Northeast Lifeskills Associates Inc (EIN 222512375) - 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

1984

Legal Domicile

Principal Officer

Carolyn Illge

Phone

9737772962

Tax Period

2023-07-01 to 2024-06-30

Northeast Lifeskills Associates Inc, founded in 1984, is a community nonprofit in the Mental Health sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.2M left a modest 12% surplus.

Mission

Drug Treatment Services

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,389,103

Investment Income $5

Other Revenue $0

TOTAL REVENUE $1,389,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $893,925

Fundraising Expenses $0

Program Expenses $1,040,375

Other Expenses $324,020

TOTAL EXPENSES $1,217,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,389,108	$1,069,671	+0.3%
Expenses	$1,217,945	$1,120,090	+0.1%
Net Income	$171,163	$-50,419	-4.4%

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

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

Total Directors

Key Employees

$128,900

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ray Cortese	Treasurer	1.00	Officer Director	$0	$0	$0
Everlydis Falcon-Duran	President	1.00	Officer Director	$0	$0	$0
James Landgraf	Trustee	1.00	Director	$0	$0	$0
Michael Johnson	Trustee	1.00	Director	$0	$0	$0
John Ahumada	Trustee	1.00	Director	$0	$0	$0
David Gootman	Trustee	1.00	Director	$0	$0	$0
Carolyn Illge	Executive Director	40.00	Key Emp	$128,900	$0	$128,900
Mary Alice Thomas	Vice President	1.00	Officer Director	$0	$0	$0
Yvette Washington	Trustee	1.00	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	$1,389,108	$1,217,945	$408,812	$171,163
2023	$1,069,671	$1,120,090	$155,659	$-50,419
2022	$1,126,467	$1,107,807	$308,777	$18,660
2021	$1,125,049	$1,265,745	$302,724	$-140,696
2020	$1,217,473	$1,229,727	$359,334	$-12,254
2019	$1,122,792	$1,190,175	$342,309	$-67,383

Northeast Lifeskills Associates Inc