2LIFE COMMUNITIES INC (EIN 042478888) - 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

1982

Legal Domicile

Principal Officer

BENJAMIN MAHNKE

Phone

6179128400

Tax Period

2023-01-01 to 2023-12-31

2LIFE COMMUNITIES INC, founded in 1982, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.1M in total revenue in fiscal year 2023. Revenue surged 106% from the prior year, signaling strong growth momentum. Expenses of $16.0M exceeded revenue, resulting in a 58% operating deficit.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,759,325

Program Service Revenue $2,451,770

Investment Income $898,421

Other Revenue $0

TOTAL REVENUE $10,109,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,951,549

Fundraising Expenses $0

Program Expenses $14,566,730

Other Expenses $13,025,104

TOTAL EXPENSES $15,976,653

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,109,516	$4,911,115	+1.1%
Expenses	$15,976,653	$14,736,621	+0.1%
Net Income	$-5,867,137	$-9,825,506	-0.4%

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

N/A

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

$813,938

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
BARRY SHRAGE	DIRECTOR	1.00	Director	$0	$0	$0
BERNIE KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
BILL SHAEVEL	DIRECTOR	1.00	Director	$0	$0	$0
DAVID TRIETSCH	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ZALTAS	CLERK AND DIRECTOR	1.00	Officer Director	$0	$0	$0
DON BLOCH	DIRECTOR	1.00	Director	$0	$0	$0
DONNA KALIKOW	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD STAHLER	DIRECTOR	1.00	Director	$0	$0	$0
HAROLD TUBMAN	DIRECTOR	1.00	Director	$0	$0	$0
HARVEY GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD FURMAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON KORB	DIRECTOR	1.00	Director	$0	$0	$0
JEFF SACKS	CHAIR AND DIRECTOR	1.00	Officer Director	$0	$0	$0
LAURA EFRON	VICE CHAIR AND DIRECTOR	1.00	Officer Director	$0	$0	$0
LYNNE ELFLAND	DIRECTOR	1.00	Director	$0	$0	$0
MERLE GRANDBERG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL ALPERIN	DIRECTOR	1.00	Director	$0	$0	$0
NOAH MASLAN	DIRECTOR	1.00	Director	$0	$0	$0
NORMAN POSNER	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
RICK LEVIN	DIRECTOR	1.00	Director	$0	$0	$0
ROB GIFFORD	DIRECTOR	1.00	Director	$0	$0	$0
STACY GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
WENDY KRAFT	DIRECTOR	1.00	Director	$0	$0	$0
AMY SCHECTMAN	CEO	15.00	Officer	$0	$13,523	$315,748
HENRY KORMAN	FORMER GENERAL COUNCIL / ASSISTANT CLERK	10.00	Officer	$0	$0	$0
KAREN EDLUND	ASSISTANT TREASURER/CHIEF OF BUSINESS STRATEGY	10.00	Officer	$0	$26,147	$233,520
LIZBETH HEYER	VICE PRESIDENT	5.00	Officer	$0	$46,246	$264,670

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	No data	No data	No data	No data
2023	$10,109,516	$15,976,653	$42,561,747	$-5,867,137
2022	$4,911,115	$14,736,621	$42,497,967	$-9,825,506
2021	$7,095,673	$12,585,780	$57,717,629	$-5,490,107
2020	$15,164,976	$10,116,901	$62,107,598	$5,048,075
2018	$33,307,558	$2,695,972	$51,653,744	$30,611,586

2LIFE COMMUNITIES INC