BLOOMFIELD HILLS, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LIFE ENRICHMENT ACADEMY INC, founded in 1983, is a community nonprofit that reported $7.5M in total revenue in fiscal year 2023.
To empower individuals and enhance their quality of life within an environment that offers an array of comprehensive services. To inspire and encourage participants to grow within a positive, success-oriented environment and to recognize their own self worth, confidence and potential.
Life Enrichment Academy ("LEA") assists consumers with business development, including product identification, marketing, pricing and retail space. Through its life enrichment concept, LEA also...
Life Enrichment Academy ("LEA") assists consumers with business development, including product identification, marketing, pricing and retail space. Through its life enrichment concept, LEA also provides diet, nutrition and physical fitness education. Additionally, LEA provides pre-employment assessment, training and placement with long-term job coaching as necessary for the disabled adult population in the state of Michigan. They provide seng from janitorial, retail and restaurarvices to private employers through its placement activities in business rangints, and provides community advocacy activities. They also contract with private industry to perform light assembly and piecework for its clients in sheltered employment settings. Approximately 501,000 varied program service hours have been provided for over 661 consumers with the state of Michigan. LEA is CARF accredited.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,528,142 | $7,440,626 | +0.0% |
| Expenses | $7,615,974 | $6,862,334 | +0.1% |
| Net Income | $-87,832 | $578,292 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| EVERETT DEHUT | CEO | 5 |
Officer
|
$0 | $3,119 | $380,238 |
| TED DEVANTIER | CHAIRMAN | 0 |
Officer
Director
|
$0 | $1,275 | $1,275 |
| William Fortune | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| James Winters | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Jeff Jones | Board Member | 0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $7,528,142 | $7,615,974 | $4,962,067 | $-87,832 |
| 2023 | $7,440,626 | $6,862,334 | $5,286,739 | $578,292 |
| 2022 | $5,689,424 | $5,628,705 | $3,464,084 | $60,719 |
| 2021 | $3,638,538 | $3,689,366 | $3,267,299 | $-50,828 |
| 2020 | $3,936,324 | $4,033,275 | $3,247,563 | $-96,951 |
| 2018 | $7,210,165 | $7,037,998 | $3,450,000 | $172,167 |
Compare LIFE ENRICHMENT ACADEMY INC with other nonprofits in Michigan and across the country.