LIFE FOUNDATION INC (EIN 237050597) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1964

Legal Domicile

Principal Officer

KIM WILLIAMS

Phone

7704999209

Tax Period

2024-01-01 to 2024-12-31

LIFE FOUNDATION INC, founded in 1964, is a small nonprofit in the Education sector that reported $650K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. Net assets of $4.9M represent 90 months of operating reserves.

Mission

PROVIDING LIFE ENHANCING ACTIVITIES AND SERVICES TO THE COMMUNITY IN THE ESSENTIAL AREAS OF EDUCATION, WELLNESS, LEADERSHIP SKILLS, AND SPIRITUAL GROWTH. TO ACCOMPLISH THIS MISSION WE WILL IDENTIFY LEADERS AND INVEST IN THEIR FUTURE...ONE COLLEGE STUDENT AT A TIME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $294,090

Program Service Revenue $0

Investment Income $355,636

Other Revenue $0

TOTAL REVENUE $649,726

Expense Breakdown

Grants Paid $259,956

Salaries & Benefits $270,022

Fundraising Expenses $0

Program Expenses $533,519

Other Expenses $129,266

TOTAL EXPENSES $659,244

Year-over-Year Comparison

	2024	2023	Change
Revenue	$649,726	$401,119	+0.6%
Expenses	$659,244	$659,119	+0.0%
Net Income	$-9,518	$-258,000	-1.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$98,509

Total Directors

$98,509

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM WILLIAMS	CEO	40.00	Officer Director	$98,509	$0	$98,509
SHANNON TRAWICK	TRUSTEE	4.00	Director	$0	$0	$0
JIMMY STOKES	TRUSTEE	1.00	Director	$0	$0	$0
JEFF SASSER	TRUSTEE	2.00	Director	$0	$0	$0
SEAN TRAWICK	TRUSTEE	1.00	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
2025	No data	No data	No data	No data
2024	$649,726	$659,244	$4,874,229	$-9,518
2023	$401,119	$659,119	$4,393,702	$-258,000
2022	$577,149	$843,016	$4,192,920	$-265,867
2021	$2,850,424	$581,295	$5,030,034	$2,269,129
2020	$532,228	$679,778	$2,528,687	$-147,550
2019	$211,796	$457,329	$2,494,307	$-245,533
2018	$341,598	$519,859	$2,428,067	$-178,261

LIFE FOUNDATION INC