PRIMELIFE ENRICHMENT INC

EIN: 351411017 501(c)(3)

CARMEL, IN

Total Revenue
$699,606
Total Expenses
$819,139
Total Assets
$1,386,485
Net Assets
$859,407
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
IN
Principal Officer
HOWARD L MAY JR
Phone
3178157000
Tax Period
2022-07-01 to 2023-06-30

PRIMELIFE ENRICHMENT INC, founded in 1978, is a small nonprofit that reported $700K in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. Expenses of $819K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO FOSTER VITAL AGING BY PROVDING PROGRAMS AND SERVICES FOR INDIVIDUALS 50 AND OLDER THAT SUPPORT INDEPENDENCE, OPTIMAL LIVING CONDITIONS AND HEALTH, LINK THEM WITH NEEDED RESOURCES AND FITNESS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $513,290
Program Service Revenue $124,175
Investment Income $720
Other Revenue $61,421
TOTAL REVENUE $699,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $300,842
Fundraising Expenses $0
Program Expenses $731,556
Other Expenses $518,297
TOTAL EXPENSES $819,139

Year-over-Year Comparison

2022 2021 Change
Revenue $699,606 $737,465 -0.1%
Expenses $819,139 $869,555 -0.1%
Net Income $-119,533 $-132,090 -0.1%
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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Governance

Voting Members
10
Independent Members
10
Employees
29
Volunteers
85

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
$110,840
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY WAGNER EXECUTIVE DIRECTOR 40.00
Officer
$66,546 $0 $66,546
MARCIA CLAERBOUT PREIDENT 3.00
Director
$0 $0 $0
CINDY SCHEMBRE ASSISTANT DIRECTOR N/A
Officer
$44,294 $0 $44,294
HOWARD MAY TREASURER 2.00
Director
$0 $0 $0
SUZANNE MARKS SECRETARY 0.50
Director
$0 $0 $0
MICHAEL BRATCHER BOARD MEMBER 0.50
Director
$0 $0 $0
DAN OVERBECK BOARD MEMBER 0.50
Director
$0 $0 $0
TERRY DOLLAR BOARD MEMBER 0.50
Director
$0 $0 $0
SARAH SCHLIFFE BOARD MEMBER 0.50
Director
$0 $0 $0
STEPHEN GROSS BOARD MEMBER 0.50
Director
$0 $0 $0
TIMOTHY MCGUIRE BOARD MEMBER 0.50
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
2024 No data No data No data No data
2023 $699,606 $819,139 $1,386,485 $-119,533
2023 $187,031 $400,510 $1,388,156 $-213,479
2022 $737,465 $869,555 $1,448,983 $-132,090
2021 $725,162 $819,187 $1,765,008 $-94,025
2020 $835,381 $847,145 $1,876,508 $-11,764
2019 $903,116 $852,515 $1,864,552 $50,601
2018 $849,116 $949,798 $1,751,593 $-100,682
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