LIFELINE FOR THE EMPOWERMENT AND D… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

CARRIE DOTSON

Phone

4403542148

Tax Period

2023-01-01 to 2023-12-31

LIFELINE FOR THE EMPOWERMENT AND DEVELOPMENT OF CONSUMERS INC, founded in 1973, is a community nonprofit in the Human Services sector that reported $4.8M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $4.3M left a modest 12% surplus.

Mission

TO PROVIDE EMERGENCY ASSISTANCE, BUDGET COUNSELING AND LIFE SKILLS TRAINING TO IMPROVE SELF-SUFFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $421,230

THE COMMUNITY SERVICES BLOCK GRANT PROVIDED FUNDS USED FOR PROGRAMS THAT COMBAT POVERTY AND PROMOTE SELF-SUFFICIENCY.

Program 2

Expenses: $1,671,373

WITH THE CORONAVIRUS RELIEF FUNDS, WE ASSISTED LAKE COUNTY AND GEAUGA COUNTY HOUSEHOLDS IN MAINTAINING THEIR HOUSING AND UTILITIES DURING THE COVID-19 PANDEMIC-THESE ARE ALL HOUSEHOLDS WHO...

WITH THE CORONAVIRUS RELIEF FUNDS, WE ASSISTED LAKE COUNTY AND GEAUGA COUNTY HOUSEHOLDS IN MAINTAINING THEIR HOUSING AND UTILITIES DURING THE COVID-19 PANDEMIC-THESE ARE ALL HOUSEHOLDS WHO DEMONSTRATED A COVID-RELATED FINANCIAL IMPACT ON THEIR HOUSEHOLD. ASSISTANCE INCLUDED FINANCIAL HELP WITH UTILITIES, RENT OR MORTGAGE.

Program 3

Expenses: $1,012,968

FOR THE HOME ENERGY ASSISTANCE PROGRAM (HEAP),WE PROVIDED HOUSEHOLDS WITH EMERGENCY UTILITY ASSISTANCE. THROUGH THE WINTER CRISIS PROGRAM WE ASSISTED HOUSEHOLDS IN MAINTAINING THEIR HEAT DURING THE COLD WINTER MONTHS. DURING THE SUMMER CRISIS SEASON, WE ASSISTED HOUSEHOLDS THAT EITHER HAD A SENIOR CITIZEN OR A RESIDENT WITH A DOCUMENTED HEALTH CONDITION THAT WARRANTED COOLING ASSISTANCE.

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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 $4,619,192

Program Service Revenue $0

Investment Income $10,252

Other Revenue $189,839

TOTAL REVENUE $4,819,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,240,694

Fundraising Expenses $0

Program Expenses $4,216,344

Other Expenses $3,009,950

TOTAL EXPENSES $4,250,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,819,283	$7,675,886	-0.4%
Expenses	$4,250,644	$7,600,927	-0.4%
Net Income	$568,639	$74,959	+6.6%

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

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

$98,423

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARRIE DOTSON	EXECUTIVE DIRECTOR	40.00	Director	$98,423	$0	$98,423
RYAN MCGINNIS	DIRECTOR	2.00	Director	$0	$0	$0
MATT MAIER	DIRECTOR	2.00	Director	$0	$0	$0
KATE STEIN	DIRECTOR	2.00	Director	$0	$0	$0
SARAH WELCH	DIRECTOR	2.00	Director	$0	$0	$0
MARGE BURNETT	DIRECTOR	2.00	Director	$0	$0	$0
MATT ARMAND	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT WEGER	DIRECTOR	2.00	Director	$0	$0	$0
ADAM LITKE	DIRECTOR	2.00	Director	$0	$0	$0
RENE' ASTON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER TUCCI	DIRECTOR	2.00	Director	$0	$0	$0
SARAH WADE	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTINA CORSI	DIRECTOR	2.00	Director	$0	$0	$0
PAM FRASER	DIRECTOR	2.00	Director	$0	$0	$0
MARIAM SHAMSZAD	DIRECTOR	2.00	Director	$0	$0	$0
AARON BURKO	DIRECTOR	2.00	Director	$0	$0	$0
SEAN KRAMER	PRESIDENT	2.00	Officer	$0	$0	$0
BRITTANY SUSTAR	VICE PRESIDENT	2.00	Officer	$0	$0	$0
CHRISTINE SHOOP	TREASURER	2.00	Officer	$0	$0	$0
JENNILYNN PATTERSON-BANKS	SECRETARY	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
2024	No data	No data	No data	No data
2023	$4,819,283	$4,250,644	$1,646,695	$568,639
2022	$7,675,886	$7,600,927	$3,114,327	$74,959
2021	$5,898,404	$5,809,521	$2,217,869	$88,883
2020	$2,730,592	$2,620,506	$1,522,571	$110,086
2019	$1,650,623	$1,622,090	$579,713	$28,533
2018	$1,529,251	$1,513,809	$542,088	$15,442

LIFELINE FOR THE EMPOWERMENT AND DEVELOPMENT OF CONSUMERS INC