LIFE CENTER OF ELKHART COUNTY (EIN 262617552) - 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

SCOTT TUTTLE

Tax Period

2023-01-01 to 2023-12-31

LIFE CENTER OF ELKHART COUNTY, founded in 2008, is a small nonprofit in the Education sector that reported $264K in total revenue in fiscal year 2023. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $168K, a strong 64% operating margin.

Mission

TO PROVIDE VOCATIONAL TRAINING AS WELL AS TEACH BIBLICAL PRINCIPLES FOR SUCCESS IN ALL AREAS OF THEIR LIVES

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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 $281,336

Program Service Revenue $0

Investment Income $0

Other Revenue $-17,805

TOTAL REVENUE $263,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $131,012

Other Expenses $95,207

TOTAL EXPENSES $95,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,531	$718,000	-0.6%
Expenses	$95,207	$133,644	-0.3%
Net Income	$168,324	$584,356	-0.7%

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

N/A

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
SCOTT TUTTLE	PRESIDENT	1	Officer	$0	$0	$0
SHARON FORTE	SEC TREAS	1	Officer	$0	$0	$0
SCOTT TUTTLE	PRESIDENT	2	Officer	$0	$0	$0
SHARON FORTE	SEC TREAS	2	Officer	$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	$263,531	$95,207	$2,713,889	$168,324
2022	$718,000	$133,644	$2,973,256	$584,356
2021	$20,205	$135,126	$3,068,370	$-114,921
2020	$228,648	$96,950	$3,162,996	$131,698
2019	$-21,560	$92,027	$3,264,689	$-113,587
2018	$-10,232	$101,589	$3,353,916	$-111,821

LIFE CENTER OF ELKHART COUNTY