LIFECHANGES FAMILY GUIDANCE&WELLNES

EIN: 260650462 501(c)(3) Mental Health

WINSTON SALEM, NC

Total Revenue
$319,681
Total Expenses
$366,448
Total Assets
$142,302
Net Assets
$-66,160
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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
2021
Principal Officer
LATRINA D WINFORD
Phone
3365776652
Tax Period
2024-01-01 to 2024-12-31

LIFECHANGES FAMILY GUIDANCE&WELLNES, founded in 2021, is a small nonprofit in the Mental Health sector that reported $320K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $366K exceeded revenue, resulting in a 15% operating deficit.

Mission

LIFE CHANGES FAMILY GUIDENCE WORKS WITH FAMILIES TO REDUCE THEIR CRISISES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $319,681
Investment Income $0
Other Revenue $0
TOTAL REVENUE $319,681

Expense Breakdown

Grants Paid $0
Salaries & Benefits $262,209
Fundraising Expenses $0
Program Expenses $325,292
Other Expenses $104,239
TOTAL EXPENSES $366,448

Year-over-Year Comparison

2024 2023 Change
Revenue $319,681 $423,987 -0.2%
Expenses $366,448 $391,313 -0.1%
Net Income $-46,767 $32,674 -2.4%
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

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Governance

Voting Members
1
Independent Members
1
Employees
7
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
1
$39,212
Total Directors
1
$39,212
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LATRINA D WINFORD PRESIDENT 40.00
Officer Director
$39,212 $0 $39,212
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 $319,681 $366,448 $142,302 $-46,767
2023 $423,987 $391,313 $180,471 $32,674
2022 $265,689 $317,756 $145,950 $-52,067
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