OMEGA LIFE MEMBERSHIP FOUNDATION (EIN 222608127) - 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

MICHAEL A BOYKIN

Phone

2025440937

Tax Period

2024-04-01 to 2025-03-31

OMEGA LIFE MEMBERSHIP FOUNDATION, founded in 1984, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $937K in total revenue in fiscal year 2024. Revenue fell 74% from the prior year — a significant decline worth monitoring. Net assets of $11.9M represent 153 months of operating reserves.

Mission

THE ORGANIZATION PROVIDES GRANTS TO NONPROFIT ORGANIZATIONS TO BUILD STRENGTHS OF STUDENTS AND FOCUS ON THE AREAS IN WHICH ACADEMIC DEFICIENCIES MAY BE IMPROVED.

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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 $412,610

Program Service Revenue $33,605

Investment Income $490,499

Other Revenue $35

TOTAL REVENUE $936,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $655,365

Other Expenses $920,312

TOTAL EXPENSES $920,312

Year-over-Year Comparison

	2024	2023	Change
Revenue	$936,749	$3,640,026	-0.7%
Expenses	$920,312	$848,260	+0.1%
Net Income	$16,437	$2,791,766	-1.0%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BECKLEY	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT BENEFIELD	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY U BOSTWICK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL A BOYKIN	CHAIRMAN	4.00	Officer Director	$0	$0	$0
KENNETH BROWN	IMMEDIATE PA	1.00	Director	$0	$0	$0
GARY CLARK	ASST. TREASU	2.00	Officer Director	$0	$0	$0
GERALD DUGAS	DIRECTOR	1.00	Director	$0	$0	$0
REGINALD HENRY	TREASURER	5.00	Officer Director	$0	$0	$0
DAVID HOLLIDAY	DIRECTOR	1.00	Director	$0	$0	$0
DEWITT MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
PETER MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
SEDRIC D MYERS	SECRETARY	5.00	Officer Director	$0	$0	$0
KENNETH PATTERSON	CHAIRMAN	3.00	Officer Director	$0	$0	$0
GREGORY PITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
MYRON REED	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY ACKLES SR	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY BURNETT SR	DIRECTOR	1.00	Director	$0	$0	$0
STANFORD T WILLIAMS	VICE CHAIRMA	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
2025	$936,749	$920,312	$11,931,235	$16,437
2024	$3,640,026	$848,260	$11,900,498	$2,791,766
2023	$1,059,509	$678,992	$9,109,080	$380,517
2022	$2,010,899	$622,864	$8,728,215	$1,388,035
2021	$1,330,874	$448,814	$7,350,180	$882,060
2020	$835,449	$496,883	$4,812,455	$338,566
2019	$649,762	$509,910	$4,920,185	$139,852

OMEGA LIFE MEMBERSHIP FOUNDATION