LIFESPAN RESOURCES INC

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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

1973

Legal Domicile

Principal Officer

LESLIE A MEEK

Phone

8122067932

Tax Period

2024-07-01 to 2025-06-30

LIFESPAN RESOURCES INC, founded in 1973, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $8.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS PROMOTING INDEPENDENT LIVING FOR PEOPLE OF ALL AGES. THE ORGANIZATION PROVIDES A COMPREHENSIVE NETWORK OF SERVICES TO PERSONS AGE SIXTY AND OLDER, AS WELL AS PROVIDING SERVICES FOR PERSONS OF ALL AGES WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $1,475,069 Revenue: $1,128,123

MEDICAID SERVICES

Program 2

Expenses: $362,617 Revenue: $230,858

HOME DELIVERED MEALS

Program 3

Expenses: $495,616 Revenue: $1,250,597

CHOICE SERVICES

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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 $677,840

Program Service Revenue $6,641,172

Investment Income $460,862

Other Revenue $31,632

TOTAL REVENUE $7,811,506

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,893,746

Fundraising Expenses $7,431

Program Expenses $7,617,401

Other Expenses $3,718,618

TOTAL EXPENSES $8,612,364

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,811,506	$10,114,148	-0.2%
Expenses	$8,612,364	$8,144,166	+0.1%
Net Income	$-800,858	$1,969,982	-1.4%

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

105

Volunteers

158

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

$513,689

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA CRECELIUS	DIRECTOR	0.00	Director	$0	$0	$0
MELISSA WOODS	SECRETARY	0.00	Officer Director	$0	$0	$0
TONY TORAN	PRESIDENT	0.00	Officer Director	$0	$0	$0
DOUG DRAKE	DIRECTOR	0.00	Director	$0	$0	$0
TONYA FISCHER	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
CHRISTOPHER SCHWANIGER	TREASURER	0.00	Officer Director	$0	$0	$0
JEFF GAHAN	DIRECTOR	0.00	Director	$0	$0	$0
DR DEEPAK AZAD	DIRECTOR	0.00	Director	$0	$0	$0
ANNETTE ROBERTS	DIRECTOR	0.00	Director	$0	$0	$0
LYNN REKER	DIRECTOR	0.00	Director	$0	$0	$0
LORA CLARK	CEO (THRU 3/2025)	40.00	Officer	$150,452	$18,274	$168,726
LESLIE MEEK	CFO	40.00	Officer	$108,644	$16,016	$124,660
ANGELA MARINO	COO	40.00	Officer	$97,224	$14,982	$112,206
LUCY KOESTERS	CBDO	40.00	Officer	$90,894	$17,203	$108,097
MEREDITH LAMBE	CEO (FROM 1/2025)	40.00	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
2025	$7,811,506	$8,612,364	$13,088,110	$-800,858
2024	$10,114,148	$8,144,166	$13,697,382	$1,969,982
2023	$8,221,166	$7,382,792	$11,246,624	$838,374
2022	$7,845,387	$6,828,478	$8,415,807	$1,016,909
2021	$8,691,799	$6,876,093	$7,964,279	$1,815,706
2020	$7,657,290	$6,816,420	$6,530,193	$840,870