Itasca Life Options (EIN 410907640) - 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

1965

Legal Domicile

Principal Officer

Lisa Lassen

Phone

2183226501

Tax Period

2024-01-01 to 2024-12-31

Itasca Life Options, founded in 1965, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 11% surplus.

Mission

To provide day training and habilitiation services

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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 $30,741

Program Service Revenue $2,267,833

Investment Income $28,137

Other Revenue $0

TOTAL REVENUE $2,326,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,470,245

Fundraising Expenses $0

Program Expenses $1,824,999

Other Expenses $594,233

TOTAL EXPENSES $2,064,478

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,326,711	$2,064,074	+0.1%
Expenses	$2,064,478	$1,750,825	+0.2%
Net Income	$262,233	$313,249	-0.2%

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

107

Volunteers

N/A

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

Total Directors

$79,865

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ann Carlson	Chairperson	1.00	Officer Director	$0	$0	$0
Ron Evensen	Treasurer	3.00	Officer Director	$0	$0	$0
Lisa Lassen	Executive Director	40.00	Director	$79,865	$0	$79,865
Carol Anderson	Vice Chairperson	1.00	Director	$0	$0	$0
Mike Kellin	Director	1.00	Director	$0	$0	$0
Marie Sippola	Director	1.00	Director	$0	$0	$0
Linda Johns	Director	1.00	Director	$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
2024	$2,326,711	$2,064,478	$2,576,915	$262,233
2023	$2,064,074	$1,750,825	$2,333,297	$313,249
2022	$1,672,489	$1,426,637	$1,931,692	$245,852
2021	$1,218,825	$974,077	$1,526,416	$244,748
2020	$755,271	$628,536	$1,391,860	$126,735
2019	$1,113,529	$752,381	$1,172,645	$361,148
2018	$775,013	$633,847	$907,209	$141,166

Itasca Life Options