LIFES BEACON FOUNDATION 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

2001

Legal Domicile

Principal Officer

Robert Allen

Phone

7175770553

Tax Period

2024-01-01 to 2024-12-31

LIFES BEACON FOUNDATION INC, founded in 2001, is a small nonprofit in the Crime & Legal sector that reported $170K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

LIFE SKILLS CENTER PROVIDING PROGRAMMING FOR OVER 155 MEN THROUGHOUT THE YEAR

Program Service Accomplishments

Program 1

Expenses: $169,696 Revenue: $142,187

Our program supports men in their recovery from substance abuse by offering essential life skills training. Through individual coaching and group sessions participants learn skills like budgeting job readiness communication and stress management. These tools help them rebuild their lives boost confidence and reintegrate successfully into society as self-sufficient individuals. By providing these skills we strive to break the cycle of substance abuse fostering long-term recovery and stability.

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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 $28,203

Program Service Revenue $142,187

Investment Income $0

Other Revenue $0

TOTAL REVENUE $170,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,000

Fundraising Expenses $0

Program Expenses $169,696

Other Expenses $157,696

TOTAL EXPENSES $169,696

Year-over-Year Comparison

	2024	2023	Change
Revenue	$170,390	$201,692	-0.2%
Expenses	$169,696	$183,801	-0.1%
Net Income	$694	$17,891	-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

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

$12,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES REDDINGER	VICE PRESIDENT	0.00	Officer	$0	$0	$0
MICHAEL ALLEN	SECRETARY TREASURER	0.00	Officer	$0	$0	$0
ROBERT E ALLEN	PRESIDENT	40.00	Officer	$12,000	$0	$12,000
MICHELLE BRABHAM	DIRECTOR	2.00	Officer	$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	No data	No data	No data	No data
2024	$170,390	$169,696	$14,821	$694
2023	$201,692	$183,801	$46,732	$17,891
2022	$205,341	$209,843	$22,617	$-4,502
2021	$206,315	$208,562	$17,839	$-2,247
2020	$214,863	$216,606	$30,086	$-1,743