LIFE SPAN HOME INC (EIN 263679357) - 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

CRAIG GILLETT

Phone

9169650110

Tax Period

2023-01-01 to 2023-12-31

LIFE SPAN HOME INC, founded in 2008, is a small nonprofit in the Human Services sector that reported $234K in total revenue in fiscal year 2023. Revenue fell 99% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $186K, a strong 79% operating margin.

Mission

THE MISSION IS TO PROMOTE, CONTRIBUTE TO AND FOSTER SUPPORT FOR AFFORDABLE HOUSING PRODUCTION AND ENHANCE INNOVATIVE HEALTH, SOCIAL AND EDUCATIONAL SERVICES IN UNDERSERVED COMMUNITIES TO PERSONS WITH DISABILITIES AND PERSONS OF LOW-INCOME.

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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 $0

Program Service Revenue $233,640

Investment Income $0

Other Revenue $0

TOTAL REVENUE $233,640

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $20,000

Other Expenses $27,919

TOTAL EXPENSES $47,919

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,640	$23,468,500	-1.0%
Expenses	$47,919	$5,177	+8.3%
Net Income	$185,721	$23,463,323	-1.0%

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

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
BETH SOUTHERN	BOARD VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CRAIG GILLETT	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
DARREN BOBROVSKY	BOARD DIRECTOR	2.00	Director	$0	$0	$0
EDWARD HERZOG	BOARD TREASURER	5.00	Officer Director	$0	$0	$0
GEOFF BROWN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
KEN ROBERTSON	BOARD SECRETARY	10.00	Officer Director	$0	$0	$0
KYLE ARNDT	BOARD DIRECTOR	2.00	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	$233,640	$47,919	$25,302,897	$185,721
2022	$23,468,500	$5,177	$24,976,686	$23,463,323

LIFE SPAN HOME INC