Living Ways Foundation (EIN 383119841) - 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

1993

Legal Domicile

Principal Officer

Fiorella Spalvieri

Phone

2693436355

Tax Period

2024-10-01 to 2025-09-30

Living Ways Foundation, founded in 1993, is a small nonprofit in the Unknown sector that reported $542K in total revenue in fiscal year 2024. The organization ran a surplus of $144K, a strong 27% operating margin.

Mission

Living Ways Foundation is organized to raise, receive and administer funds for the benefit of Community Living Options' operations (a 501(c)(3) exempt organization in Kalamazoo, Michigan) and to hold and maintain residential and other assets for use by Community Living Options and its clients, in fulfillment of its charitable purposes.

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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 $10,000

Program Service Revenue $486,460

Investment Income $45,887

Other Revenue $0

TOTAL REVENUE $542,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,146

Other Expenses $398,410

TOTAL EXPENSES $398,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$542,347	$546,496	0.0%
Expenses	$398,410	$186,837	+1.1%
Net Income	$143,937	$359,659	-0.6%

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

$137,868

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Conklin	Secretary	1.00	Officer Director	$0	$0	$0
Steve Denenfeld	Vice President	1.00	Officer Director	$0	$0	$0
Tim Harding	Member	1.00	Director	$0	$0	$0
Laurie Jefsen	President	1.00	Officer Director	$0	$0	$0
Mike Kenny	Member	1.00	Director	$0	$0	$0
Dawn Pantaleo	Member	1.00	Director	$0	$0	$0
Beth Paldan	Member	1.00	Director	$0	$0	$0
Fiorella Spalvieri	Executive Director	1.00	Officer	$0	$5,781	$137,868

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	$542,347	$398,410	$3,871,757	$143,937
2024	$546,496	$186,837	$3,824,902	$359,659
2023	$535,543	$243,677	$3,587,246	$291,866
2022	$513,932	$290,821	$3,351,633	$223,111
2021	$511,871	$293,291	$3,212,883	$218,580
2020	$499,630	$349,939	$3,437,608	$149,691
2019	$474,031	$361,051	$3,233,865	$112,980
2018	$468,240	$284,331	$3,151,155	$183,909

Living Ways Foundation