LIFE ENRICHING COMMUNITIES (EIN 043660613) - 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

2001

Legal Domicile

Principal Officer

SCOTT MCQUINN

Phone

5137193510

Tax Period

2023-01-01 to 2023-12-31

LIFE ENRICHING COMMUNITIES, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.8M in total revenue in fiscal year 2023. Expenses of $12.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

LIFE ENRICHING COMMUNITIES SUPPORTS THE ACTIVITIES OF RELATED 501(C)(3) ORGANIZATIONS BY PROVIDING GUIDANCE, STRATEGIC PLANNING, MANAGEMENT SERVICES AND CORPORATE INFRASTRUCTURE. CONFIDENT LIVING PROVIDES A CONTINUING CARE AT HOME PROGRAM.

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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 $565,776

Program Service Revenue $9,697,511

Investment Income $509,284

Other Revenue $69,076

TOTAL REVENUE $10,841,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,361,721

Fundraising Expenses $0

Program Expenses $4,897,235

Other Expenses $4,111,831

TOTAL EXPENSES $12,473,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,841,647	$10,366,591	+0.0%
Expenses	$12,473,552	$11,855,489	+0.1%
Net Income	$-1,631,905	$-1,488,898	+0.1%

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

2132

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

$2,238,413

Total Directors

$1,777,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MCQUINN	CEO/PRESIDENT	29.00	Officer Director	$614,164	$414,381	$1,028,545
JAMES BOWERSOX	COO/SECRETARY	29.00	Officer Director	$447,761	$301,144	$748,905
SCOTT BEEKEN	TRUSTEE/TREASURER	3.25	Officer Director	$0	$0	$0
MIKE BRANDY	CHAIR	3.25	Director	$0	$0	$0
DOUG BURGESS	TRUSTEE	3.25	Director	$0	$0	$0
CARRIE COLLINS	TRUSTEE	3.25	Director	$0	$0	$0
CELIA CONLON	TRUSTEE	3.25	Director	$0	$0	$0
LANCE DEBENEDICTIS	TRUSTEE	3.25	Director	$0	$0	$0
SANDRA EAST	TRUSTEE	3.25	Director	$0	$0	$0
ROBYN HILDAL	TRUSTEE	3.25	Director	$0	$0	$0
ROBERT IZO	TRUSTEE	3.25	Director	$0	$0	$0
TOM KAHLE	TRUSTEE	3.25	Director	$0	$0	$0
MARK PALMER	TRUSTEE	3.25	Director	$0	$0	$0
PHILLIP PRESENT	TRUSTEE	3.25	Director	$0	$0	$0
MARY ANN SHORT	TRUSTEE	3.25	Director	$0	$0	$0
JOSEPH THORPE	TRUSTEE	3.25	Director	$0	$0	$0
TODD ANDERSON	TRUSTEE	3.25	Director	$0	$0	$0
LARRY BRUESHABER	TRUSTEE	3.25	Director	$0	$0	$0
RON BESHEAR	TRUSTEE	3.25	Director	$0	$0	$0
KEVIN MCDONNELL	CFO/TREASURER	29.00	Officer	$275,359	$185,604	$460,963
MARGARET CARMANY	VP ORGANIZATIONAL DEV/CLO	40.00	Highest	$285,559	$70,289	$355,848
TIMOTHY GRIMES	EXECUTIVE DIRECTOR	40.00	Highest	$261,039	$76,892	$337,931
KEN MCDONALD	DIRECTOR OF FINANCE	40.00	Highest	$170,572	$74,104	$244,676
LA'TASHA GOODWIN	SR. DIRECTOR/SALES	15.00	Highest	$172,982	$75,126	$248,108
PAULA BOURNE	REGINAL DIRECTOR OF OPERATIONS	11.00	Highest	$180,538	$75,198	$255,736

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	$10,841,647	$12,473,552	$81,434,671	$-1,631,905
2022	$10,366,591	$11,855,489	$38,419,381	$-1,488,898
2021	$13,666,564	$10,216,866	$46,743,285	$3,449,698
2020	$8,319,910	$8,974,413	$39,920,656	$-654,503
2019	$8,072,764	$8,284,305	$46,457,199	$-211,541
2018	$7,337,073	$7,454,506	$48,789,647	$-117,433

LIFE ENRICHING COMMUNITIES