Life Houses Inc (EIN 264187395) - 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

2009

Legal Domicile

Principal Officer

Anita Sherley

Phone

4064595250

Tax Period

2024-01-01 to 2024-12-31

Life Houses Inc, founded in 2009, is a small nonprofit in the Mental Health sector that reported $169K in total revenue in fiscal year 2024. Expenses of $155K left a modest 8% surplus.

Mission

Life Houses empowers young adults by providing mentorship, guidance, and a nurturing community that fosters personal growth and strong, supportive relationships within a safe living environment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $116,275

Program Service Revenue $43,645

Investment Income $4,150

Other Revenue $4,525

TOTAL REVENUE $168,595

Expense Breakdown

Grants Paid $3,600

Salaries & Benefits $51,127

Fundraising Expenses $37,338

Program Expenses $78,737

Other Expenses $100,702

TOTAL EXPENSES $155,429

Year-over-Year Comparison

	2024	2023	Change
Revenue	$168,595	$162,076	+0.0%
Expenses	$155,429	$110,661	+0.4%
Net Income	$13,166	$51,415	-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

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

$46,404

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christine Roberts	Past Exec Dir	19.00	Officer	$25,349	$0	$25,349
Derek Calvert	Executive Dir.	30.00	Officer	$21,055	$0	$21,055
Adrianne Cotton	Director	1.00	Director	$0	$0	$0
Erin Good	Director	1.00	Director	$0	$0	$0
Carrie Miller	Director	1.00	Director	$0	$0	$0
Kay Pace	Director	1.00	Director	$0	$0	$0
Jay Sherley	Director	3.00	Director	$0	$0	$0
Tammy Priddy	Chair	4.00	Officer Director	$0	$0	$0
Anita Sherley	Co-chair	5.00	Officer Director	$0	$0	$0
Michele Faure	Secretary	4.00	Officer Director	$0	$0	$0
John Citi	Treasurer	1.00	Officer Director	$0	$0	$0
Pam Charlton	Past Treasurer	1.00	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	$168,595	$155,429	$352,486	$13,166
2023	$162,076	$110,661	$342,715	$51,415

Life Houses Inc