THE LIFE CENTER OF CONNECTICUT INC (EIN 237105437) - 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

1970

Legal Domicile

Principal Officer

WILLIAM MCKISSICK

Phone

8607285199

Tax Period

2024-07-01 to 2025-06-30

THE LIFE CENTER OF CONNECTICUT INC, founded in 1970, is a community nonprofit in the Mental Health sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 4% surplus.

Mission

THE LIFE CENTER, INC. OPERATES RESIDENTIAL CENTERS AND CONDUCTS OUTREACH HELPING PERSONS ADVERSELY AFFECTED BY SUBSTANCE ABUSE FIND DRUG FREE PRODUCTIVE AND MEANINGFUL LIVES.

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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 $966,816

Program Service Revenue $2,175,334

Investment Income $2,250

Other Revenue $5,498

TOTAL REVENUE $3,149,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,248,295

Fundraising Expenses $100,234

Program Expenses $2,506,528

Other Expenses $772,247

TOTAL EXPENSES $3,020,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,149,898	$2,522,223	+0.2%
Expenses	$3,020,542	$2,642,974	+0.1%
Net Income	$129,356	$-120,751	-2.1%

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

$65,350

Total Directors

$301,538

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ESTHER GONZALEZ-TORRES	EXECUTIVE DI	40.00	Director	$106,500	$0	$106,500
PAUL ECHTENKAMP	DIRECTOR	30.00	Director	$70,350	$0	$70,350
WILLIAM MCKISSICK	PRESIDENT/TR	20.00	Officer Director	$65,350	$0	$65,350
NOEL CASIANO	QUAL ASSURAN	40.00	Director	$59,338	$0	$59,338
GEORGETTE CICERO	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH GIANNETTA-RAMOS	SECRETARY	1.00	Officer Director	$0	$0	$0
RAUL GONZALEZ	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN HUMPHREY	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JESUS MORALES	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET SAYERS	DIRECTOR	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	$3,149,898	$3,020,542	$2,089,325	$129,356
2024	$2,522,223	$2,642,974	$2,524,653	$-120,751
2023	$2,906,150	$1,767,838	$2,681,363	$1,138,312
2022	$1,051,931	$950,904	$1,379,105	$101,027
2021	$899,201	$909,980	$896,637	$-10,779
2020	$952,786	$871,252	$915,623	$81,534
2019	$819,167	$719,855	$630,314	$99,312
2018	$591,129	$681,299	$631,429	$-90,170

THE LIFE CENTER OF CONNECTICUT INC