LIFE ADJUSTMENT CENTER INC (EIN 133620577) - 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

1991

Legal Domicile

Principal Officer

ALEX CORONEOS

Phone

2129381223

Tax Period

2024-07-01 to 2025-06-30

LIFE ADJUSTMENT CENTER INC, founded in 1991, is a mid-sized nonprofit in the Education sector that reported $13.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

LAC PROVIDES RESIDENTIAL AND SUPPORT SERVICES TO DEVELOPMENTALLY DISABLED INDIVIDUALS.

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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 $0

Program Service Revenue $13,142,923

Investment Income $26,314

Other Revenue $68,655

TOTAL REVENUE $13,237,892

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,673,362

Fundraising Expenses $0

Program Expenses $11,299,127

Other Expenses $4,218,781

TOTAL EXPENSES $12,892,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,237,892	$11,767,017	+0.1%
Expenses	$12,892,143	$12,262,019	+0.1%
Net Income	$345,749	$-495,002	-1.7%

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

205

Volunteers

N/A

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

$182,103

Total Directors

$182,103

Key Employees

$186,510

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY MCKAY	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
ERIC FOODIM	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
NYDIA MENDEZ	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
ALEX CORONEOS	EXECUTIVE DIRECTOR	40.00	Officer Director	$173,929	$8,174	$182,103
FRED ROMERO	BOARD DIRECTOR	1.00	Director	$0	$0	$0
CONSTANCE BROWN BELLAMY	BOARD DIRECTOR	1.00	Director	$0	$0	$0
GEORGE SANTANA	BOARD DIRECTOR	1.00	Director	$0	$0	$0
DR ANTHONY LECHICH	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TINA VEALE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ANGELA WALDRON	RESIDENTIAL COORDINATOR	40.00	Key Emp	$179,130	$7,380	$186,510
SETH BRESSMAN	FORMER DIRECTOR OF FINANCE	40.00	Highest	$265,607	$11,083	$276,690

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	$13,237,892	$12,892,143	$8,578,226	$345,749
2024	$11,767,017	$12,262,019	$9,365,741	$-495,002
2023	$12,736,697	$12,015,698	$8,800,146	$720,999
2022	$11,776,959	$11,202,597	$6,341,368	$574,362
2021	$9,560,061	$9,648,687	$5,492,484	$-88,626
2020	$10,298,132	$10,906,155	$5,546,450	$-608,023
2019	$10,318,905	$10,520,403	$4,728,810	$-201,498
2018	$9,733,066	$9,774,295	$4,893,682	$-41,229

LIFE ADJUSTMENT CENTER INC