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.
The corporation is organized exclusively for religious purposes under Section 501(c)(3) of the Internal Revenue Code. Its mission is to establish and oversee places of worship, preach and teach the Gospel, conduct evangelistic and humanitarian outreach, license and ordain ministers, and carry out activities necessary to support these religious objectives.
New Way Church conducts a variety of religious and charitable programs designed to advance its mission. These programs include weekly worship services, Bible teaching, prayer meetings, discipleship...
New Way Church conducts a variety of religious and charitable programs designed to advance its mission. These programs include weekly worship services, Bible teaching, prayer meetings, discipleship and leadership development, pastoral counseling, and evangelistic outreach. The church also provides community-focused ministries such as assistance to individuals and families in need, spiritual guidance, community prayer initiatives, and volunteer-led outreach activities intended to support and strengthen the surrounding community. These programs are carried out primarily through volunteers, pastors, elders, deacons, and ministry leaders who serve the church and community through various ministries and activities.
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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