LIFE CHANCES FOUNDATION

EIN: 201303034 501(c)(3) Philanthropy & Grantmaking

SANDY, UT

Total Revenue
$33,764
Total Expenses
$160,000
Total Assets
$2,931,339
Net Assets
$2,931,339
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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
2004
Legal Domicile
UT
Principal Officer
TERRY JENSEN
Phone
8015801824
Tax Period
2023-01-01 to 2023-12-31

LIFE CHANCES FOUNDATION, founded in 2004, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $34K in total revenue in fiscal year 2023. Expenses of $160K exceeded revenue, resulting in a 374% operating deficit.

Mission

SUPPORT OF 509(A)(1) AND 509(A)(2) 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $33,764
Other Revenue $0
TOTAL REVENUE $33,764

Expense Breakdown

Grants Paid $160,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $160,000
Other Expenses $0
TOTAL EXPENSES $160,000

Year-over-Year Comparison

2023 2022 Change
Revenue $33,764 $34,112 0.0%
Expenses $160,000 $190,483 -0.2%
Net Income $-126,236 $-156,371 -0.2%
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRY JENSEN TRUSTEE 1.00
Director
$0 $0 $0
FAYE SCHREYER TRUSTEE 1.00
Director
$0 $0 $0
MILT THACKERY TRUSTEE 1.00
Director
$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 $33,764 $160,000 $2,931,339 $-126,236
2022 $34,112 $190,483 $3,057,575 $-156,371
2021 $35,767 $110,000 $3,213,946 $-74,233
2020 $46,638 $110,020 $3,288,179 $-63,382
2019 $68,403 $220,425 $3,351,561 $-152,022
2018 $51,935 $166,448 $3,503,583 $-114,513
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