LIFESPIRE INC

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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

1951

Legal Domicile

Phone

2127410100

Tax Period

2024-07-01 to 2025-06-30

LIFESPIRE INC, founded in 1951, is a major nonprofit in the Human Services sector that reported $110.7M in total revenue in fiscal year 2024. Expenses of $104.3M left a modest 6% surplus.

Mission

LIFESPIRE, INC'S MISSION IS TO CHAMPION AND SUPPORT PEOPLE WITH DEVELOPMENTAL/INTELLECTUAL DISABILITIES AND THEIR FAMILIES TO REALIZE THEIR GOALS AND DREAMS. THE AGENCY IS FUNDED THROUGH GOVERNMENT PROGRAMS, CONSUMER CONTRIBUTIONS AND GIFTS. IT IS THE AGENCY'S AIM TO PROVIDE INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES THE ASSISTANCE AND SUPPORT NECESSARY TO ACHIEVE A LEVEL OF FUNCTIONAL BEHAVIORS AND COGNITIVE SKILLS TO ENABLE THEM TO MAINTAIN THEMSELVES IN THEIR COMMUNITY IN THE MOST INTEGRATED AND INDEPENDENT MANNER POSSIBLE.

Program Service Accomplishments

Program 1

Expenses: $57,580,486 Revenue: $61,881,885

RESIDENTIAL SERVICES - PROVIDE A VARIETY OF OPTIONS, DEPENDENT UPON THE LEVEL OF ASSISTANCE NEEDED BY EACH INDIVIDUAL. EACH FACILITY ALLOWS THE HIGHEST DEGREE OF INDEPENDENCE. SOME OF THESE OPTIONS INCLUDE: 1. INTERMEDIATE CARE FACILITES: OFFER COMPREHENSIVE PROFESSIONAL RESIDENTIAL SERVICES AND CARE FOR ADULT WITH MULTIPLE DISABILITIES. 2. COMMUNITY RESIDENCE: PROVIDE STRUCTURED AND SUPERVISED COMMUNITY LIVING SERVICES. 3. INDIVIDUALIZED RESIDENTIAL ALTERNATIVES: INNOVATIVE RESIDENTIAL SERVICES INDIVIDUALLY DESIGNED FOR DEVELOPMENTALLY DISABLED ADULTS WHOSE NEEDS MAY NOT BE MET BY TRADITIONAL SERVICES.

Program 2

Expenses: $36,272,999 Revenue: $42,292,184

WAIVER SERVICES - OFFERS CHOICES FOR INDIVIDUALIZED TREATMENT AND TRAINING TO PEOPLE WITH DEFICITS IN SELF CARE AND DOMESTIC AND INDEPENDENT LIVING SKILLS. SOME OF THESE SERVICES ARE: 1. COMMUNITY...

WAIVER SERVICES - OFFERS CHOICES FOR INDIVIDUALIZED TREATMENT AND TRAINING TO PEOPLE WITH DEFICITS IN SELF CARE AND DOMESTIC AND INDEPENDENT LIVING SKILLS. SOME OF THESE SERVICES ARE: 1. COMMUNITY HABILITATION: AN IN-HOME TRAINER HELPS THE INDIVIDUAL IN THE PRIVACY OF HIS/HER OWN HOME AND COMMUNITY TO ACQUIRE AND IMPROVE SKILLS IN MANY AREAS. 2. DAY HABILITATION: DAY PROGRAMMING WHICH OFFERS TRAINING IN SELF-CARE, DOMESTIC, TRAVEL AND INDEPENDENT LIVINGSKILLS. IT PROVIDES A UNIQUE OPPORTUNITY TO ACQUIRE SKILLS IN ACTUAL COMMUNITY SITES. 3. WAIVER RESPITE: WAIVER AFTER-SCHOOL RESPITE PROGRAMMING OFFERS RECREATION SERVICES TO STUDENTS, CHILDREN AND ADULTS WITH DEVELPMENT DISABILITIES; AGES 14-21 AND OVER. IT USES THE COMBINATION OF SPECIALTY INSTRUCTORS AND COMMUNITY-BASED RECREATION, ACCESS TOP RECREATIONAL ACTIVITIES IN THE COMMUNITY THROUGH THE USE OF TECHNOLOGY TO ENABLE THEM TO ENJOY LEISURE TIME PARALLEL TO THEIR NON-DISABLED PEERS.

Program 3

Expenses: $1,442,232 Revenue: $1,513,003

ARTICLE 16 CLINIC-DESIGNED TO MEET THE SPECIFIC CLINICAL NEEDS OF DEVELOPMENTALLY DISABLED INDIVIDUALS AND TO HELP SUSTAIN THEM IN THEIR COMMUNITIES. THE CLINIC PROVIDES PERSONAL ASSESSMENT AND...

