Restore Life USA Inc (EIN 263319264) - 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

Richard A Hicks

Phone

4236310067

Tax Period

2023-09-01 to 2024-08-31

Restore Life USA Inc, founded in 2008, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023. The organization ran a surplus of $383K, a strong 21% operating margin.

Mission

RESTORE LIFE RECEIVES WHOLE BODY DONATIONS. FROM THESE DONATIONS SPECIMENS ARE PROVIDED TO RESEARCHERS AND EDUCATORS FOR THE ADVANCEMENT OF MEDICAL SCIENCE.

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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 $2,961

Program Service Revenue $1,847,374

Investment Income $16,807

Other Revenue $0

TOTAL REVENUE $1,867,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,387

Fundraising Expenses $0

Program Expenses $1,129,596

Other Expenses $1,068,426

TOTAL EXPENSES $1,483,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,867,142	$1,809,279	+0.0%
Expenses	$1,483,813	$1,351,808	+0.1%
Net Income	$383,329	$457,471	-0.2%

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

$129,389

Total Directors

$130,389

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD A HICKS	President	065.00	Officer Director	$128,389	$0	$128,389
ADAM PRESTRIDGE	Secretary-Treas	001.00	Officer Director	$0	$1,000	$1,000
BLAINE WINSTEAD	Member	001.00	Director	$0	$1,000	$1,000

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	$1,867,142	$1,483,813	$1,631,044	$383,329
2023	$1,809,279	$1,351,808	$1,272,451	$457,471
2022	$1,598,692	$1,527,171	$851,051	$71,521
2021	$1,404,931	$1,644,235	$792,207	$-239,304
2020	$1,326,736	$1,499,903	$1,144,125	$-173,167
2019	$1,577,020	$1,417,036	$880,145	$159,984
2018	$1,491,214	$1,431,008	$746,296	$60,206

Restore Life USA Inc