LIFETRACK RESOURCES INC

EIN: 410874507 501(c)(3)

ST PAUL, MN

Total Revenue
$2,041,817
Total Expenses
$4,509,335
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
MN
Principal Officer
CURTIS KNUTSON
Phone
6512278471
Tax Period
2021-01-01 to 2021-07-01

LIFETRACK RESOURCES INC, founded in 1948, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2020. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $4.5M exceeded revenue, resulting in a 121% operating deficit.

Mission

WORK TOGETHER TO DEVELOP THE STRENGTHS WITHIN CHILDREN, FAMILIES, AND ADULTS FACING THE GREATEST LIFE CHALLENGES.

Program Service Accomplishments

Program 1
Expenses: $3,104,307 Revenue: $36,387

EMPLOYMENT SERVICESLIFETRACK'S EMPLOYMENT SERVICES INCLUDE PROGRAMS TO SUPPORT INDIVIDUALS WITH MULTIPLE BARRIERS TO EMPLOYMENT INCLUDING SERVING: INDIVIDUALS WITH DISABILITIES, LOW-INCOME FAMILIES...

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EMPLOYMENT SERVICESLIFETRACK'S EMPLOYMENT SERVICES INCLUDE PROGRAMS TO SUPPORT INDIVIDUALS WITH MULTIPLE BARRIERS TO EMPLOYMENT INCLUDING SERVING: INDIVIDUALS WITH DISABILITIES, LOW-INCOME FAMILIES, AT RISK YOUTH, INDIVIDUALS RECENTLY LAID OFF, AND INDIVIDUALS WITH CRIMINAL BACKGROUNDS. LIFETRACK PROVIDES WORK READINESS SUPPORT AND MENTORING, JOB PLACEMENT AND JOB RETENTION SUPPORT. IN 2021 (JANUARY-JUNE), LIFETRACK'S EMPLOYMENT SERVICES ACHIEVED THE FOLLOWING OUTCOMES: 139 INDIVIDUALS WERE PLACED IN JOBS 19 INDIVIDUALS COMPLETED TRAINING OR PAID WORK EXPERIENCE 70% OF INDIVIDUALS HIRED RETAINED THEIR JOB FOR 12 MONTHS OR MORE

Program 2
Expenses: $514,468 Revenue: $893

CHILD AND FAMILY SERVICESLIFETRACK'S MISSION IS TO STRENGTHEN RESILIENCY IN FAMILIES EXPERIENCING THE GREATEST DISPARITIES IN EDUCATION, HEALTH, EMPLOYMENT, AND INCOME. LIFETRACK SPECIALIZES IN...

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CHILD AND FAMILY SERVICESLIFETRACK'S MISSION IS TO STRENGTHEN RESILIENCY IN FAMILIES EXPERIENCING THE GREATEST DISPARITIES IN EDUCATION, HEALTH, EMPLOYMENT, AND INCOME. LIFETRACK SPECIALIZES IN PROVIDING INDIVIDUALIZED SERVICES THROUGH A CONTINUUM OF CARE. WE ADDRESS THE WELL-BEING OF DISADVANTAGED CHILDREN AND THEIR FAMILIES, AND SUPPORT INDIVIDUALS IN THEIR EFFORTS OF SELF-SUFFICIENCY MANY OF WHOM ARE FACING OBSTACLES OF PHYSICAL OR MENTAL DISABILITIES, CRIMINAL JUSTICE SYSTEM INVOLVEMENT AND/OR POVERTY.LIFETRACK'S FAMILIES TOGETHER PROGRAM, WHICH SERVED 163 CLIENTS IN 2021 (JANUARY-JUNE), IS DESIGNED TO SUPPORT THE FAMILIES IN ATTAINING HEALTH AND STABILITY THROUGH OUR TWO-SIDED APPROACH: OUR HOME VISITING PROGRAM AND THERAPEUTIC PRESCHOOL. THE HOME VISITING PROGRAM IS AN AFFILIATE OF THE NATIONALLY EVIDENCE-BASED MODEL, PARENTS AS TEACHERS (PAT), WHICH PROVIDES PARENTS WITH THE EDUCATION AND SKILLS NEEDED TO CREATE SAFE AND NURTURING HOME ENVIRONMENTS THAT SUPPORT HEALTHY DEVELOPMENT AND PROVIDES ACCESS TO RESOURCES FOR PARENTS TO ADDRESS THEIR PHYSICAL AND MENTAL HEALTH.THE THERAPEUTIC PRESCHOOL IS NAEYC (NATIONAL ASSOCIATION FOR THE EDUCATION OF YOUNG CHILDREN) ACCREDITED AND FOUR-STAR PARENT AWARE RATED. IT PROVIDES CHILDREN WITH THE INTERVENTION NEEDED TO OVERCOME THE EFFECTS OF ONGOING TRAUMA SO THAT THEY CAN SUCCEED IN KINDERGARTEN AND BEYOND. IN THE PRESCHOOL, EACH CHILD'S TEAM CONSISTS OF TEACHERS, A MENTAL HEALTH THERAPIST, AND A HOME VISITOR/PARENT EDUCATOR. THE TEAM, WORKING WITH THE CHILD'S PARENT OR CAREGIVER, DEVELOPS AN INDIVIDUALIZED PLAN FOR ADDRESSING COGNITIVE, DEVELOPMENTAL, OR SOCIAL-EMOTIONAL DELAYS AT TIME OF ENROLLMENT, AND HOLDS BI-WEEKLY MEETINGS TO DISCUSS THE CHILD'S PROGRESS.

