THE LIFE IS GOOD PLAYMAKER PROJECT INC (EIN 205524270) - 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

2005

Legal Domicile

Principal Officer

TOM ANGELONE

Phone

6176485318

Tax Period

2024-01-01 to 2024-12-31

THE LIFE IS GOOD PLAYMAKER PROJECT INC, founded in 2005, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.8M exceeded revenue, resulting in a 46% operating deficit.

Mission

PROVIDE TRAINING, RESOURCES, & SUPPORT TO EARLY CHILDHOOD PROFESSIONALS WORKING WITH KIDS IN NEED.

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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 $896,754

Program Service Revenue $302,352

Investment Income $57,414

Other Revenue $1,778

TOTAL REVENUE $1,258,298

Expense Breakdown

Grants Paid $294,888

Salaries & Benefits $1,088,443

Fundraising Expenses $146,312

Program Expenses $1,446,469

Other Expenses $447,500

TOTAL EXPENSES $1,830,831

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,258,298	$1,147,795	+0.1%
Expenses	$1,830,831	$1,920,374	0.0%
Net Income	$-572,533	$-772,579	-0.3%

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

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

$302,727

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARA PASS	PRESIDENT	1.00	Officer Director	$0	$0	$0
THOMAS ANGELONE	TREASURER	1.00	Officer Director	$0	$0	$0
JULIE BOWERS	SECRETARY (THRU 10/2024)	1.00	Officer Director	$0	$0	$0
CHARLENE GIACIN	DIRECTOR	1.00	Director	$0	$0	$0
TOM HASSELL	DIRECTOR	1.00	Director	$0	$0	$0
JASON LAVENDER	DIRECTOR	1.00	Director	$0	$0	$0
RICHE MCKNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
MARY GEORGE OPPERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MOLLY RAMBO	DIRECTOR (THRU 12/2024)	1.00	Director	$0	$0	$0
MICHELLE VETOVIS	DIRECTOR	1.00	Director	$0	$0	$0
STEVE GROSS	FOUNDER & CHIEF PLAYMAKER	40.00	Officer	$153,016	$5,461	$158,477
ELLEN LEMPEREUR GREAVES	EXECUTIVE DIRECTOR	40.00	Officer	$139,604	$4,646	$144,250

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	$1,258,298	$1,830,831	$2,084,895	$-572,533
2023	$1,147,795	$1,920,374	$2,625,594	$-772,579
2022	$2,041,738	$1,848,734	$3,460,087	$193,004
2021	$2,395,238	$1,617,487	$3,251,883	$777,751
2020	$2,433,654	$1,877,397	$2,543,699	$556,257
2019	$2,552,917	$2,052,302	$1,891,867	$500,615
2018	$1,476,275	$1,809,211	$1,400,190	$-332,936

THE LIFE IS GOOD PLAYMAKER PROJECT INC