New Beginnings Ministries of Wabash County Inc

Nonprofit profile at a glance

EIN
273492589
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2020
Location
Wabash, IN, USA
Phone
2602740340
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Alcohol, Drug Abuse, Treatment Only
Affiliation
Christianity

Reported finances

Revenue
$140,579
Expenses
$119,207
Assets
$122,160
Liabilities
$5,478

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • TODD RENDER (VICE CHAIR)
  • CRAIG MCKILLIP (CHAIRMAN)
  • TYLER GUENIN (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

New beginnings ministries of wabash county, incorporated is a non-profit, christian ministry reaching out in communities to men and their families. This ministry is a temporary residence to men, age 18 and over that provides christian-based programming to encourage positive life changes. Residents at new beginnings will be working on their individual relationship with christ. Through individual and group devotions, bible study, mentoring, discipling through christ-centered curriculum, the ministry will help each to develop a new way of life. By providing a daily routine of instruction, life skills, work at our facility and in the community, as well as opportunities to serve others, new beginnings ministry strives to help facilitate transformation of lives. Residents voluntarily come to us through homelss relief, community corrections, community/family referrals as well their own recognition of something fundamentally missing in their life. During this time the ministry will also be wor

What it reported doing in 2024

Provide residential housing for men making positive changes in their life after incarceration, drug addiction and/or homelessness.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 100
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.9%; rating input score 62
  • Program expense ratio: 73%; rating input score 73

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 15.2%; rating input score 67; 67th percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 50.3%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 30.2% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 7.6% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 61.9% of revenue deployed · 73% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $87K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.