NEW FOUND LIFE FOUNDATION (EIN 873932348) - 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

Principal Officer

EDWARD SPATOLA

Phone

5624344060

Tax Period

2024-01-01 to 2024-12-31

NEW FOUND LIFE FOUNDATION, founded in 2021, is a small nonprofit in the Mental Health sector that reported $268K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $380K exceeded revenue, resulting in a 42% operating deficit.

Mission

EDUCATING AND SUPPORTING INDIVIDUALS, FAMILIES AND THE MEMBERS OF THE COMMUNITY AFFECTED BY ADDICTION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $256,532

Program Service Revenue $3,062

Investment Income $7,620

Other Revenue $598

TOTAL REVENUE $267,812

Expense Breakdown

Grants Paid $373,952

Salaries & Benefits $0

Fundraising Expenses $3,552

Program Expenses $373,952

Other Expenses $6,538

TOTAL EXPENSES $380,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$267,812	$216,217	+0.2%
Expenses	$380,490	$245,845	+0.5%
Net Income	$-112,678	$-29,628	+2.8%

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

N/A

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
EDWARD SPATOLA	President	Officer Director	$0	$0	$0
MARY ANN BLOWITZ	Secretary	Officer Director	$0	$0	$0
JEREMY FRANK	Treasurer	Officer Director	$0	$0	$0
JERRY MCDONALD	Director	Director	$0	$0	$0
RICHARD DUREE	Director	Director	$0	$0	$0
WILLIAM BROWNLIE	Director	Director	$0	$0	$0
DAVID ANDERSON	Director	Director	$0	$0	$0
JERRY JACOBS	Trustee	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	$267,812	$380,490	$142,997	$-112,678
2023	$216,217	$245,845	$255,675	$-29,628
2022	$478,445	$193,642	$285,303	$284,803

NEW FOUND LIFE FOUNDATION