NEW LIFE CHRISTIAN ACADEMY INC (EIN 882628049) - 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

2022

Legal Domicile

Principal Officer

MICHAEL WARD

Phone

9138563934

Tax Period

2023-01-01 to 2023-12-31

NEW LIFE CHRISTIAN ACADEMY INC, founded in 2022, is a small nonprofit in the Education sector that reported $498K in total revenue in fiscal year 2023. Revenue surged 3469% from the prior year, signaling strong growth momentum. Expenses of $426K left a modest 14% surplus.

Mission

THE PRIMARY ACTIVITY OF NEW LIFE CHRISTIAN ACADEMY, INC. IS OPERATING AN ELEMENTARY SCHOOL FOR CHRISTIAN FAMILIES WITH CHILDREN IN GRADES KINDERGARTEN THROUGH 4TH GRADE WITH A FOCUS ON FOLLOWING THE TEACHINGS OF THE BIBLE AND CREATING A FOUNDATION TO LIVE CHRIST-CENTERED LIVES.

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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 $416,356

Program Service Revenue $44,550

Investment Income $102

Other Revenue $36,997

TOTAL REVENUE $498,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,058

Fundraising Expenses $0

Program Expenses $425,833

Other Expenses $191,775

TOTAL EXPENSES $425,833

Year-over-Year Comparison

	2023	2022	Change
Revenue	$498,005	$13,952	+34.7%
Expenses	$425,833	$2,212	+191.5%
Net Income	$72,172	$11,740	+5.1%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WARD	PRESIDENT	10.00	Officer Director	$0	$0	$0
LUCAS MOTLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM PEDERSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
LINSEY GARROD	BOARD MEMBER	1.00	Director	$0	$0	$0
AVERY CORDRAY	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$498,005	$425,833	$83,912	$72,172

NEW LIFE CHRISTIAN ACADEMY INC