NEW ROOM LLC

EIN: 883670290 501(c)(3)

GALVESTON, TX

Total Revenue
$7,704
Total Expenses
$1,239,597
Total Assets
N/A
Net Assets
N/A
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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
TX
Principal Officer
BERT BAGLEY
Phone
4097655561
Tax Period
2025-01-01 to 2025-12-31

NEW ROOM LLC, founded in 2022, is a micro nonprofit that reported $8K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 15990% operating deficit.

Mission

TO SUPPORT AND BENEFIT OTHER NON-PROFIT ORGANIZATIONS WHO ADVANCE THE CARE OF PEOPLE IN THE NAME AND SPIRIT OF JESUS CHRIST.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $968
Other Revenue $6,736
TOTAL REVENUE $7,704

Expense Breakdown

Grants Paid $1,121,735
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,239,597
Other Expenses $117,862
TOTAL EXPENSES $1,239,597

Year-over-Year Comparison

2025 2024 Change
Revenue $7,704 $6,880 +0.1%
Expenses $1,239,597 $36,551 +32.9%
Net Income $-1,231,893 $-29,671 +40.5%
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

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Governance

Voting Members
3
Independent Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BERT BAGLEY DIRECTOR 3.00
Director
$0 $0 $0
MICHAEL GIENGER DIRECTOR 1.00
Director
$0 $0 $0
CHRIS WAKS DIRECTOR 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
2025 $7,704 $1,239,597 No data $-1,231,893
2024 $6,880 $36,551 $1,236,397 $-29,671
2023 $596,146 $94,998 $1,261,564 $501,148
2022 $770,200 $9,784 $760,416 $760,416
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