LIFEGATE FREEDOM REC MINISTRIES INC (EIN 262578843) - 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

2012

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

LIFEGATE FREEDOM REC MINISTRIES INC, founded in 2012, is a small nonprofit in the Mental Health sector that reported $860K in total revenue in fiscal year 2023. The organization ran a surplus of $140K, a strong 16% operating margin.

Mission

MW SERVICES 104 INDTF GROUP MEETING 104 INDRESIDENTS IN PROGRAM 177SUCESSFUL DISCHARGES 58

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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 $860,208

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $860,208

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,318

Fundraising Expenses $0

Program Expenses $719,943

Other Expenses $466,625

TOTAL EXPENSES $719,943

Year-over-Year Comparison

	2023	2022	Change
Revenue	$860,208	N/A	N/A
Expenses	$719,943	N/A	N/A
Net Income	$140,265	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATS JOHANSSON	DIRECTOR	0.00	Director	$0	$0	$0
TIFFANY EGDORF	DIRECTOR	0.00	Director	$0	$0	$0
STEFANI LORBIECKI	DIRECTOR	0.00	Director	$0	$0	$0
ZACHARY HILL	DIRECTOR	0.00	Director	$0	$0	$0
KEVIN DAY	EXECUTIVE DIRECTOR	40.00	Director Key Emp	$0	$0	$0
GLENNA RIDDLE	DIRECTOR	5.00	Director	$0	$0	$0
JOHN M YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HOSKINS	PRESIDENT	5.00	Officer Director	$0	$0	$0
STACY WOUTERS	SECRETARY	5.00	Officer 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	No data	No data	No data	No data
2023	$860,208	$719,943	$172,145	$140,265
2022	$580,554	$477,438	$457,022	$103,116
2021	$383,769	$245,728	$453,701	$138,041

LIFEGATE FREEDOM REC MINISTRIES INC