NEW WAY CHURCH

EIN: 845019737 501(c)(3) Religion

Providence, RI

Total Revenue
$222,274
Total Expenses
$221,377
Total Assets
$255,234
Net Assets
$234,948
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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
RI
Principal Officer
Hector Junior Cabrera
Phone
4013096745
Tax Period
2025-01-01 to 2025-12-31

NEW WAY CHURCH, founded in 2020, is a small nonprofit in the Religion sector that reported $222K in total revenue in fiscal year 2025. Revenue surged 47% from the prior year, signaling strong growth momentum.

Mission

New Way Church is a Christian religious organization dedicated to establishing and overseeing places of worship, teaching and preaching the Gospel of Jesus Christ, discipling believers, conducting evangelistic outreach, providing spiritual counseling and support to individuals and families, and engaging in humanitarian and community assistance activities consistent with Section 501(c)(3) of the Internal Revenue Code. The church exists to advance the Christian faith and to serve the spiritual and practical needs of the community.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $222,274
Investment Income $0
Other Revenue $0
TOTAL REVENUE $222,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $91,330
Fundraising Expenses $0
Program Expenses $205,395
Other Expenses $130,047
TOTAL EXPENSES $221,377

Year-over-Year Comparison

2025 2024 Change
Revenue $222,274 $151,024 +0.5%
Expenses $221,377 $46,148 +3.8%
Net Income $897 $104,876 -1.0%
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
20
Independent Members
20
Employees
2
Volunteers
162

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hector Junior Cabrera President / Sr Pastor / Overseer 80.00
Officer Director
$0 $0 $0
Franklin Morillo Montas Treasurer 40.00
Officer Director
$0 $0 $0
Milena Taveras Vice-President / Sr Pastor 40.00
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
2025 $222,274 $221,377 $255,234 $897
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