ARTICLE 16 CLINIC-DESIGNED TO MEET THE SPECIFIC CLINICAL NEEDS OF DEVELOPMENTALLY DISABLED INDIVIDUALS AND TO HELP SUSTAIN THEM IN THEIR COMMUNITIES. THE CLINIC PROVIDES PERSONAL ASSESSMENT AND TREATMENT BY PROFESSIONAL, FULLY-ACCREDITED PRACTITIONERS. SOME OF THE SERVICES CURRENTLY PROVIDED INCLUDE: PSYCHOLOGICAL COUNSELING REHABILITATION COUNSELING, OCCUPATIONAL THERAPY, NUTRITION, SEXUALITY COUNSELING, MEDICAL EXAMINATIONS AND PSYCHIATRY.

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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 $2,843,572

Program Service Revenue $106,923,124

Investment Income $899,831

Other Revenue $2,638

TOTAL REVENUE $110,669,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,683,486

Fundraising Expenses $0

Program Expenses $96,230,284

Other Expenses $52,640,462

TOTAL EXPENSES $104,323,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,669,165	$102,655,389	+0.1%
Expenses	$104,323,948	$99,635,251	+0.0%
Net Income	$6,345,217	$3,020,138	+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

990

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

$844,728

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELLEN GREENE	BOARD MEMBER (UNTIL APRIL 2025)	0.5	Officer Director	$0	$0	$0
MICHAEL S GROSS	CHAIRMAN	0.5	Officer Director	$0	$0	$0
SUZANNE REVELL	TREASURER	0.5	Officer Director	$0	$0	$0
AUTHUR PALEVSKY	BOARD MEMBER	0.5	Director	$0	$0	$0
BERNADETTE TISO	BOARD MEMBER	0.5	Director	$0	$0	$0
DANIEL HAFF	BOARD MEMBER	0.5	Director	$0	$0	$0
JANELLE COLON	BOARD MEMBER	0.5	Director	$0	$0	$0
JEFFREY GOODMAN	BOARD MEMBER	0.5	Director	$0	$0	$0
LUCY PERMAN	VICE CHAIR	0.5	Director	$0	$0	$0
LYNN STANSEL	BOARD MEMBER	0.5	Director	$0	$0	$0
MARGARET DAVINO	BOARD MEMBER	0.5	Director	$0	$0	$0
PAUL CASSONE	BOARD MEMBER	0.5	Director	$0	$0	$0
PEDRO SANTIAGO	BOARD MEMBER	0.5	Director	$0	$0	$0
ROBERT KRAKOW	BOARD MEMBER	0.5	Director	$0	$0	$0
THOMAS MCALVANAH	BOARD MEMBER	0.5	Director	$0	$0	$0
WENDY INGORVAIA	BOARD MEMBER	0.5	Director	$0	$0	$0
DIANA PORTOCARRERO VEGA	CHIEF OPERATING OFFICER	35.0	Officer	$188,776	$14,790	$203,566
EMILIO BONILLA	CHIEF FINANCIAL OFFICER	35.0	Officer	$260,733	$18,693	$279,426
THOMAS LYDON	PRESIDENT/CEO	35.0	Officer	$325,485	$36,251	$361,736
AKINTAYO FADOJU	DIRECTOR OF NURSING SERVICES	35.0	Highest	$144,177	$38,114	$182,291
HOWARD TRAUB	DIRECTOR OF CLINICAL SERVICE	35.0	Highest	$151,933	$23,584	$175,517
JAMES NORMANDY	VP FOR DAY & COMMUNITY SVCS	35.0	Highest	$172,707	$31,984	$204,691
PETER VALVO	VP FOR IT	48.0	Highest	$158,367	$47,659	$206,026
QUYEN LY	CONTROLLER	35.0	Highest	$141,198	$1,370	$142,568

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	$110,669,165	$104,323,948	$166,156,281	$6,345,217
2024	$102,655,389	$99,635,251	$154,126,270	$3,020,138
2023	$105,657,615	$97,765,946	$148,222,008	$7,891,669
2022	$104,118,369	$95,608,228	$111,308,535	$8,510,141
2021	$78,323,520	$86,109,379	$86,539,765	$-7,785,859
2020	$98,151,951	$96,239,625	$80,597,000	$1,912,326
2019	$100,389,295	$101,033,656	$80,529,567	$-644,361
2018	$101,456,360	$101,543,931	$80,551,097	$-87,571