New Way Ministries
Farmingtn Hls, Michigan
BHealth Score
58B
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Above Average
⚠ 3-point penalty for stale filing data
💰
$1.2M
Total Revenue
📊
$654K
Total Expenses
🏦
$1.1M
Net Assets
📋
$922K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
+31.4%
Year-over-year change (2020 → 2021)
Net Margin
+47.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.72
Net assets divided by total expenses
Liabilities-to-Assets
45.1%
Total liabilities as % of total assets
Filing History
3 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2021 | $1,240,481↑31% | $654,427↑47% | $2,044,336↑28% | |
| 2020 | $944,196↑110% | $444,229↓13% | $1,598,420↑48% | — |
| 2019 | $448,676 | $511,568 | $1,077,108 | — |
Frequently Asked Questions
What does New Way Ministries do?▼
New Way Ministries is a religion-related nonprofit organization based in Michigan. It is classified under NTEE code X21 and is registered as a 501(c) tax-exempt organization with the IRS.
Is New Way Ministries financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for New Way Ministries.
How much revenue does New Way Ministries generate?▼
New Way Ministries reports $1.2M in annual revenue and holds $2.0M in total assets, based on IRS filings.
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