LIFE CHARITIES INC (EIN 273504467) - 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

2011

Legal Domicile

Principal Officer

STEVEN PRUSKY

Phone

9515951525

Tax Period

2023-01-01 to 2023-12-31

LIFE CHARITIES INC, founded in 2011, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE ORGINIZATION'S MISSION IS TO ENHANCE THE QUALITY OF LIFE AND ALLEVIATE THE SUFFERING OF HUMAN BEINGS BY PROVIDING HUMANITARIAN RELIEF AND DEVELOPMENTAL RELIEF AID TO PEOPLE.

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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 $1,360,878

Program Service Revenue $0

Investment Income $0

Other Revenue $343

TOTAL REVENUE $1,361,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $3,278

Program Expenses $1,348,149

Other Expenses $1,390,387

TOTAL EXPENSES $1,390,387

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,361,221	$1,218,854	+0.1%
Expenses	$1,390,387	$1,178,657	+0.2%
Net Income	$-29,166	$40,197	-1.7%

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

N/A

Employees

N/A

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

$3,000

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY BECKS	CFO	30.0	Officer Director	$3,000	$0	$3,000
ROBERT SCHRODER	DIRECTOR	2.0	Director	$0	$0	$0
LAWRENCE CUTTING	DIRECTOR	10.0	Director	$0	$0	$0
STEVEN G PRUSKY	CHAIRMAN	6.0	Officer Director	$0	$0	$0
BODET PHAI	DIRECTOR	2.0	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	$1,361,221	$1,390,387	$92,469	$-29,166
2022	$1,218,854	$1,178,657	$121,635	$40,197
2021	$1,186,725	$1,217,790	$81,438	$-31,065
2020	$1,143,263	$1,123,190	$112,503	$20,073
2019	$1,075,716	$1,063,654	$92,430	$12,062
2018	$1,124,710	$1,152,944	$80,368	$-28,234

LIFE CHARITIES INC