LIFE ENRICHMENT TRUST INC

EIN: 300223116 501(c)(3) Health Care

PITTSBURGH, PA

Total Revenue
$1,713,611
Total Expenses
$745,952
Total Assets
$114,395,088
Net Assets
$5,218,461
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
PA
Principal Officer
RICK D SENFT
Phone
4128201010
Tax Period
2024-07-01 to 2025-06-30

LIFE ENRICHMENT TRUST INC, founded in 2004, is a community nonprofit in the Health Care sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $968K, a strong 56% operating margin.

Mission

IT IS THE MISSION OF LIFE ENRICHMENT TRUST TO SERVE AS A CORPORATE FIDUCIARY FOR INDIVIDUALS WITH DISABILITIES BY PROTECTING THE ASSETS OF BENEFICIARIES, PRESERVING THEIR ELIGIBILITY FOR SERVICES, AND ENRICHING THEIR LIVES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,586,503
Investment Income $83,421
Other Revenue $43,687
TOTAL REVENUE $1,713,611

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $82,816
Other Expenses $745,952
TOTAL EXPENSES $745,952

Year-over-Year Comparison

2024 2023 Change
Revenue $1,713,611 $1,483,823 +0.2%
Expenses $745,952 $682,380 +0.1%
Net Income $967,659 $801,443 +0.2%
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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
6

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
6
$2,916,307
Total Directors
7
$285,258
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN O'KEEFE BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DEBORAH VOGEL BOARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
DENISE CAVENAUGH BOARD MEMBER 1.00
Director
$0 $0 $0
MARGARET HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
KIMBERLY MAMAUX BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM SHERBONDY EXECUTIVE DIRECTOR 1.00
Director
$0 $38,564 $285,258
DONNA BAZZONE CFO & TREASURER 1.00
Officer
$0 $39,134 $439,894
LEWIS MINETT COS & SECRETARY 1.00
Officer
$0 $43,536 $505,401
RICK D SENFT CEO & PRESIDENT 1.00
Officer
$0 $39,780 $1,295,500
ZACHARY SENFT COO & VICE PRESIDENT 1.00
Officer
$0 $43,610 $675,512
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 $1,713,611 $745,952 $114,395,088 $967,659
2024 $1,483,823 $682,380 $104,144,322 $801,443
2023 $1,399,507 $675,878 $94,919,897 $723,629
2022 $1,476,508 $651,900 $89,933,967 $824,608
2021 $1,400,603 $725,294 $94,869,329 $675,309
2020 $1,297,870 $748,987 $82,951,244 $548,883
2019 $1,357,210 $1,397,475 $83,549,472 $-40,265
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