LIFEDESIGNS 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

1982

Legal Domicile

Principal Officer

SHANNON COLLINS

Phone

8123329615

Tax Period

2024-07-01 to 2025-06-30

LIFEDESIGNS INC, founded in 1982, is a community nonprofit in the Crime & Legal sector that reported $6.9M in total revenue in fiscal year 2024. Revenue surged 21712% from the prior year, signaling strong growth momentum. Expenses of $6.4M left a modest 7% surplus.

Mission

TO PARTNER WITH AND PROMOTE INDEPENDENCE FOR PEOPLE WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $5,240,769 Revenue: $6,340,618

GROUP HOMES AND SUPPORTED LIVING--LIFEDESIGNS SUPPORTED OVER 100 PEOPLE IN THEIR COMMUNITES TO GAIN INDEPENDENCE AND CONTINUED TO HELP PEOPLE GET JOBS THEY LOVE. RESIDENTIAL SERVICES AT LIFEDESIGNS INCLUDE GROUP HOMES STAFFED 24 HOURS A DAY TO PROVIDE ANY SUPPORT OR GUIDANCE THAT RESIDENTS MAY REQUIRE. SERVICES ARE ALSO PROVIDED TO ASSIST INDIVIDUALS TO PARTICIPATE IN ALL PHASES OF DAILY LIVING, WITH MORE CONTROL OVER THEIR LIVES AND WITH GREATER ACCESS AND PARTICIPATION IN THEIR COMMUNITIES.HOUSING--23 AFFORDABLE AND ACCESSIBLE HOUSING UNITS SERVE 32 PEOPLE. SERVICES ARE PROVIDED IN ATTRACTIVE COMMUNITIES CLOSE TO MANY AMMENITIES. MOST TENANTS HAVE LIVED IN OUR UNITS FOR OVER FIVE YEARS.

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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 $471,664

Program Service Revenue $6,340,618

Investment Income $0

Other Revenue $42,418

TOTAL REVENUE $6,854,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,204,198

Fundraising Expenses $0

Program Expenses $5,240,769

Other Expenses $1,201,068

TOTAL EXPENSES $6,405,266

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,854,700	$31,426	+217.1%
Expenses	$6,405,266	$48,151	+132.0%
Net Income	$449,434	$-16,725	-27.9%

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

150

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

$553,914

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LYNN BOYER	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK MAJOR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHANIE ODEN	SECRETARY	1.00	Officer Director	$0	$0	$0
BRANDON BISHOP	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD BERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH BURGESS	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEX COWAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA CARDWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
CISCO GONZALES	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN GEORGE THOMASSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON MARGARET TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM SHUMM	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
STACEY RUPP	BOARD MEMBER	1.00	Director	$0	$0	$0
BEN MCDANIEL	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
L SHANE BURTON	DSI CEO	2.00	Officer	$11,351	$17,053	$244,065
BRIANNE BOLES	VP	2.00	Officer	$7,786	$12,466	$168,177
SHANNON COLLINS	DSI CFO	2.00	Officer	$6,347	$14,729	$141,672

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	$6,854,700	$6,405,266	$1,520,800	$449,434
2024	No data	No data	No data	No data
2023	$3,869,610	$2,982,099	$860,100	$887,511
2022	$8,218,665	$8,167,497	$12,175,736	$51,168
2021	$10,047,462	$10,607,511	$12,506,879	$-560,049
2020	$12,786,742	$12,332,771	$18,015,889	$453,971
2019	$11,319,063	$12,861,878	$21,103,644	$-1,542,815
2018	$12,722,231	$12,648,569	$22,352,046	$73,662