LIFE SPRING NETWORK INC

EIN: 204307197 501(c)(3) Religion

OLD GREENWICH, CT

Total Revenue
$402,000
Total Expenses
$208,750
Total Assets
$569,486
Net Assets
$568,839
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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
IL
Principal Officer
JASON PANKAU
Phone
2032530904
Tax Period
2024-01-01 to 2024-12-31

LIFE SPRING NETWORK INC, founded in 2006, is a small nonprofit in the Religion sector that reported $402K in total revenue in fiscal year 2024. Revenue surged 305% from the prior year, signaling strong growth momentum. The organization ran a surplus of $193K, a strong 48% operating margin.

Mission

TO ESTABLISH RESOURCES AND UNLEASH THE POTENTIAL OF REPRODUCTIVE DISCIPLE MAKING THROUGH CHRISTIAN MENTORING NETWORKS THEIR DESIRE IS TO BUILD A NETWORK OF CHURCHES AND MINISTRIES THAT CONTINUALLY ENCOURAGE AND LEARN FROM ONE ANOTHER ABOUT HOW TO BEST MAKE HOLISTIC REPRODUCTIVE DISCIPLES

Program Service Accomplishments

Program 1
Expenses: $167,533 Revenue: $246

TRAINING, MENTORING, AND EQUIPPING COMMUNITIES OF CHRISTIANS TO STEWARD THEIR LIVES AND REALIZE THEIR POTENTIAL IN CHRIST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $376,218
Program Service Revenue $0
Investment Income $25,536
Other Revenue $246
TOTAL REVENUE $402,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,573
Fundraising Expenses $509
Program Expenses $167,533
Other Expenses $45,177
TOTAL EXPENSES $208,750

Year-over-Year Comparison

2024 2023 Change
Revenue $402,000 $99,299 +3.0%
Expenses $208,750 $36,088 +4.8%
Net Income $193,250 $63,211 +2.1%
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
6
Independent Members
5
Employees
3
Volunteers
15

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
1
$53,399
Total Directors
6
$53,399
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JASON PANKAU PRESIDENT 50.00
Officer Director
$26,499 $26,900 $53,399
ELLEN ADAMS DIRECTOR 2.00
Director
$0 $0 $0
HANK HIGDON DIRECTOR 2.00
Director
$0 $0 $0
LYN CUSHMAN DIRECTOR 2.00
Director
$0 $0 $0
MARK CURTIS DIRECTOR 2.00
Director
$0 $0 $0
MIKE STALLARD DIRECTOR 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
2024 $402,000 $208,750 $569,486 $193,250
2023 $99,299 $36,088 $352,608 $63,211
2022 $33,472 $32,556 $289,583 $916
2021 $81,538 $36,835 $288,118 $44,703
2020 $138,617 $157,874 $274,417 $-19,257
2019 $232,026 $195,126 $277,840 $36,900
2018 $233,896 $200,098 $242,719 $33,798
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