LIFE ENRICHING COMMUNITIES FOUNDATION (EIN 061708088) - 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

5137193540

Tax Period

2023-01-01 to 2023-12-31

LIFE ENRICHING COMMUNITIES FOUNDATION, founded in 2001, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 18% operating margin.

Mission

DESCRIPTION OF ORGANIZATION MISSION: THE LIFE ENRICHING COMMUNITIES FOUNDATION SUPPORTS THE ACTIVITIES OF RELATED 501(C)3 ORGANIZATIONS THROUGH FUNDRAISING AND FUND MANAGEMENT.

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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 $1,832,477

Program Service Revenue $0

Investment Income $4,241,790

Other Revenue $-64,053

TOTAL REVENUE $6,010,214

Expense Breakdown

Grants Paid $3,822,998

Salaries & Benefits $650,505

Fundraising Expenses $1,091,996

Program Expenses $3,822,998

Other Expenses $431,891

TOTAL EXPENSES $4,914,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,010,214	$7,568,614	-0.2%
Expenses	$4,914,994	$5,269,129	-0.1%
Net Income	$1,095,220	$2,299,485	-0.5%

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

$2,453,542

Total Directors

$1,777,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MCQUINN	CEO/PRESIDENT	1.00	Officer Director	$0	$414,381	$1,028,545
JAMES BOWERSOX	COO/SECRETARY	1.00	Officer Director	$0	$301,144	$748,905
RON BESHAR	CHAIR	1.00	Director	$0	$0	$0
DOUG BURGESS	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD DUSTERBERG	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA EAST	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT GARDNER	TRUSTEE	1.00	Director	$0	$0	$0
ROBYN HILDAL	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SCHLEGAL	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH THORPE	TRUSTEE	1.00	Director	$0	$0	$0
JACK WILD	TRUSTEE	1.00	Director	$0	$0	$0
MIKE BRANDY	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
KEVIN MCDONNELL	CFO/TREASURER	1.00	Officer	$0	$185,604	$460,963
DANIEL MCMANUS	EXECUTIVE DIRECTOR FOUNDATION	40.00	Officer	$0	$49,398	$215,129

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	$6,010,214	$4,914,994	$133,021,602	$1,095,220
2022	$7,568,614	$5,269,129	$136,944,526	$2,299,485
2021	$9,230,521	$4,585,118	$136,081,820	$4,645,403
2020	$4,262,660	$4,164,847	$121,009,054	$97,813

LIFE ENRICHING COMMUNITIES FOUNDATION