LIFE PROMOTIONS INC (EIN 391372893) - 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

1980

Legal Domicile

Principal Officer

VINCE GALLUCCI

Phone

9207385588

Tax Period

2023-11-01 to 2024-10-31

LIFE PROMOTIONS INC, founded in 1980, is a community nonprofit in the Youth Development sector that reported $3.8M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $4.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

LIFE PROMOTIONS, INC. IS A NON-DENOMINATIONAL MINISTRY DEDICATED TO GOING WHERE THE PEOPLE ARE WITH WHAT THEY NEED AND OFFERING EXPERIENCES ROOTED IN JESUS' TEACHINGS THAT SUPPORT ALL GENERATIONS.

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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 $1,648,787

Program Service Revenue $1,762,779

Investment Income $12,589

Other Revenue $337,293

TOTAL REVENUE $3,761,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,262,583

Fundraising Expenses $366,602

Program Expenses $3,448,424

Other Expenses $2,877,754

TOTAL EXPENSES $4,140,337

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,761,448	$4,225,413	-0.1%
Expenses	$4,140,337	$3,950,641	+0.0%
Net Income	$-378,889	$274,772	-2.4%

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

Volunteers

940

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

$275,164

Total Directors

$187,721

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY TIMM	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JAY SCHUMERTH	VICE CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
BILL LICHTFUSS	TREASURER	1.00	Officer Director	$0	$0	$0
PATRA MUELLER	MEMBER	1.00	Director	$0	$0	$0
PAUL FEUCHT	MEMBER	1.00	Director	$0	$0	$0
DAVE SCHARNHORST	MEMBER	1.00	Director	$0	$0	$0
BRENT JOHNSON	MEMBER	1.00	Director	$0	$0	$0
DAVE VAN LIESHOUT	MEMBER	1.00	Director	$0	$0	$0
GINNY OLSON	MEMBER	1.00	Director	$0	$0	$0
ROBERT LENZ	PRESIDENT	40.00	Officer Director	$187,721	$0	$187,721
TIM LEHMAN	MEMBER	1.00	Director	$0	$0	$0
JOSHUA BUNKER THROUGH SEPT	MEMBER	1.00	Director	$0	$0	$0
VINCE GALLUCCI	CEO	40.00	Officer	$87,443	$0	$87,443

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	$3,761,448	$4,140,337	$2,060,232	$-378,889
2023	$4,225,413	$3,950,641	$2,211,547	$274,772
2022	$5,539,524	$5,517,733	$2,579,515	$21,791
2021	$5,603,353	$5,369,706	$2,405,715	$233,647
2020	$2,079,914	$2,534,017	$1,678,583	$-454,103
2019	$3,864,095	$4,239,252	$1,627,679	$-375,157
2018	$4,089,603	$3,900,300	$1,897,113	$189,303

LIFE PROMOTIONS INC