BEADFORLIFE

EIN: 201683139 501(c)(3)

NIWOT, CO

Total Revenue
$53,746
Total Expenses
$460,954
Total Assets
$838,152
Net Assets
$26,928
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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
CO
Principal Officer
Torkin Wakefield
Phone
3035545901
Tax Period
2021-07-01 to 2022-06-30

BEADFORLIFE, founded in 2004, is a micro nonprofit that reported $54K in total revenue in fiscal year 2021. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $461K exceeded revenue, resulting in a 758% operating deficit.

Mission

BeadforLife joins with other organizations to eradicate poverty through entrepreneurial training.

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,504
Program Service Revenue $0
Investment Income $28,459
Other Revenue $21,783
TOTAL REVENUE $53,746

Expense Breakdown

Grants Paid $450,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $455,731
Other Expenses $10,954
TOTAL EXPENSES $460,954

Year-over-Year Comparison

2021 2020 Change
Revenue $53,746 $125,377 -0.6%
Expenses $460,954 $425,611 +0.1%
Net Income $-407,208 $-300,234 +0.4%
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
3
Employees
N/A
Volunteers
10

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
Cassidy Murphy Secretary 2.00
Director
$0 $0 $0
Robin Seiz Member 2.00
Director
$0 $0 $0
Torkin Wakefield Chairman 2.00
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
2022 $53,746 $460,954 $838,152 $-407,208
2021 $125,377 $425,611 $1,115,516 $-300,234
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