LIFE MANAGEMENT INC (EIN 223519521) - 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

1997

Legal Domicile

Principal Officer

BARBARA HAVLIK-EXEC DIR

Phone

9736550300

Tax Period

2024-01-01 to 2024-12-31

LIFE MANAGEMENT INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $9.1M in total revenue in fiscal year 2024. Revenue surged 412% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.2M, a strong 68% operating margin.

Mission

FOSTER LOW-INCOME HOUSING AND SUPPORT RESIDENTS-PROVIDING ADVOCACY IN THE FORM OF SOCIAL 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 (2024)

Revenue Breakdown

Contributions & Grants $2,564,314

Program Service Revenue $423,669

Investment Income $80,024

Other Revenue $6,048,540

TOTAL REVENUE $9,116,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $452,847

Fundraising Expenses $0

Program Expenses $2,720,978

Other Expenses $2,462,446

TOTAL EXPENSES $2,915,293

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,116,547	$1,781,675	+4.1%
Expenses	$2,915,293	$912,847	+2.2%
Net Income	$6,201,254	$868,828	+6.1%

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

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

$166,950

Total Directors

$166,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA HAVLIK	CHAIRPERSON/EXEC. DIRECTOR	20.00	Officer Director	$109,950	$0	$109,950
ELLEN PARETTI	VICE CHAIRPERSON/OPS. DIR.	20.00	Officer Director	$57,000	$0	$57,000
DEBRA NEIER	TREASURER	5.00	Officer Director	$0	$0	$0
BETH ALBERT	SECRETARY	5.00	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
2024	$9,116,547	$2,915,293	$98,478,864	$6,201,254
2023	$1,781,675	$912,847	$95,390,910	$868,828
2022	$8,824,111	$729,625	$80,451,042	$8,094,486
2021	$2,659,436	$841,837	$54,620,732	$1,817,599
2021	$2,659,436	$841,837	$54,620,732	$1,817,599
2020	$832,962	$768,495	$31,557,161	$64,467
2019	$819,312	$736,674	$27,267,401	$82,638
2018	$893,637	$856,803	$13,324,726	$36,834

LIFE MANAGEMENT INC