READY FOR LIFE INC (EIN 264032979) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

KATHY MIZE

Phone

7279543989

Tax Period

2024-07-01 to 2025-06-30

READY FOR LIFE INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 26% operating deficit.

Mission

TO ASSIST THE YOUTH OF THE COMMUNITY IN TRANSITIONING FROM FOSTER CARE TO ADULTHOOD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,399,047

Program Service Revenue $0

Investment Income $12,400

Other Revenue $-136,820

TOTAL REVENUE $1,274,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $722,487

Fundraising Expenses $71,998

Program Expenses $1,349,622

Other Expenses $877,334

TOTAL EXPENSES $1,599,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,274,627	$1,067,002	+0.2%
Expenses	$1,599,821	$1,189,621	+0.3%
Net Income	$-325,194	$-122,619	+1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

129

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

$113,799

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY PAT MCLAIN	CHAIRMAN	3.00	Officer Director	$0	$0	$0
PHARES N RISSER III	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
CRYSTAL MOORE	SECRETARY	2.00	Officer Director	$0	$0	$0
YVETTE BEAN	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH BEATTIE	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT CLENDENING	DIRECTOR	1.00	Director	$0	$0	$0
BEN COUGHANOUR	DIRECTOR	1.00	Director	$0	$0	$0
KAY DILLINGER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS KLINE	DIRECTOR	1.00	Director	$0	$0	$0
DR SARAH SHEFFIELD-MARCHAND	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER J MCCABE	DIRECTOR	1.00	Director	$0	$0	$0
SALLY MCLANE	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MIZE	CEO	40.00	Officer	$113,799	$0	$113,799

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
2025	$1,274,627	$1,599,821	$601,081	$-325,194
2024	$1,067,002	$1,189,621	$660,455	$-122,619
2023	$1,245,880	$1,046,243	$836,219	$199,637
2022	$1,074,608	$962,287	$401,515	$112,321
2021	$928,028	$958,378	$388,690	$-30,350
2020	$820,757	$765,337	$409,686	$55,420
2019	$905,134	$821,495	$279,731	$83,639
2018	$567,085	$643,874	$210,465	$-76,789

READY FOR LIFE INC