LIFEGATE INC (EIN 351271887) - 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

1980

Legal Domicile

Principal Officer

ROBERT M PORTER

Phone

8124144465

Tax Period

2023-01-01 to 2023-12-31

LIFEGATE INC, founded in 1980, is a small nonprofit in the Religion sector that reported $268K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $241K left a modest 10% surplus.

Mission

TO SPREAD THE GOSPEL OF JESUS CHRIST THROUGHOUT THE WORLD BY PRODUCING AND SELLING GOSPEL TRACTS.

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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 $194,685

Program Service Revenue $0

Investment Income $0

Other Revenue $72,838

TOTAL REVENUE $267,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,840

Fundraising Expenses $0

Program Expenses $142,984

Other Expenses $110,622

TOTAL EXPENSES $241,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,523	$247,013	+0.1%
Expenses	$241,462	$252,933	0.0%
Net Income	$26,061	$-5,920	-5.4%

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

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

$84,230

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL S PORTER	SECRETARY	40.00	Officer	$30,230	$0	$30,230
ROBERT S RICH	TREASURER	1.00	Officer	$0	$0	$0
JOSEPH HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN GAUGLER	DIRECTOR	1.00	Director	$0	$0	$0
KEITH DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT M PORTER	PRESIDENT	40.00	Officer	$54,000	$0	$54,000

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	$267,523	$241,462	$328,877	$26,061
2022	$247,013	$252,933	$291,256	$-5,920
2021	$246,777	$250,762	$302,026	$-3,985
2020	$248,520	$247,852	$311,574	$668
2019	$268,196	$279,055	$320,058	$-10,859

LIFEGATE INC