RESTORE LIFE INCORPORATED (EIN 264394379) - 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

DANIEL IVERSON IV

Phone

4047040718

Tax Period

2023-07-01 to 2024-06-30

RESTORE LIFE INCORPORATED, founded in 2009, is a small nonprofit in the Employment sector that reported $751K in total revenue in fiscal year 2023. Expenses of $718K left a modest 4% surplus.

Mission

TO DISCOVER AND DEVELOP EFFECTIVE RESOURCESLOCAL LEADERS AS EMPOWERED DISPERSANTS OF COMMUNITY DEVELOPMENT. OUR SIX CORE VALUES DRIVE US IN OUR DECISION MARKING AS WE ACCOMPLISH OUR MISSION: RELATIONSHIPS, RECONCILIATION, REDEMPTION, RESTORATION, RESILIENCE AND RENAISSANCE.

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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 $751,049

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $751,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $262,076

Fundraising Expenses $37,334

Program Expenses $448,834

Other Expenses $456,269

TOTAL EXPENSES $718,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$751,051	$706,850	+0.1%
Expenses	$718,345	$699,907	+0.0%
Net Income	$32,706	$6,943	+3.7%

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

120

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

$20,000

Total Directors

$180,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL IVERSON IV	CO-EXECUTIVE DIRECTOR	40.00	Director	$80,167	$0	$80,167
LARRY CORKER	MEMBER	1.00	Officer Director	$0	$0	$0
PATRICIA T BRADFORD CPA	TREASURER	1.00	Officer Director	$0	$0	$0
ARLETTA T BRINSON	MEMBER	1.00	Director	$0	$0	$0
CYNTHIA ELLISON	SECRETARY	40.00	Officer Director	$20,000	$0	$20,000
JACQUES HALL JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TOLIVER WILLS	MEMBER	1.00	Director	$0	$0	$0
LEONARD MATHIS	MEMBER	1.00	Director	$0	$0	$0
CLARENCE ADAMS	CO-EXECUTIVE OFFICER	35.00	Director	$80,167	$0	$80,167
TERRICE BLACKWELL	MEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$751,051	$718,345	$116,188	$32,706
2024	No data	No data	No data	No data
2023	$706,850	$699,907	$60,070	$6,943
2022	$808,308	$804,478	$60,622	$3,830
2021	$481,181	$481,150	$49,651	$31
2020	$451,633	$483,939	$73,624	$-32,306

RESTORE LIFE INCORPORATED