LIFT FOUNDATION (EIN 381845192) - 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

1966

Legal Domicile

Principal Officer

CAROLE MCNEES

Phone

2693502019

Tax Period

2024-01-01 to 2024-12-31

LIFT FOUNDATION, founded in 1966, is a small nonprofit in the Human Services sector that reported $495K in total revenue in fiscal year 2024. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $723K exceeded revenue, resulting in a 46% operating deficit.

Mission

PROVIDING HOUSING FOR LOW INCOME FAMILIES.

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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 $28,899

Program Service Revenue $413,928

Investment Income $48,631

Other Revenue $3,686

TOTAL REVENUE $495,144

Expense Breakdown

Grants Paid $29,603

Salaries & Benefits $74,829

Fundraising Expenses $0

Program Expenses $697,734

Other Expenses $618,134

TOTAL EXPENSES $722,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$495,144	$3,590,277	-0.9%
Expenses	$722,566	$877,947	-0.2%
Net Income	$-227,422	$2,712,330	-1.1%

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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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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLE MCNEES	PRESIDENT	0.10	Officer Director	$0	$0	$0
DAVID ANDERSON	VICE PRESIDE	0.04	Officer Director	$0	$0	$0
DEE VELKOFF	TREASURER	0.06	Officer Director	$0	$0	$0
DANIEL MCGLINN	SECRETARY	0.04	Officer Director	$0	$0	$0
ARTRELLA COHN	DIRECTOR	0.06	Director	$0	$0	$0
STACEY RANDOLPH-LEDBETTER	DIRECTOR	0.06	Director	$0	$0	$0
STEVE HASSEVOORT	DIRECTOR	0.04	Director	$0	$0	$0
MICHAEL WILLIAMS	DIRECTOR	0.04	Director	$0	$0	$0
LOLA AMOS	DIRECTOR	0.04	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	$495,144	$722,566	$9,230,435	$-227,422
2023	$3,590,277	$877,947	$9,544,717	$2,712,330
2022	$2,555,373	$762,351	$9,883,091	$1,793,022
2021	$1,154,365	$663,846	$6,778,229	$490,519
2020	$242,743	$305,209	$3,269,310	$-62,466
2019	$410,897	$99,341	$2,352,773	$311,556
2018	$194,478	$98,005	$2,008,172	$96,473

LIFT FOUNDATION