LIFECARE INC (EIN 382067110) - 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

1971

Legal Domicile

Principal Officer

TIM CAIN

Phone

2693810560

Tax Period

2023-10-01 to 2024-09-30

LIFECARE INC, founded in 1971, is a mid-sized nonprofit in the Human Services sector that reported $27.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE HOUSING, FOOD, NURSING CARE, AND OTHER RELATED SERVICES TO SENIOR CITIZENS.

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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 $432,132

Program Service Revenue $25,881,482

Investment Income $496,583

Other Revenue $406,177

TOTAL REVENUE $27,216,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,125,011

Fundraising Expenses $0

Program Expenses $24,113,959

Other Expenses $12,597,940

TOTAL EXPENSES $27,722,951

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,216,374	$25,848,170	+0.1%
Expenses	$27,722,951	$26,821,149	+0.0%
Net Income	$-506,577	$-972,979	-0.5%

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

460

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

$512,947

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT SCHRUM	PRESIDENT	2.00	Officer Director	$0	$0	$0
TODD MCDONALD	1ST VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRENT WEDDING	2ND VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHY BREYFOGLE	TREASURER	2.00	Officer Director	$0	$0	$0
VICKI MARTIN	SECRETARY	2.00	Officer Director	$0	$0	$0
LISA CARRIVEAU	DIRECTOR	2.00	Director	$0	$0	$0
KEN GRESCHAK	DIRECTOR	2.00	Director	$0	$0	$0
TYLER GIBB	DIRECTOR	2.00	Director	$0	$0	$0
EAN HAMILTON	DIRECTOR	2.00	Director	$0	$0	$0
DAWNANNE HINMAN	DIRECTOR	2.00	Director	$0	$0	$0
SHERALEE HURWITZ	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD KURTH	DIRECTOR	2.00	Director	$0	$0	$0
SIMONE SCHICKER	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HADDEN	DIRECTOR - PART YEAR	2.00	Director	$0	$0	$0
ANDREW MCLEOD	DIRECTOR - PART YEAR	2.00	Director	$0	$0	$0
TIM CAIN	EXECUTIVE DIRECTOR	40.00	Officer	$237,808	$11,894	$249,702
KATHRYN HARMON	ADMINISTRATOR - PART YEAR	40.00	Officer	$116,151	$3,320	$119,471
DAVID RISER	ASSISTANT EXECUTIVE DIRECTOR	40.00	Officer	$137,246	$6,528	$143,774
LINDA BAILEY	DIRECTOR OF ACCOUNTING SERVICES	40.00	Highest	$109,515	$8,150	$117,665
THOMAS ELLER	MARKETING	40.00	Highest	$136,567	$1,823	$138,390
DIANA DUNCAN	DIRECTOR OF MARKETING	40.00	Highest	$123,839	$9,861	$133,700

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	$27,216,374	$27,722,951	$63,127,220	$-506,577
2023	$25,848,170	$26,821,149	$61,185,882	$-972,979
2022	$27,431,329	$25,521,935	$60,766,644	$1,909,394
2021	$24,179,280	$24,966,816	$60,292,330	$-787,536
2020	$23,452,964	$24,535,850	$57,228,184	$-1,082,886
2019	$22,113,234	$23,108,380	$55,152,071	$-995,146
2018	$19,989,344	$21,207,318	$48,451,781	$-1,217,974

LIFECARE INC