LIFENET Inc (EIN 223292521) - 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

1994

Legal Domicile

Principal Officer

John C Donahue III

Phone

9734974500

Tax Period

2023-01-01 to 2023-12-31

LIFENET Inc, founded in 1994, is a small nonprofit in the Human Services sector that reported $388K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

Primary purpose is the prevention of cruelty to children. Sponsor training/seminars and conduct speaking engagements in churches and schools. Develop educational programs for teens and adults.

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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 $335,467

Program Service Revenue $25,663

Investment Income $3,887

Other Revenue $23,482

TOTAL REVENUE $388,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $323,464

Fundraising Expenses $47,928

Program Expenses $301,662

Other Expenses $66,432

TOTAL EXPENSES $389,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$388,499	$490,065	-0.2%
Expenses	$389,896	$408,418	0.0%
Net Income	$-1,397	$81,647	-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

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

$128,709

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christine Flaherty	Executive Director	40	Officer	$114,148	$14,561	$128,709
James Murphy	President	3	Officer Director	$0	$0	$0
Pamela Swartzberg	Vice President	3	Officer Director	$0	$0	$0
Margaret Cowan	Secretary	3	Officer Director	$0	$0	$0
John C Donahue III	Treasurer	3	Officer Director	$0	$0	$0
Michael Rose	Trustee	3	Director	$0	$0	$0
Rev Dr Clenard Childress Jr	Trustee	3	Director	$0	$0	$0
Lisa Hart	Trustee	3	Director	$0	$0	$0
Lisa Munoz	Trustee	3	Director	$0	$0	$0
Paul Laracy	Trustee	3	Director	$0	$0	$0
Frank Tinari	Trustee	3	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	No data	No data	No data	No data
2023	$388,499	$389,896	$349,514	$-1,397
2022	$490,065	$408,418	$355,428	$81,647
2021	$359,044	$372,149	$273,781	$-13,105
2020	$339,258	$360,897	$286,886	$-21,639
2019	$446,032	$354,202	$308,525	$91,830

LIFENET Inc