Inspire Life Skills Training Inc (EIN 201647743) - 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

2004

Legal Domicile

Principal Officer

Kristi Perez

Phone

9513160011

Tax Period

2024-01-01 to 2024-12-31

Inspire Life Skills Training Inc, founded in 2004, is a community nonprofit in the Mental Health sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 174% from the prior year, signaling strong growth momentum. The organization ran a surplus of $858K, a strong 51% operating margin.

Mission

Inspire Life Skills, Inc. exists to mentor and train former foster youth to become educated, self-sufficient, responsible and to make positive life choices through the pursuit of higher education.

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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 $1,628,770

Program Service Revenue $39,775

Investment Income $26,055

Other Revenue $0

TOTAL REVENUE $1,694,600

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,554

Fundraising Expenses $74,511

Program Expenses $679,203

Other Expenses $514,425

TOTAL EXPENSES $836,979

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,694,600	$618,630	+1.7%
Expenses	$836,979	$695,186	+0.2%
Net Income	$857,621	$-76,556	-12.2%

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

Governance

Voting Members

Independent Members

N/A

Employees

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

Total Directors

$102,991

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kristi Perez	Executive Dir.	40.00	Director	$102,991	$0	$102,991
David Shaheen	President	5.00	Officer Director	$0	$0	$0
Scott Musgraves	Treasurer	5.00	Officer Director	$0	$0	$0
Don Hoppock	Secretary	5.00	Officer Director	$0	$0	$0
Dr Carla Lidner-Baum	Director	5.00	Director	$0	$0	$0
Cheryl Hines	Director	5.00	Director	$0	$0	$0
Nilma Shah Esquire	Director	5.00	Director	$0	$0	$0
Mark Sutherland	Director	5.00	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	$1,694,600	$836,979	$1,945,097	$857,621
2023	$618,630	$695,186	$1,068,687	$-76,556
2022	$904,916	$607,442	$1,139,549	$297,474
2021	$640,593	$593,982	$831,373	$46,611
2020	$637,481	$496,883	$782,767	$140,598
2019	$560,146	$489,401	$644,334	$70,745
2018	$564,725	$492,986	$573,426	$71,739

Inspire Life Skills Training Inc