Providence, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $222,274 | $151,024 | +0.5% |
| Expenses | $221,377 | $46,148 | +3.8% |
| Net Income | $897 | $104,876 | -1.0% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $222,274 | $221,377 | $255,234 | $897 |
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