GRAND RAPIDS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOAR DBA READY FOR LIFE, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 10% surplus.
TO PROVIDE ADULTS EXPERIENCING COGNITIVE, LEARNING, AND SOCIAL DISABILITIES OPPORTUNITIES TO BE CHALLENGED ACADEMICALLY, BUILD RELATIONSHIPS AND PREPARE FOR THEIR TRANSITION INTO A MORE INDEPENDENT LIFE.
THE READY FOR LIFE ACADEMY PROVIDES POST-SECONDARY EDUCATIONAL EXPERIENCES FOR COLLEGE-AGED INDIVIDUALS DIAGNOSED WITH COGNITIVE, LEARNING, OR SOCIAL DISABILITIES. EACH STUDENT BEGINS THE PROGRAM BY...
THE READY FOR LIFE ACADEMY PROVIDES POST-SECONDARY EDUCATIONAL EXPERIENCES FOR COLLEGE-AGED INDIVIDUALS DIAGNOSED WITH COGNITIVE, LEARNING, OR SOCIAL DISABILITIES. EACH STUDENT BEGINS THE PROGRAM BY BUILDING A STUDENT-CENTERED LEARNING PLAN TO DEVELOP REALISTIC LEARNING OBJECTIVES, AND IDENTIFY AREAS OF NATURAL TALENT TO BE FURTHER DEVELOPED. BASED ON THE STUDENT'S INTERESTS AND ABILITIES, THE COLLEGES OFFER NON-CREDIT EARNING CLASSES WHICH ARE INTENTIONALLY SELECTED FOR THE STUDENTS TO ATTEND. THE CURRICULUM USED FOCUSES ON TRANSITION SKILLS TO HELP STUDENTS GAIN INDEPENDENCE AND JOB SKILLS AND COURSES ARE TAUGHT TO SUPPLEMENT THE COLLEGE CLASSES THE STUDENTS ATTEND.
GROUP CLS SERVICES PROVIDE WORK AND LIFE SKILL TRAINING FOR INDIVIDUALS EXPERIENCING COGNITIVE, LEARNING, OR SOCIAL DISABILITIES. WORK AND LIFE SKILLS ARE DEVELOPED THROUGH VOLUNTEERISM, COMMUNITY...
GROUP CLS SERVICES PROVIDE WORK AND LIFE SKILL TRAINING FOR INDIVIDUALS EXPERIENCING COGNITIVE, LEARNING, OR SOCIAL DISABILITIES. WORK AND LIFE SKILLS ARE DEVELOPED THROUGH VOLUNTEERISM, COMMUNITY INTEGRATION AND INTERACTIVE LESSONS WHICH ENABLE EACH PERSON TO ACHIEVE THEIR INDIVIDUALIZED GOALS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,397,078 | $1,160,535 | +0.2% |
| Expenses | $1,254,145 | $1,043,263 | +0.2% |
| Net Income | $142,933 | $117,272 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DEEDEE STAKLEY | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BECKIE HADLEY | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MIKE HAZEL | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHIRLEY EICHENBERG | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CARLA WICKS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TONI FALK | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$78,256 | $5,922 | $84,178 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,397,078 | $1,254,145 | $1,061,065 | $142,933 |
| 2024 | $1,160,535 | $1,043,263 | $884,451 | $117,272 |
| 2023 | $1,195,763 | $1,152,730 | $758,762 | $43,033 |
| 2022 | $1,008,588 | $1,062,992 | $709,852 | $-54,404 |
| 2021 | $963,863 | $852,811 | $781,625 | $111,052 |
| 2019 | $791,601 | $694,909 | $670,317 | $96,692 |
| 2018 | $588,170 | $505,034 | $544,508 | $83,136 |
Compare SOAR DBA READY FOR LIFE with other nonprofits in Michigan and across the country.