LIGHT OF LIFE MINISTRIES INC (EIN 251056389) - 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

1952

Legal Domicile

Principal Officer

JERREL GILLIAM

Phone

4122586162

Tax Period

2023-10-01 to 2024-09-30

LIGHT OF LIFE MINISTRIES INC, founded in 1952, is a mid-sized nonprofit in the Human Services sector that reported $11.8M in total revenue in fiscal year 2023. Expenses of $13.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE FOOD FOR THE HUNGRY, SHELTER FOR THE HOMELESS AND OFFER A LIFE TRANSFORMING PROGRAM TO ADDRESS THE RECOVERY, EMPLOYMENT AND SPIRITUAL NEEDS OF DISADVANTAGED MEN, WOMEN AND CHILDREN, IN ORDER TO EQUIP THEM TO LEAD HEALTHY, PRODUCTIVE AND SELF-SUFFICIENT LIVES.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $11,042,010

Program Service Revenue $16,330

Investment Income $735,310

Other Revenue $-27,441

TOTAL REVENUE $11,766,209

Expense Breakdown

Grants Paid $160,000

Salaries & Benefits $6,116,982

Fundraising Expenses $2,010,889

Program Expenses $9,016,482

Other Expenses $6,814,218

TOTAL EXPENSES $13,353,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,766,209	$12,255,627	0.0%
Expenses	$13,353,417	$11,085,832	+0.2%
Net Income	$-1,587,208	$1,169,795	-2.4%

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

110

Volunteers

1000

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

$158,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATALIE KRETER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RACHEL SCHMIEDLIN	TREASURER	1.00	Officer Director	$0	$0	$0
REBECCA FATICA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS CHANEY	SECRETARY	1.00	Officer Director	$0	$0	$0
GASH ABEBE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSALYN R FREEMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RITA HUCKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL WOLFE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR EDWIN KAIRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
DEBORAH PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM DORAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK ROADARMEL	BOARD MEMBER	1.00	Director	$0	$0	$0
DONALD TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
FALCO MUSCANTE	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM RIMMEL	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM LUCAS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CATHY SIGMUND	BOARD MEMBER	1.00	Director	$0	$0	$0
JERREL GILLIAM	EXECUTIVE DIRECTOR	40.00	Officer	$136,051	$22,265	$158,316
DOUG SMITH	ASSISTANT EXECUTIVE DIRECTOR	40.00	Highest	$102,130	$20,833	$122,963

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	$11,766,209	$13,353,417	$40,562,062	$-1,587,208
2023	$12,255,627	$11,085,832	$37,972,657	$1,169,795
2022	$14,020,024	$9,797,145	$29,374,572	$4,222,879
2021	$12,091,518	$8,925,459	$24,514,350	$3,166,059
2020	$12,606,370	$8,837,007	$19,219,397	$3,769,363
2019	$11,430,954	$7,517,484	$10,574,980	$3,913,470
2018	$7,067,245	$6,672,986	$6,226,242	$394,259

LIGHT OF LIFE MINISTRIES INC