DIVING FOR LIFE INC (EIN 133702652) - 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

Thomas Bond

Phone

5715777592

Tax Period

2023-01-01 to 2023-12-31

DIVING FOR LIFE INC, founded in 1991, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $46K in total revenue in fiscal year 2023. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $127K exceeded revenue, resulting in a 178% operating deficit.

Mission

Fundraising for 501(c)(3) organizations

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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 $90,485

Program Service Revenue $0

Investment Income $180

Other Revenue $-44,819

TOTAL REVENUE $45,846

Expense Breakdown

Grants Paid $110,018

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $127,300

Other Expenses $17,282

TOTAL EXPENSES $127,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,846	$147,726	-0.7%
Expenses	$127,300	$19,305	+5.6%
Net Income	$-81,454	$128,421	-1.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tom Bond	Treasurer	4	Officer	$0	$0	$0
Jeff Tennant	Board Member	4	Officer	$0	$0	$0
Cordell Brown	President	4	Officer	$0	$0	$0
Doug Patterson	Board Member	4	Officer	$0	$0	$0
Christine Simon	Board Member	4	Officer	$0	$0	$0
Stephen Mancuso	Board member	4	Officer	$0	$0	$0
Tracy Taggert	Board member	4	Officer	$0	$0	$0
Jim McVittie	Board member	4	Officer	$0	$0	$0
Chad Anderson	Vice President	4	Officer	$0	$0	$0

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	$45,846	$127,300	$183,629	$-81,454
2022	$147,726	$19,305	$265,084	$128,421

DIVING FOR LIFE INC