LIFE SOURCE INTERNATIONAL CHARTER SCHOOL (EIN 261375692) - 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

2008

Legal Domicile

Principal Officer

DEBERAE CULPEPPER-OFORI

Phone

6615792970

Tax Period

2022-07-01 to 2023-06-30

LIFE SOURCE INTERNATIONAL CHARTER SCHOOL, founded in 2008, is a mid-sized nonprofit in the Education sector that reported $10.4M in total revenue in fiscal year 2022. Revenue surged 106% from the prior year, signaling strong growth momentum. Expenses of $8.9M left a modest 14% surplus.

Mission

OUR PURPOSE IS TO PROVIDE A SAFE, HAPPY ENVIRONMENT FOR YOUR CHILD, WHERE THEY ARE ABLE TO BE THEMSELVES AND THRIVE; WHILE ACQUIRING THE EDUCATIONAL FOUNDATION NEEDED TO ACHIEVE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,924,558

Program Service Revenue $0

Investment Income $0

Other Revenue $453,786

TOTAL REVENUE $10,378,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,684,303

Fundraising Expenses $0

Program Expenses $6,617,407

Other Expenses $6,231,446

TOTAL EXPENSES $8,915,749

Year-over-Year Comparison

	2022	2021	Change
Revenue	$10,378,344	$5,038,943	+1.1%
Expenses	$8,915,749	$5,624,118	+0.6%
Net Income	$1,462,595	$-585,175	-3.5%

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

$278,128

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY PATTERSON	PRESIDENT	0.25	Officer Director	$0	$0	$0
JOSEPH LAING	TREASURER	0.25	Officer Director	$0	$0	$0
RONALD WILLIS	SECRETARY	0.25	Officer Director	$0	$0	$0
DR DEBERAE CULPEPPER	EXECUTIVE DIRECTOR	40.00	Officer	$226,004	$52,124	$278,128

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
2023	$10,378,344	$8,915,749	$7,108,726	$1,462,595
2022	$5,038,943	$5,624,118	$5,917,170	$-585,175
2021	$5,924,255	$4,980,512	$6,698,942	$943,743
2020	$5,444,778	$5,292,943	$5,803,633	$151,835
2019	$5,663,873	$5,426,207	$4,698,055	$237,666
2018	$5,329,743	$5,349,679	$4,681,768	$-19,936

LIFE SOURCE INTERNATIONAL CHARTER SCHOOL