LIFT FOR LIFE ACADEMY FOUNDATION INC (EIN 364865543) - 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

2017

Legal Domicile

Phone

3142312337

Tax Period

2023-07-01 to 2024-06-30

LIFT FOR LIFE ACADEMY FOUNDATION INC, founded in 2017, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $828K, a strong 38% operating margin.

Mission

TO SUPPORT, CARRY OUT THE PURPOSES OF, AND BENEFIT LIFT FOR LIFE ACADEMY, INC., WHICH WILL INCLUDE THE PROMOTION OF CIVIC IMPROVEMENT AND PRESERVATION OF THE CULTURAL EDUCATIONAL HERITAGE OF THE LIFT FOR LIFE ACADEMY, INC., AS WELL AS THE ASSISTANCE AND GUIDANCE OF YOUTH IN THE LIFT FOR LIFE ACADEMY, INC.

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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 $2,077,322

Program Service Revenue $0

Investment Income $82,221

Other Revenue $0

TOTAL REVENUE $2,159,543

Expense Breakdown

Grants Paid $1,297,616

Salaries & Benefits $0

Fundraising Expenses $3,285

Program Expenses $1,297,616

Other Expenses $33,708

TOTAL EXPENSES $1,331,324

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,159,543	$2,353,785	-0.1%
Expenses	$1,331,324	$2,913,703	-0.5%
Net Income	$828,219	$-559,918	-2.5%

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

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

$176,075

Total Directors

$354,217

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATRICE NOBLE	BOARD MEMBER	1.00	Director	$0	$26,928	$178,142
MARSHALL COHEN	Executive Dir.	3.00	Officer Director	$0	$25,558	$176,075
TAMI FERNANDEZ	President	1.00	Officer Director	$0	$0	$0
SCOTT DOLAN	Secretary	1.00	Officer Director	$0	$0	$0
TODD TAYLOR	Vice President	1.00	Officer Director	$0	$0	$0
ERICH THURMANN	Treasurer	1.00	Officer Director	$0	$0	$0
SUSAN GOLDBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARYLEN MANN	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL STAENBERG	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2024	$2,159,543	$1,331,324	$2,810,921	$828,219
2023	$2,353,785	$2,913,703	$1,972,618	$-559,918
2022	$3,124,072	$1,481,779	$2,534,032	$1,642,293
2021	$1,996,329	$1,579,467	$914,412	$416,862
2020	$1,781,274	$1,775,420	$497,550	$5,854
2019	$495,308	$3,612	$493,696	$491,696

LIFT FOR LIFE ACADEMY FOUNDATION INC