TRUE LIFE INC

EIN: 300815454 501(c)(3) Religion

BEL AIR, MD

Total Revenue
$233,324
Total Expenses
$226,779
Total Assets
$65,387
Net Assets
$64,882
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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
2014
Legal Domicile
MD
Phone
4106504074
Tax Period
2024-01-01 to 2024-12-31

TRUE LIFE INC, founded in 2014, is a small nonprofit in the Religion sector that reported $233K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

A RELIGIOUS AND EDUCATIONAL INSTITUTION THAT PROMOTES, ENCOURAGES AND PROVIDES BIBLICAL TEACHING AND TRAINING.

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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 $124,963
Program Service Revenue $108,123
Investment Income $238
Other Revenue $0
TOTAL REVENUE $233,324

Expense Breakdown

Grants Paid $0
Salaries & Benefits $165,200
Fundraising Expenses $588
Program Expenses $156,392
Other Expenses $61,579
TOTAL EXPENSES $226,779

Year-over-Year Comparison

2024 2023 Change
Revenue $233,324 $246,603 -0.1%
Expenses $226,779 $217,110 +0.0%
Net Income $6,545 $29,493 -0.8%
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
3
Independent Members
N/A
Employees
12
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
2
$102,655
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RON POWELL CEO 40.00
Officer
$102,655 $0 $102,655
SUSAN DYER Secretary 5.00
Director
$0 $0 $0
CAROLYN KUSTANBAUTER Treasurer 5.00
Officer
$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 $233,324 $226,779 $65,387 $6,545
2023 $246,603 $217,110 $60,154 $29,493
2022 $239,988 $251,680 $29,408 $-11,692
2021 $257,207 $262,060 $44,256 $-4,853
2020 $255,865 $215,158 $47,841 $40,707
2019 $196,530 $205,874 $7,211 $-9,344
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