THE LIGHT OF LIFE FOUNDATION INC (EIN 223787506) - 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

2001

Legal Domicile

Principal Officer

STEVEN LARSON MD

Phone

7329955672

Tax Period

2023-01-01 to 2023-12-31

THE LIGHT OF LIFE FOUNDATION INC, founded in 2001, is a micro nonprofit in the Medical Research sector that reported $16K in total revenue in fiscal year 2023. Revenue surged 149% from the prior year, signaling strong growth momentum. Expenses of $67K exceeded revenue, resulting in a 320% operating deficit.

Mission

PATIENT SUPPORT, EDUCATION, PUBLIC AWARENESS AND RESEARCH FOR THYROID CANCER

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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 $16,023

Program Service Revenue $0

Investment Income $16

Other Revenue $0

TOTAL REVENUE $16,039

Expense Breakdown

Grants Paid $60,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $62,619

Other Expenses $7,228

TOTAL EXPENSES $67,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,039	$6,438	+1.5%
Expenses	$67,378	$21,082	+2.2%
Net Income	$-51,339	$-14,644	+2.5%

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
ALECIA FOX DALESSIO	DIRECTOR	N/A	Director	$0	$0	$0
LAUREN FOX	SECRETARY	N/A	Officer Director	$0	$0	$0
AMY SHEY JACOBS	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL TUTTLE MD	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN LARSON MD	CHAIRMAN	N/A	Officer Director	$0	$0	$0
JOAN SHEY	PRESIDENT	N/A	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	No data	No data	No data	No data
2023	$16,039	$67,378	$54,274	$-51,339
2022	$6,438	$21,082	$105,613	$-14,644
2021	$20,498	$29,404	$120,257	$-8,906
2020	$145,197	$180,604	$130,482	$-35,407
2019	$28,983	$79,195	$165,889	$-50,212
2018	$49,796	$120,056	$216,101	$-70,260

THE LIGHT OF LIFE FOUNDATION INC