Program 3
Expenses: $476,469 Revenue: $145

DEAF AND HARD OF HEARING SERVICESLIFETRACK'S DEAF AND HARD OF HEARING (DHH) SERVICES OFFER UNBIASED FAMILY SUPPORT, CONNECTIONS TO THE DHH COMMUNITY AND THE OPPORTUNITY TO DEVELOP RELATIONSHIPS WITH...

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DEAF AND HARD OF HEARING SERVICESLIFETRACK'S DEAF AND HARD OF HEARING (DHH) SERVICES OFFER UNBIASED FAMILY SUPPORT, CONNECTIONS TO THE DHH COMMUNITY AND THE OPPORTUNITY TO DEVELOP RELATIONSHIPS WITH SUCCESSFUL PARENT GUIDES, ROLE MODELS AND MENTORS WHO ARE DHH. OUR FAMILY-FOCUSED, INTERCONNECTED SERVICES OFFER GUIDANCE, RESOURCES, AND A VISION FOR THE FUTURE TO PARENTS OF YOUNG CHILDREN, WHO ARE KEY IN FOSTERING THEIR CHILD'S OPTIMAL DEVELOPMENT. WE ALSO OFFER A SELF-ADVOCACY AND EMPOWERMENT PROGRAM SPECIFICALLY DESIGNED TO ADDRESS THE COMPLEX CHALLENGES FACED BY CHILDREN AND YOUTH. DEAF AND HARD OF HEARING SERVICES PROVIDED RESOURCES AND SUPPORT TO 978 INDIVIDUALS IN 2021 (JANUARY-JUNE). SPECIFICALLY, IN OUR MINNESOTA HANDS AND VOICES PROGRAMS, WE SERVED 485 CHILDREN AND YOUTH FROM AGES 0-24, PROVIDING RESOURCES, NETWORKS AND SUPPORTS FOR THEM AND THEIR FAMILIES. 121 CHILDREN SERVED WERE FROM FAMILIES FOR WHOM ENGLISH IS A SECOND LANGUAGE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $1,963,357
Program Service Revenue $37,425
Investment Income $8,827
Other Revenue $32,208
TOTAL REVENUE $2,041,817

Expense Breakdown

Grants Paid $2,468,468
Salaries & Benefits $1,279,571
Fundraising Expenses $41,537
Program Expenses $4,095,244
Other Expenses $755,296
TOTAL EXPENSES $4,509,335

Year-over-Year Comparison

2020 2019 Change
Revenue $2,041,817 $4,250,968 -0.5%
Expenses $4,509,335 $4,551,077 0.0%
Net Income $-2,467,518 $-300,109 +7.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
115
Volunteers
13

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
7
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE JARVIS CHAIR 1.00
Officer Director
$0 $0 $0
BONNIE RUSS VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHARLES DURANT TREASURER 1.00
Officer Director
$0 $0 $0
MICHELE VAILLANCOURT SECRETARY 1.00
Officer Director
$0 $0 $0
CRAIG GRAY DIRECTOR 1.00
Director
$0 $0 $0
TRAVIS HINTZ DIRECTOR 1.00
Director
$0 $0 $0
KIM MIKROT DIRECTOR 1.00
Officer
$0 $0 $0
MARGARET MURPHY DIRECTOR 1.00
Director
$0 $0 $0
MATT O'TOOLE DIRECTOR 1.00
Director
$0 $0 $0
DAN PROKOTT DIRECTOR 1.00
Director
$0 $0 $0
NICK THOEMKE DIRECTOR 1.00
Director
$0 $0 $0
TC TONG DIRECTOR 1.00
Director
$0 $0 $0
CURTIS KNUTSON PRESIDENT 40.00
Officer
$0 $0 $0
CHRIS THOMPSON INTERIM CFO 40.00
Officer
$0 $0 $0
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
2021 $2,041,817 $4,509,335 No data $-2,467,518
2020 $4,250,968 $4,551,077 $3,566,053 $-300,109
2019 $4,546,555 $5,833,341 $3,958,487 $-1,286,786
2018 $5,290,081 $6,035,702 $4,103,967 $-745,621
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