NEW LIGHT ASSEMBLY (EIN 871940439) - 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

2021

Legal Domicile

Phone

7165744496

Tax Period

2023-01-01 to 2023-12-31

NEW LIGHT ASSEMBLY, founded in 2021, is a micro nonprofit in the Religion sector that reported $97K in total revenue in fiscal year 2023. Revenue surged 164% from the prior year, signaling strong growth momentum. The organization ran a surplus of $28K, a strong 29% operating margin.

Mission

ORGANIZED FOR RELIGIOUS WORSHIP AND TO CONDUCT RELIGIOUS SERVICES IN KEEPING WITH PENTECOSTAL PRACTICES AND TRADITIONS OF PROTESTANT CHRISTANITY

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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 $96,756

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $96,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,550

Fundraising Expenses $0

Program Expenses $54,575

Other Expenses $50,149

TOTAL EXPENSES $68,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,756	$36,687	+1.6%
Expenses	$68,699	$55,196	+0.2%
Net Income	$28,057	$-18,509	-2.5%

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

$18,550

Total Directors

$18,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARENCE MONTGOMERY	PRESIDENT	40.00	Officer Director	$18,550	$0	$18,550
RAY HALL	TRUSTEE	2.00	Director	$0	$0	$0
CAMI TALFORD	TRUSTEE	2.00	Director	$0	$0	$0
SIMMONE TALFORD	TRUSTEE	2.00	Director	$0	$0	$0
COREY TALFORD	TRUSTEE	2.00	Director	$0	$0	$0
TIFFANY BUTLER	TRUSTEE	2.00	Director	$0	$0	$0
JANET STEWART	TRUSTEE	2.00	Director	$0	$0	$0
MANUEL L WIGGINS	TRUSTEE	2.00	Director	$0	$0	$0
EVAN HALL	TRUSTEE	2.00	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
2023	$96,756	$68,699	$47,920	$28,057
2022	$36,687	$55,196	$19,863	$-18,509
2021	$76,739	$38,367	$38,372	$38,372

NEW LIGHT ASSEMBLY