LIFE HOUSE INC

EIN: 411704840 501(c)(3) Youth Development

DULUTH, MN

Total Revenue
$3,126,810
Total Expenses
$3,124,388
Total Assets
$3,747,941
Net Assets
$3,580,076
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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
1991
Legal Domicile
MN
Principal Officer
AMBER SADOWSKI
Phone
2187227431
Tax Period
2024-01-01 to 2024-12-31

LIFE HOUSE INC, founded in 1991, is a community nonprofit in the Youth Development sector that reported $3.1M in total revenue in fiscal year 2024.

Mission

TO RECONNECT HOMELESS AND STREET YOUTH TO THEIR DREAMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,916,683
Program Service Revenue $154,638
Investment Income $37,636
Other Revenue $17,853
TOTAL REVENUE $3,126,810

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,300,893
Fundraising Expenses $50,396
Program Expenses $2,730,454
Other Expenses $823,495
TOTAL EXPENSES $3,124,388

Year-over-Year Comparison

2024 2023 Change
Revenue $3,126,810 $3,145,317 0.0%
Expenses $3,124,388 $3,139,682 0.0%
Net Income $2,422 $5,635 -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

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Governance

Voting Members
7
Independent Members
7
Employees
55
Volunteers
125

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
9
$183,855
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA BRANDT CO-CHAIR 2.50
Officer Director
$0 $0 $0
DANI LINDBERG CO-CHAIR 2.50
Officer Director
$0 $0 $0
HANNAH WILLIS TREASURER 2.50
Officer Director
$0 $0 $0
LINDA CURRAN TREASURER (THRU 7/24) 2.50
Officer Director
$0 $0 $0
DERECK MURPHY-WILLIAMS SECRETARY (THRU 5/24) 2.50
Officer Director
$0 $0 $0
RENEE GIBBS BOARD MEMBER (THRU 4/24) 1.50
Director
$0 $0 $0
ANDREA LARSON BOARD MEMBER 1.50
Director
$0 $0 $0
AMY LEMENAGER BOARD MEMBER 1.50
Director
$0 $0 $0
KAYLEE MCMILLAN BOARD MEMBER 1.50
Director
$0 $0 $0
KAMERON PEAK BOARD MEMBER 1.50
Director
$0 $0 $0
GUDRUN WITRAK BOARD MEMBER (THRU 2/24) 1.50
Director
$0 $0 $0
AMBER SADOWSKI EXECUTIVE DIRECTOR 40.00
Officer
$50,747 $14,805 $65,552
JORDON EUNISON-CHISTI CO-EXECUTIVE DIRECTOR (THRU 2/24) 40.00
Officer
$14,383 $2,582 $16,965
BETH ELSTAD CO-EXECUTIVE DIRECTOR (THRU 2/24) 40.00
Officer
$13,515 $292 $13,807
RYAN IRLBECK FINANCE DIRECTOR 40.00
Officer
$78,445 $9,086 $87,531
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 $3,126,810 $3,124,388 $3,747,941 $2,422
2023 $3,145,317 $3,139,682 $3,742,379 $5,635
2022 $3,165,959 $3,014,220 $3,708,360 $151,739
2021 $3,195,921 $2,926,436 $3,542,824 $269,485
2020 $3,389,355 $2,625,869 $3,254,589 $763,486
2019 $2,648,590 $2,345,309 $2,492,343 $303,281
2018 $2,436,099 $2,097,881 $2,144,808 $338,218
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