	$44,808
2021	$301,872	$236,937	$200,475	$64,935
2020	$219,380	$87,075	$135,335	$132,305

NEW CREATION LIFE MINISTRIES INC