LIFE SOURCE INTERNATIONAL CHARTER SCHOOL

EIN: 261375692 501(c)(3) Education

LANCASTER, CA

Total Revenue
$10,378,344
Total Expenses
$8,915,749
Total Assets
$7,108,726
Net Assets
$3,427,549
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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
CA
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

WE ARE COMMITTED TO ACADEMIC EXCELLENCE BY VIGOROUSLY ENGAGING STUDENTS IN A RIGOROUS, STUDENT-CENTERED LEARNING ENVIRONMENT THAT WILL FOSTER THE DEVELOPMENT OF GLOBAL CITIZENS.

Program Service Accomplishments

Program 1
Expenses: $6,617,407

THROUGH ITS ACADEMICALLY ADVANCED CURRICULUM, LIFE SOURCE INTERNATIONAL CHARTER SCHOOL'S VISION IS TO PRODUCE GLOBALLY RESPONSIBLE CITIZENS WHO ARE CHALLENGED TO CULTIVATE PERSONAL, POSITIVE, AND...

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THROUGH ITS ACADEMICALLY ADVANCED CURRICULUM, LIFE SOURCE INTERNATIONAL CHARTER SCHOOL'S VISION IS TO PRODUCE GLOBALLY RESPONSIBLE CITIZENS WHO ARE CHALLENGED TO CULTIVATE PERSONAL, POSITIVE, AND IMPACTFUL CHANGE IN THEIR COMMUNITIES.

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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 (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

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Governance

Voting Members
3
Independent Members
3
Employees
50
Volunteers
3

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
4
$278,128
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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