NEWMAN LIVING

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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

Tax Period

2023-07-01 to 2024-06-30

NEWMAN LIVING, founded in 2020, is a small nonprofit that reported $650K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE FOR THE INTELLECTUAL, MORAL, AND RELIGIOUS CARE ANDINSTRUCTION OF YOUNG MEN AND WOMEN, STUDENTS AT NDSU, AND SUCHRELIGIOUS, SCHOOL AND RELIGIOUS BENEFICENT AND CHARITABLE OBJECTS,PURPOSES AND ACTIVITIES AS MAY BE CONDUCIVE TO OR CONSISTENT WITH SUCH

Program Service Accomplishments

Program 1

Expenses: $663,939 Revenue: $613,937

HOUSING:NEWMAN LIVING OFFERS FAITH BASED HOUSING TO COLLEGE STUDENTS IN THEFARGO/MOORHEAD AREA. THIS PROVIDES STUDENTS WITH A PLACE TO GROW WITHOTHER STUDENTS WITH SIMILAR VALUES AND BELIEFS. MANY...

HOUSING:NEWMAN LIVING OFFERS FAITH BASED HOUSING TO COLLEGE STUDENTS IN THEFARGO/MOORHEAD AREA. THIS PROVIDES STUDENTS WITH A PLACE TO GROW WITHOTHER STUDENTS WITH SIMILAR VALUES AND BELIEFS. MANY STUDENTS STRUGGLETO PRACTICE THEIR FAITH OR ARE IN CONSTANT CONTACT WITH THOSE WHOATTACK THEM FOR THEIR BELIEFS; NEWMAN LIVING OFFERS A SAFE PLACE FORTHEM TO PRACTICE THEIR BELIEFS AND PLACE THEM WITH ROOMMATES WHO SHARESIMILAR BELIEFS SO THAT THEY CAN GROW TOGETHER. NEWMAN LIVING ALSOCHALLENGES STUDENTS TO PERFORM WITH EXCELLENCE IN THEIR STUDIES, INTHEIR RELATIONSHIPS, AND IN THEIR RELIGIOUS BELIEFS BY PARTNERING WITHST. PAULS NEWMAN CENTER TO OFFER RETREATS, FORMATION CLASSES ANDMATERIALS, AND 24/7 ACCESS TO THE CHAPEL WHERE THEY CAN PRAY AND KNOW

Program 2

Revenue: $1,100

ACTIVITIES/EVENTS:NEWMAN LIVING OFFERS MONTHLY EVENTS AND ACTIVITIES WHERE TENANTS AREABLE TO GET TO KNOW EACH OTHER BETTER AND BUILD COMMUNITY. HAVING THATCOMMUNITY IS EXTREMELY IMPORTANT TO...

ACTIVITIES/EVENTS:NEWMAN LIVING OFFERS MONTHLY EVENTS AND ACTIVITIES WHERE TENANTS AREABLE TO GET TO KNOW EACH OTHER BETTER AND BUILD COMMUNITY. HAVING THATCOMMUNITY IS EXTREMELY IMPORTANT TO STUDENTS SO THAT THEY HAVE OTHERSTO TURN TO IN TIMES OF CHALLENGES AND DIFFICULTIES. COMMUNITY ALSO ACTSAS ACCOUNTABILITY PARTNERS DURING THEIR JOURNEY THROUGH COLLEGE. PARTOF THE COLLEGE EXPERIENCE IS TO LEARN TO MAKE GOOD CHOICES IN YOUR LIFEAND HAVING VIRTUOUS ROOMMATES AND NEIGHBORS HELP STEER TENANTS TO THECHOICES THAT ARE RIGHT AND GOOD. THE ACTIVITIES AND EVENTS THAT NEWMANLIVING HOSTS ALSO DEMONSTRATE TO STUDENTS THAT THEY CAN HAVE FUN AND AGOOD TIME WITHOUT FACTORS THAT CAN CAUSE HARM: ALCOHOL, DRUGS,GAMBLING, ETC. FUTURE EVENTS ARE BEING PLANNED TO HELP BREAK THE ICE

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $615,037

Investment Income $34,710

Other Revenue $0

TOTAL REVENUE $649,747

Expense Breakdown

Grants Paid $24,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $663,939

Other Expenses $656,608

TOTAL EXPENSES $680,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$649,747	$498,947	+0.3%
Expenses	$680,808	$453,879	+0.5%
Net Income	$-31,061	$45,068	-1.7%

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

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

$37,008

Total Directors

$69,803

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV JAMES CHENEY	BOARD MEMBER	0.25	Officer Director	$0	$0	$37,008
ANDREW NIELSON	PROPERTY MANAGER	25.00	Director	$0	$0	$32,795
TIFFANY GOERING	SECRETARY	0.25	Officer Director	$0	$0	$0
JON SWEGARDEN	TREASURER	0.25	Officer Director	$0	$0	$0
BISHOP JOHN T FOLDA	PRESIDENT	0.25	Officer Director	$0	$0	$0
MSGR JOSEPH GOERING	VICE PRESIDENT	0.25	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	$649,747	$680,808	$130,240	$-31,061
2023	$498,947	$453,879	$181,905	$45,068
2022	$345,322	$255,738	$116,865	$89,584