NEW LIFE RECOVERY AND TRAINING CEN… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

DERRICK DICKERSON

Phone

6618734676

Tax Period

2024-01-01 to 2024-12-31

NEW LIFE RECOVERY AND TRAINING CENTER, founded in 2001, is a small nonprofit in the Mental Health sector that reported $750K in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $126K, a strong 17% operating margin.

Mission

TO EMPOWER DISADVANTAGED YOUTH TO ACHIEVE INDEPENDENCE AND SELFSUFFICIENCY

Program Service Accomplishments

Program 1

Expenses: $537,620 Revenue: $41,666

NLRTC PROVIDED SUPPORTIVE HOUSING, LIFE SKILLS AND CHARACTER DEVELOPMENT, EDUCATIONAL SUPPORT, ACCESS TO HEALTH AND SOCIAL SERVICES AND ASSISTED PARTICIPANTS IN OBTAINING THE SKILLS THEY NEED TO...

NLRTC PROVIDED SUPPORTIVE HOUSING, LIFE SKILLS AND CHARACTER DEVELOPMENT, EDUCATIONAL SUPPORT, ACCESS TO HEALTH AND SOCIAL SERVICES AND ASSISTED PARTICIPANTS IN OBTAINING THE SKILLS THEY NEED TO BECOME GAINFULLY EMPLOYED.

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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 $702,024

Program Service Revenue $41,666

Investment Income $6,190

Other Revenue $0

TOTAL REVENUE $749,880

Expense Breakdown

Grants Paid $700

Salaries & Benefits $302,816

Fundraising Expenses $0

Program Expenses $537,620

Other Expenses $320,595

TOTAL EXPENSES $624,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$749,880	$625,067	+0.2%
Expenses	$624,111	$609,784	+0.0%
Net Income	$125,769	$15,283	+7.2%

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

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
DERRICK DICKERSON	PRESIDENT AND SECRETARY	5.00	Officer Director	$0	$0	$0
CHAROLETTA DICKERSON	VICE PRESIDENT AND TREASURER	1.00	Officer Director	$0	$0	$0
JEREMIAH DICKERSON	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
2024	$749,880	$624,111	$372,635	$125,769
2023	$625,067	$609,784	$245,620	$15,283
2022	$491,057	$523,234	$232,934	$-32,177
2021	$538,662	$496,180	$271,851	$42,482
2020	$455,190	$358,390	$270,400	$96,800
2019	$521,103	$394,018	$150,144	$127,085
2018	$670,331	$682,613	$23,059	$-12,282

NEW LIFE RECOVERY AND TRAINING CENTER