LIFE CENTER INC (EIN 382418870) - 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

1982

Legal Domicile

Principal Officer

EDDIE THEIRL JARMAN

Phone

7342611094

Tax Period

2023-10-01 to 2024-09-30

LIFE CENTER INC, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $12.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $12.2M left a modest 4% surplus.

Mission

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 (2023)

Revenue Breakdown

Contributions & Grants $4,495

Program Service Revenue $12,745,924

Investment Income $25,611

Other Revenue $28,775

TOTAL REVENUE $12,804,805

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,270,931

Fundraising Expenses $0

Program Expenses $10,122,617

Other Expenses $1,966,571

TOTAL EXPENSES $12,237,502

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,804,805	$10,456,500	+0.2%
Expenses	$12,237,502	$10,568,854	+0.2%
Net Income	$567,303	$-112,354	-6.0%

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

364

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

$1,085,428

Total Directors

$822,489

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE THEIRL JARMAN	SECRETARY	10.00	Officer Director	$0	$11,337	$379,915
ERICH AUDRETSCH	PRESIDENT	10.00	Officer Director	$0	$18,825	$341,077
GLORIA LICATA	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
RAY NICHOLS	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN WELLER	MEMBER AT LARGE	1.00	Director	$0	$12,121	$101,497
KENDRA ROBINSON	ACTING CFO	15.00	Officer	$0	$0	$232,987
MELISSA BRADLEY	EXECUTIVE DIRECTOR	40.00	Officer	$126,249	$5,200	$131,449

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	$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

LIFE CENTER INC