LIFE CHOICES INC

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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

1999

Legal Domicile

Principal Officer

JOAN FASANELLO PRESIDENT

Phone

9082136974

Tax Period

2023-01-01 to 2023-12-31

LIFE CHOICES INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $999K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE MISSION OF LIFE CHOICES,INC. IS TO PROMOTE AND HELP BUILD HEALTHY FAMILIES BY PROVIDING MEDICAL SERVICES THAT ENCOURAGE GOOD PRE-NATAL CARE.

Program Service Accomplishments

Program 1

Expenses: $708,698 Revenue: $585,560

LIFE CHOICES INC, PROVIDES MENTORING AND PERSONABLE SUPPORT AS AS WELL AS TANGIBLE CHARITABLE ASSISTANCE TO WOMEN EXPERIENCING UNPLANNED PREGNANCIES AND TO YOUNG FAMILIES IN NEED. WE PROVIDE A...

LIFE CHOICES INC, PROVIDES MENTORING AND PERSONABLE SUPPORT AS AS WELL AS TANGIBLE CHARITABLE ASSISTANCE TO WOMEN EXPERIENCING UNPLANNED PREGNANCIES AND TO YOUNG FAMILIES IN NEED. WE PROVIDE A REFERENCE LIBRARY TO ENCOURAGE AT RISK YOUTH TO MAKE POSITIVE STEPS TO IMPROVE THEIR LIVES INCLUDING A CONSISTENT RISK AVOIDANCE MESSAGE REGARDING ALCOHOL, DRUGS, AND SEX. WE PROVIDE EDUCATIONAL PROGRAMS AND MATERIALS TO ASSIST IN HEALTHY RELATIONSHIPS, GOOD PRENATAL CARE AND PARENTING CLASSES, AS WELL AS DAYCARE SERVICES.

Program 2

Expenses: $313,511 Revenue: $0

WE PROVIDE SOME LIMITED MEDICAL SERVICES UNDER THE DIRECTION OF A PHYSICIAN INCLUDING PREGNANCY TESTING, LIMITED DIAGNOSTIC ULTRASOUND TO ENCOURAGE GOOD PRENATAL CARE, AS WELL AS FREE COUNSELING...

WE PROVIDE SOME LIMITED MEDICAL SERVICES UNDER THE DIRECTION OF A PHYSICIAN INCLUDING PREGNANCY TESTING, LIMITED DIAGNOSTIC ULTRASOUND TO ENCOURAGE GOOD PRENATAL CARE, AS WELL AS FREE COUNSELING, CANCER SCREENINGS, AND FAMILY PLANNING CLASSES. WE ALSO HAVE A MOBILE CENTER THAT ALLOWS US TO BRING BASIC LIMITED MEDICAL SERVICES TO THOSE WHO CANNOT TRAVEL TO OUR OFFICE IN PHILLIPSBURG, NJ.

Program 3

Expenses: $77,911 Revenue: $0

PROVIDING HOUSING FOR WOMEN WHO ARE PREGNANT AND HOMELESS IN OUR ST. ANNES RESIDENCE AS WELL AS HOMELESSNESS PREVENTION INCLUDING FINANCIAL ASSISTANCE FOR RENT, UTILITIES, AND OTHER NEEDS OF THE...

PROVIDING HOUSING FOR WOMEN WHO ARE PREGNANT AND HOMELESS IN OUR ST. ANNES RESIDENCE AS WELL AS HOMELESSNESS PREVENTION INCLUDING FINANCIAL ASSISTANCE FOR RENT, UTILITIES, AND OTHER NEEDS OF THE INDIVIDUALS SERVED.

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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 $394,280

Program Service Revenue $585,560

Investment Income $4,778

Other Revenue $14,270

TOTAL REVENUE $998,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $836,691

Fundraising Expenses $40,420

Program Expenses $1,100,120

Other Expenses $363,585

TOTAL EXPENSES $1,200,276

Year-over-Year Comparison

	2023	2022	Change
Revenue	$998,888	$1,191,979	-0.2%
Expenses	$1,200,276	$1,234,597	0.0%
Net Income	$-201,388	$-42,618	+3.7%

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

260

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

$119,633

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN FASANELLO	PRESIDENT	5.00	Officer	$0	$0	$0
ARLENE T LIPPINCOTT	TREASURER	1.00	Officer	$0	$0	$0
JOSEPH KAPP	TRUSTEE	1.00	Officer	$0	$0	$0
REV MARK KEHOE	TRUSTEE	1.00	Director	$0	$0	$0
REV A PAUL DA SILVA	TRUSTEE	1.00	Director	$0	$0	$0
MARY JANE DEUSTCH	SECRETARY	1.00	Director	$0	$0	$0
ARLENE T LIPPINCOTT	OFFICE MANAGER	40.00	Director	$56,722	$0	$56,722
JOAN FASANELLO	DIRECTOR	40.00	Director Highest	$62,911	$0	$62,911

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	$998,888	$1,200,276	$1,565,841	$-201,388
2022	$1,191,979	$1,234,597	$1,777,311	$-42,618
2021	$925,733	$1,024,869	$1,842,062	$-99,136
2020	$907,960	$715,030	$1,957,176	$192,930
2019	$588,151	$606,073	$1,773,695	$-17,922
2018	$410,340	$305,360	$1,488,818	$104,980