LIFE ELDERCARE INC (EIN 237455567) - 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

1975

Legal Domicile

Phone

5108940370

Tax Period

2023-07-01 to 2024-06-24

LIFE ELDERCARE INC, founded in 1975, is a small nonprofit in the Human Services sector that reported $507K in total revenue in fiscal year 2023. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 796% operating deficit.

Mission

LIFE ELDERCARE OFFERS FREE SIMPLE AND IMPORTANT SERVICES FOR OLDER ADULTS WHO PREFER TO REMAIN LIVING AT HOME

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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 $260,474

Program Service Revenue $1,241

Investment Income $5,280

Other Revenue $239,612

TOTAL REVENUE $506,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $827,638

Fundraising Expenses $6,090

Program Expenses $696,478

Other Expenses $3,711,328

TOTAL EXPENSES $4,538,966

Year-over-Year Comparison

	2023	2022	Change
Revenue	$506,607	$3,269,312	-0.8%
Expenses	$4,538,966	$3,429,991	+0.3%
Net Income	$-4,032,359	$-160,679	+24.1%

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

Total Directors

Key Employees

$426,116

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LILY SHIH	SECRETARY	0.50	Director	$0	$0	$0
JOHN ZUBIENA	VICE PRESIDENT	0.50	Director	$0	$0	$0
ASHOK DESAI	TREASURER	0.50	Director	$0	$0	$0
DR JOSEPH PRITCHARD	BOARD MEMBER	0.50	Director	$0	$0	$0
DEBRA WATANUKI	BOARD MEMBER	0.50	Director	$0	$0	$0
BETH HOFFMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
KIM AGASAVEERAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DIANNE MARTIN	BOARD MEMBER	0.50	Director	$0	$0	$0
Patricia Osage	Executive Director	40	Key Emp	$157,687	$0	$157,687
Valerie Drakeseke	Office Manager	40	Key Emp	$167,226	$0	$167,226
Jennifer Shiveley	Program Manager	40	Key Emp	$101,203	$0	$101,203
RUTH LIU	President	0.50	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	$506,607	$4,538,966	No data	$-4,032,359
2023	$3,269,312	$3,429,991	$4,428,226	$-160,679
2022	$3,876,795	$3,450,074	$4,684,305	$426,721
2021	$5,488,553	$3,782,158	$4,421,420	$1,706,395

LIFE ELDERCARE INC