LifeBUILDERS (EIN 203916750) - 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

2006

Legal Domicile

Principal Officer

Larry Johnson

Phone

3134015433

Tax Period

2024-01-01 to 2024-12-31

LifeBUILDERS, founded in 2006, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

LifeBUILDERS exists to restore dignity and provide hope to the residents of Regent Park, a northeast Detroit neighborhood. We accomplish this in three ways: by empowering youth with life skills, by providing affordable housing and building a community of shared values.

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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 $1,124,506

Program Service Revenue $1,051,157

Investment Income $103,227

Other Revenue $165,512

TOTAL REVENUE $2,444,402

Expense Breakdown

Grants Paid $14,764

Salaries & Benefits $702,530

Fundraising Expenses $65,061

Program Expenses $2,156,988

Other Expenses $1,782,565

TOTAL EXPENSES $2,499,859

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,444,402	$2,008,621	+0.2%
Expenses	$2,499,859	$1,973,530	+0.3%
Net Income	$-55,457	$35,091	-2.6%

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

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

$75,323

Total Directors

$115,861

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Johnson	Executive Director	40.00	Officer Director	$70,462	$3,661	$74,123
Jimmie Smith III	Director	1.00	Director	$40,538	$0	$40,538
Cristine Stricker	Secretary	2.00	Officer Director	$1,200	$0	$1,200
Jason Paulateer	Director	1.00	Director	$0	$0	$0
Sandra Turner-Handy	Director	1.00	Director	$0	$0	$0
Michael Randazzo	Director	1.00	Director	$0	$0	$0
Raymond Solomon II	Director	1.00	Director	$0	$0	$0
Larry Keillor	Director	1.00	Director	$0	$0	$0
Tom Veselanak	Member	1.00	Director	$0	$0	$0
Andre Williams	Member	1.00	Director	$0	$0	$0
Dan Monahan	Chairman	2.00	Officer 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	$2,444,402	$2,499,859	$6,295,501	$-55,457
2023	$2,004,546	$1,969,455	$6,438,220	$35,091
2022	$2,218,076	$1,801,528	$6,143,285	$416,548
2021	$2,593,675	$2,155,229	$4,777,776	$438,446
2020	$1,738,108	$1,387,907	$4,193,331	$350,201
2019	$1,911,379	$2,224,949	$4,068,338	$-313,570
2018	$1,266,070	$1,163,497	$4,034,350	$102,573

LifeBUILDERS