LIFE MINISTRIES INC (EIN 020387107) - 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

1985

Legal Domicile

Principal Officer

DIANA SCOTT

Phone

6035690202

Tax Period

2024-04-01 to 2025-03-31

LIFE MINISTRIES INC, founded in 1985, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $478K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $1.8M represent 44 months of operating reserves.

Mission

A SHARED MINISTRY OF CHRISTIAN CHURCHES IN THE WOLFEBORO AREA, L.I.F.E. MINISTRIES, INC., TEACHES THE GOSPEL BY PRACTICING WHAT JESUS CHRIST PREACHED IN MATTHEW 25: "...FOR I WAS HUNGRY AND YOU GAVE ME FOOD...." OUR FOOD PANTRY PROVIDES GROCERIES TO ELIGIBLE PEOPLE ACCORDING TO FAMILY SIZE AND NUTRITIONAL NEEDS, SUPPORTING THE FOOD SECURITY OF OUR COMMUNITY AS WELL AS THE DIGNITY AND RESPECT OF OUR CLIENTS. CLIENTS, VOLUNTEERS, AND DONORS ARE WELCOME TO PARTICIPATE IN THIS EFFORT WITHOUT REGARD TO RELIGIOUS AFFILIATION.

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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 $426,459

Program Service Revenue $0

Investment Income $51,889

Other Revenue $0

TOTAL REVENUE $478,348

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,673

Fundraising Expenses $0

Program Expenses $491,716

Other Expenses $472,043

TOTAL EXPENSES $491,716

Year-over-Year Comparison

	2024	2023	Change
Revenue	$478,348	$523,525	-0.1%
Expenses	$491,716	$407,259	+0.2%
Net Income	$-13,368	$116,266	-1.1%

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

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
REV BILL PETERSEN	DIRECTOR	N/A	Director	$0	$0	$0
GAIL HOLM	DIRECTOR	1.00	Director	$0	$0	$0
JUDY COLE	DIRECTOR	14.00	Director	$0	$0	$0
REV JOE CARDAMONE	DIRECTOR	N/A	Director	$0	$0	$0
REV THOM CHRISTIAN	DIRECTOR	N/A	Director	$0	$0	$0
ANDY MAKO	DIRECTOR	2.00	Director	$0	$0	$0
RICK HAWES	DIRECTOR	3.00	Director	$0	$0	$0
REV DAWN ADAMS	DIRECTOR	N/A	Director	$0	$0	$0
DAVID HOLDEN	DIRECTOR	2.00	Director	$0	$0	$0
BRAD COOK	DIRECTOR	2.00	Director	$0	$0	$0
REV KEVIN C VAN BRUNT	DIRECTOR	N/A	Director	$0	$0	$0
SUSAN HUGEL	SECRETARY	3.00	Officer Director	$0	$0	$0
DEBORAH LYNCH	ASST TREASUR	8.00	Officer Director	$0	$0	$0
REV ROBERT COLE	DIRECTOR	N/A	Director	$0	$0	$0
BLAINE KAISER	DIRECTOR	16.00	Director	$0	$0	$0
DEACON RICK HILTON	DIRECTOR	N/A	Director	$0	$0	$0
GEORGE ZEDALIS	DIRECTOR	N/A	Director	$0	$0	$0
DIANA SCOTT	TREASURER	15.00	Officer Director	$0	$0	$0
BILL CONNORS	PRESIDENT	25.00	Officer	$0	$0	$0
MARY EILER	DIRECTOR	2.00	Director	$0	$0	$0
TOM FISER	DIRECTOR	5.00	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	$478,348	$491,716	$1,756,386	$-13,368
2024	$523,525	$407,259	$1,736,877	$116,266
2023	$261,799	$321,986	$1,627,451	$-60,187
2022	$376,225	$157,704	$1,660,406	$218,521
2021	$719,527	$221,632	$1,441,799	$497,895
2020	$278,505	$237,506	$944,569	$40,999
2019	$294,916	$225,751	$908,350	$69,165
2018	$288,295	$193,027	$840,729	$95,268

LIFE MINISTRIES INC