LIFE CARE RESIDENCES INC (EIN 330289899) - 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

1988

Legal Domicile

Principal Officer

Car

Phone

7605352859

Tax Period

2024-10-01 to 2025-09-30

LIFE CARE RESIDENCES INC, founded in 1988, is a small nonprofit in the Health Care sector that reported $668K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 207% operating deficit.

Mission

To provide necessary care and services to the poor, disabled, and elderly. This includes the sorting, storing, and distributing of building materials, non-perishable food, toys, clothing, and home-goods to low-income members of our community in need.

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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 $620,000

Program Service Revenue $0

Investment Income $41,550

Other Revenue $6,000

TOTAL REVENUE $667,550

Expense Breakdown

Grants Paid $620,000

Salaries & Benefits $1,423

Fundraising Expenses $0

Program Expenses $1,013,042

Other Expenses $1,428,917

TOTAL EXPENSES $2,050,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$667,550	$724,377	-0.1%
Expenses	$2,050,340	$1,785,114	+0.1%
Net Income	$-1,382,790	$-1,060,737	+0.3%

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

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

Total Directors

$10,279

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON MASSEY	Director	0.00	Director	$10,279	$0	$10,279
JOHN E GAMBLE JR	President	40.00	Officer Director	$0	$0	$0
F ALEXANDREA GAMBLE	Secretary	5.00	Officer 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	$667,550	$2,050,340	$3,997,183	$-1,382,790
2024	$724,377	$1,785,114	$5,780,296	$-1,060,737
2020	$26,518	$2,050,054	$10,700,986	$-2,023,536
2019	$139,933	$606,800	$16,369,287	$-466,867
2018	$12,331,053	$968,420	$18,912,719	$11,362,633

LIFE CARE RESIDENCES INC