LIFE CENTER 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

EDDIE THEIRL JARMAN

Phone

7342611094

Tax Period

2024-10-01 to 2025-09-30

LIFE CENTER INC, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $14.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE FOR THE SUPERVISION AND OPERATION OF ADULT GROUP HOMES AND TRANSITIONAL PROGRAMS FOR MENTALLY AND PHYSICALLY CHALLENGED CHILDREN AND ADULTS.

Program Service Accomplishments

Program 1

Expenses: $11,256,155 Revenue: $13,853,274

TO PROVIDE FOR THE SUPERVISION AND OPERATION OF ADULT GROUP HOMES AND TRANSITIONAL PROGRAMS FOR MENTALLY AND PHYSICALLY CHALLENGED CHILDREN AND ADULTS.

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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 $500

Program Service Revenue $13,853,274

Investment Income $33,121

Other Revenue $91,527

TOTAL REVENUE $13,978,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,348,960

Fundraising Expenses $0

Program Expenses $11,256,155

Other Expenses $2,553,511

TOTAL EXPENSES $13,902,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,978,422	$12,804,805	+0.1%
Expenses	$13,902,471	$12,237,502	+0.1%
Net Income	$75,951	$567,303	-0.9%

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

410

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

$1,191,649

Total Directors

$1,169,699

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D KEVIN IKENBERRY	TREASURER	1.00	Officer Director	$0	$0	$0
EDDIE THEIRL JARMAN	SECRETARY	1.00	Officer Director	$0	$11,742	$490,340
ERICH AUDRETSCH	PRESIDENT	1.00	Officer Director	$0	$13,509	$340,752
GLORIA LICATA	VICE PRESIDENT (OUTGOING)	1.00	Officer Director	$0	$0	$0
JOHNATHAN EVERETT	MEMBER AT LARGE	1.00	Director	$0	$11,742	$90,281
MICHAEL HOGG	MEMBER AT LARGE	1.00	Director	$0	$0	$94,626
RAY NICHOLS	TREASURER (OUTGOING)	1.00	Officer Director	$0	$0	$0
SUSAN WELLER	MEMBER AT LARGE (OUTGOING)	1.00	Director	$0	$0	$153,700
KENDRA ROBINSON	ACTING CFO	15.00	Officer	$0	$11,742	$246,947
MELISSA BRADLEY	EXECUTIVE DIRECTOR	40.00	Officer	$113,610	$0	$113,610
CARRIE DEBRINCAT	OPERATIONS DIRECTOR	40.00	Highest	$121,710	$8,273	$129,983

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	$13,978,422	$13,902,471	$5,960,166	$75,951
2024	$12,804,805	$12,237,502	$5,251,029	$567,303
2023	$10,456,500	$10,568,854	$4,157,647	$-112,354
2022	$11,256,651	$9,793,447	$3,806,232	$1,463,204
2021	$10,151,694	$9,931,704	$3,564,999	$219,990
2020	$9,600,807	$9,637,845	$2,304,347	$-37,038
2019	$11,195,263	$11,733,009	$2,282,506	$-537,746
2018	$13,461,674	$14,904,085	$2,315,772	$-1,442,411