LIFECHOICES INC

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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

2010

Legal Domicile

Principal Officer

KARI RENNIE

Phone

7342952220

Tax Period

2024-05-01 to 2025-04-30

LIFECHOICES INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.8M exceeded revenue, resulting in a 80% operating deficit.

Mission

IT IS THE MISSION OF THE EVANGELICAL HOMES OF MICHIGAN, A HEALTH AND HUMAN SERVICE MINISTRY RELATED TO THE UNITED CHURCH OF CHRIST, TO PROVIDE HEALTH AND HOUSING SERVICES TO PERSONS WHO ARE ELDERLY IN MANNER WHICH RESPECTS THEIR RIGHTS, DIGNITY AND WORTH AS CHILDREN OF GOD AND TO RENDER THOSE SERVICES WITH COMPASSION AND PATIENCE IN ACCORDANCE WITH THE HIGHEST PROFESSIONAL AND ETHICAL STANDARDS.

Program Service Accomplishments

Program 1

Expenses: $1,742,221 Revenue: $932,793

LIFE CHOICES INC. IS A HOMEBASED SERVICE PROVIDER OFFERING A "CONTINUING CARE RETIREMENT COMMUNITY WITHOUT WALLS." IN MAY 2015, LIFECHOICES INC. BECAME RECOGNIZED AS THE FIRST CONTINUING CARE AT HOME PROGRAM REGISTERED THROUGH THE DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS IN MICHIGAN. THE ORGANIZATION PROVIDED IN HOME CARE SERVICES TO 120 SENIOR ADULTS IN FY2025.

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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 $0

Program Service Revenue $932,793

Investment Income $86,121

Other Revenue $0

TOTAL REVENUE $1,018,914

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,203

Fundraising Expenses $0

Program Expenses $1,742,221

Other Expenses $1,484,873

TOTAL EXPENSES $1,836,076

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,018,914	$1,082,286	-0.1%
Expenses	$1,836,076	$1,867,337	0.0%
Net Income	$-817,162	$-785,051	+0.0%

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

N/A

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

$397,166

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS A HOSINSKI	CHIEF EXECUTIVE OFFICER (TIL 9/24)	0.40	Officer	$0	$10,171	$280,397
JULIE A WIEWIORA	CHIEF FINANCIAL OFFICER (TIL 5/24)	0.40	Officer	$0	$6,104	$99,942
STEVE HOLDA	CHIEF FINANCIAL OFFICER (START 11/24)	0.40	Officer	$0	$0	$16,827
KARI RENNIE	CHIEF EXECUTIVE OFFICER (START 3/25)	0.40	Officer	$0	$0	$0
REV JAMES CURENTON	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
REV LINDA ANDERSON	VICE CHAIR	0.20	Officer Director	$0	$0	$0
REV CHARITY OMARTUIAN	SECRETARY	0.10	Officer Director	$0	$0	$0
JIM MANGI	TREASURER	0.10	Officer Director	$0	$0	$0
REV DR ED BRAY	DIRECTOR	0.10	Director	$0	$0	$0
REV DR GEOFFREY DRUTCHAS	DIRECTOR	0.10	Director	$0	$0	$0
REV DR HERMAN HALLER	DIRECTOR	0.10	Director	$0	$0	$0
ANGELA JAMISON	DIRECTOR	0.10	Director	$0	$0	$0
MARILYN PEARSON	DIRECTOR	0.10	Director	$0	$0	$0
MARGHERITA FISHER	DIRECTOR	0.10	Director	$0	$0	$0
DR PAUL T VON OEYEN	DIRECTOR	0.10	Director	$0	$0	$0
REV CASE VAN KEMPEN	DIRECTOR	0.10	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	$1,018,914	$1,836,076	$2,168,866	$-817,162
2024	No data	No data	No data	No data
2023	$1,489,135	$1,570,524	$4,154,739	$-81,389
2022	$1,225,158	$1,267,903	$4,127,028	$-42,745
2021	$1,172,444	$1,006,491	$4,891,972	$165,953
2020	$1,114,405	$900,208	$4,124,753	$214,197
2019	$968,268	$773,090	$3,996,285	$195,178
2018	$829,712	$801,826	$3,651,225	$27,886