GREATER LIFE INC (EIN 300212814) - 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

2003

Legal Domicile

Principal Officer

Michael Westbrook

Phone

9739232264

Tax Period

2023-01-01 to 2023-12-31

GREATER LIFE INC, founded in 2003, is a small nonprofit in the Recreation & Sports sector that reported $735K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum.

Mission

TO EDUCATE AND INSPIRE AT-RISK AND BEHAVIORLY CHALLENGED YOUTH AND FAMILY MEMBERS WITH INNOVATIVE AND CULTURALLY-SENSITIVE PROGRAMS, SO THEY MAY THRIVE ACADEMICALLY, SOCIALLY, PHYSCIALLY AND SPIRITUALLY.

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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 $733,361

Program Service Revenue $1,142

Investment Income $406

Other Revenue $0

TOTAL REVENUE $734,909

Expense Breakdown

Grants Paid $0

Salaries & Benefits $284,483

Fundraising Expenses $31,324

Program Expenses $632,479

Other Expenses $441,835

TOTAL EXPENSES $726,318

Year-over-Year Comparison

	2023	2022	Change
Revenue	$734,909	$520,689	+0.4%
Expenses	$726,318	$577,170	+0.3%
Net Income	$8,591	$-56,481	-1.2%

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

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

$139,683

Total Directors

$139,683

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WESTBROOK	PRESIDENT	40.00	Officer Director	$35,360	$36,363	$71,723
MARIA WESTBROOK	VICE PRESIDENT	40.00	Officer Director	$57,200	$10,760	$67,960
ANDREW MANNS	CHAIRMAN	10.00	Officer Director	$0	$0	$0
VERA UPSHAW	DIRECTOR	5.00	Director	$0	$0	$0
SANFORD GARRETT	DIRECTOR	5.00	Director	$0	$0	$0
PAMELA GARRETT	DIRECTOR	5.00	Director	$0	$0	$0
MARVIN ANTHONY	DIRECTOR	5.00	Director	$0	$0	$0
DARLENE ANTHONY	DIRECTOR	5.00	Director	$0	$0	$0
ALMERIA LEE-PATTERSON	SECRETARY	5.00	Officer Director	$0	$0	$0
PATRICIA WILLIAMS	DIRECTOR	5.00	Director	$0	$0	$0
CHARLES MITCHELL	DIRECTOR	5.00	Director	$0	$0	$0
HILTON RAWLS	DIRECTOR	5.00	Director	$0	$0	$0
ROBIN MITCHELL	DIRECTOR	5.00	Director	$0	$0	$0
JACQUI GIBBS	DIRECTOR	5.00	Director	$0	$0	$0
VENDETTA KEYES	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT DAVIS	EMPLOYEE	35.00	Director	$0	$0	$0
ROBERT COLE	DIRECTOR	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$734,909	$726,318	$422,680	$8,591
2022	$520,689	$577,170	$410,553	$-56,481
2021	$626,219	$564,492	$463,151	$61,727
2020	$542,349	$466,006	$437,843	$76,343
2020	$542,349	$466,006	$437,843	$76,343

GREATER LIFE INC