LIFE RING FOUNDATION (EIN 270927269) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

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

KELLY S WOOLWINE

Phone

5409041732

Tax Period

2023-01-01 to 2023-12-31

Life Ring Foundation, founded in 2009, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $16K in total revenue in fiscal year 2018. Revenue fell 95% from the prior year — a significant decline worth monitoring. Expenses of $143K exceeded revenue, resulting in a 788% operating deficit.

Mission

THE FOUNDATION WAS CREATED TO PROVIDE CHARITABLE AND EMERGENCY ASSISTANCE TO INDIVIDUALS AND TAX-EXEMPT ORGANIZATIONS.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $941,767

Program Service Revenue $0

Investment Income $138,757

Other Revenue $-387,732

TOTAL REVENUE $692,792

Expense Breakdown

Grants Paid $522,000

Salaries & Benefits $48,391

Fundraising Expenses $0

Program Expenses $522,000

Other Expenses $37,685

TOTAL EXPENSES $608,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$692,792	$101,106	+5.9%
Expenses	$608,076	$85,757	+6.1%
Net Income	$84,716	$15,349	+4.5%

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

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

$37,824

Total Directors

$37,824

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JORDAN BOUSMAN	VP OF PHILAN	40.00	Officer Director	$37,824	$0	$37,824
ELIZABETH R MARTIN MD	DIRECTOR	1.00	Director	$0	$0	$0
SARAH F WILSON	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
JESSICA O WOOLWINE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
KELLY S WOOLWINE	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD E WOOLWINE	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$692,792	$608,076	$308,491	$84,716
2022	$101,106	$85,757	$216,961	$15,349
2020	$21,459	$71,440	$233,633	$-49,981
2019	$47,969	$64,199	$283,614	$-16,230
2018	$16,066	$142,656	$271,789	$-126,590

LIFE RING FOUNDATION