LIFE TOOLS COMMUNITY DEVELOPMENT CORPORATION (EIN 270070164) - 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

2004

Legal Domicile

Phone

7704895990

Tax Period

2024-01-01 to 2024-12-31

LIFE TOOLS COMMUNITY DEVELOPMENT CORPORATION, founded in 2004, is a small nonprofit in the Human Services sector that reported $603K in total revenue in fiscal year 2024. Expenses of $667K exceeded revenue, resulting in a 11% operating deficit.

Mission

OUR MISSION IS TO PREPARE AND EQUIP INDIVIDUALS FOR ECONOMIC AND LIFE CHALLENGING SITUATIONS AS IT RELATES TO THEIR PERSONAL GROWTH AND DEVELOPMENT.

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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 $508,429

Program Service Revenue $94,338

Investment Income $0

Other Revenue $0

TOTAL REVENUE $602,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $229,895

Fundraising Expenses $0

Program Expenses $503,250

Other Expenses $436,832

TOTAL EXPENSES $666,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$602,767	$605,351	0.0%
Expenses	$666,727	$531,759	+0.3%
Net Income	$-63,960	$73,592	-1.9%

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

$25,831

Total Directors

$25,831

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK SMITH	EXECUTIVE DIRECTOR	40.00	Officer Director	$25,831	$0	$25,831
JARELL MIKELL	TREASURER	8.00	Director	$0	$0	$0
CHRIS PITTS	BOARD MEMBER	8.00	Director	$0	$0	$0
TJ KISH	BOARD MEMBER	8.00	Director	$0	$0	$0
DAN HOLMES	BOARD MEMBERSECRETARY	8.00	Director	$0	$0	$0
ANDREW DOYLEY	BOARD MEMBER	8.00	Director	$0	$0	$0
DAVID WILSON	BOARD MEMBER	8.00	Director	$0	$0	$0
BRANDON SWAFFORD	BOARD MEMBER	8.00	Director	$0	$0	$0
DAVID DIVINE	PRESIDENT	24.00	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	$602,767	$666,727	$826,105	$-63,960
2023	$605,351	$531,759	$895,865	$73,592
2022	$707,573	$566,442	$842,553	$141,131
2021	$645,702	$523,384	$697,031	$122,318
2020	$673,034	$466,360	$575,195	$206,674
2019	$546,225	$509,443	$275,725	$36,782
2018	$409,825	$387,774	$242,669	$22,051

LIFE TOOLS COMMUNITY DEVELOPMENT CORPORATION