THE LIFESPACE FOUNDATION (EIN 421370848) - 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

1991

Legal Domicile

Principal Officer

JESSE JANTZEN

Phone

5152885805

Tax Period

2023-01-01 to 2023-12-31

THE LIFESPACE FOUNDATION, founded in 1991, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE FOUNDATION IS TO RAISE AND INVEST FUNDS TO FURTHER THE CHARITABLE PURPOSES OF LIFESPACE COMMUNITIES, INC. AND ITS INDIVIDUAL COMMUNITIES AS WELL AS NORTHWEST SENIOR HOUSING CORPORATION, FRIENDSHIP VILLAGE MILL CREEK NFP, BARTON CREEK SENIOR LIVING CENTER, INC. AND TARRANT COUNTY SENIOR LIVING CENTER INC. SUCH CHARITABLE PURPOSE INCLUDES BENEVOLENT CARE TO SENIORS AND PROVISIONS TO PROVIDE DISASTER RELIEF AND EMERGENCY HARDSHIP FUNDS TO TEAM MEMBERS WHO ENCOUNTER CIRCUMSTANCES RECOGNIZED BY FEDERAL AND STATE AGENCIES AS QUALIFYING FOR EMERGENCY DISASTER RELIEF.

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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 $4,176,495

Program Service Revenue $0

Investment Income $582,229

Other Revenue $0

TOTAL REVENUE $4,758,724

Expense Breakdown

Grants Paid $4,776,050

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,776,050

Other Expenses $28,713

TOTAL EXPENSES $4,804,763

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,758,724	$3,684,311	+0.3%
Expenses	$4,804,763	$4,577,501	+0.0%
Net Income	$-46,039	$-893,190	-0.9%

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

$2,423,409

Total Directors

$480,667

Key Employees

$519,377

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAVERNE EPP	DIRECTOR (THRU 04/2023)	2.00	Director	$0	$0	$14,333
NEAL YANOFSKY	DIRECTOR	2.00	Director	$0	$0	$55,000
ANA DUTRA	DIRECTOR	2.00	Director	$0	$0	$43,000
PATRICK SPANGLER	DIRECTOR	2.00	Director	$0	$0	$43,000
VENITA FIELDS	DIRECTOR & CHAIR	2.00	Director	$0	$0	$43,000
JOYCE DARKEY-HRINYA	DIRECTOR	2.00	Director	$0	$0	$43,000
GARY BLACKFORD	DIRECTOR	2.00	Director	$0	$0	$41,000
SCOTT COLLIER	DIRECTOR (THRU 04/2023)	2.00	Director	$0	$0	$11,667
SUE DELVAUX	DIRECTOR (THRU 04/2023)	2.00	Director	$0	$0	$11,667
DAVID S WILLIAMS III	DIRECTOR	2.00	Director	$0	$0	$35,000
JONATHAN SOKEYE	DIRECTOR	2.00	Director	$0	$0	$35,000
CLYDE STRETCH	DIRECTOR	2.00	Director	$0	$0	$26,250
AMY MCDONOUGH	DIRECTOR	2.00	Director	$0	$0	$26,250
CLAUS JENSEN	DIRECTOR	2.00	Director	$0	$0	$26,250
JENIFER SALAMINO	DIRECTOR	2.00	Director	$0	$0	$26,250
JESSE JANTZEN	PRESIDENT & CEO	2.00	Officer	$0	$42,832	$1,415,732
NICHOLAS HARSHFIELD	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$55,589	$1,007,677
JOSEPH GORMAN	GENERAL COUNSEL	2.00	Key Emp	$0	$42,472	$519,377

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	No data	No data	No data	No data
2023	$4,758,724	$4,804,763	$8,262,639	$-46,039
2022	$3,684,311	$4,577,501	$9,308,241	$-893,190
2021	$4,860,714	$3,084,503	$10,594,688	$1,776,211
2020	$1,482,451	$504,306	$8,274,797	$978,145
2019	$1,109,561	$731,675	$7,080,448	$377,886
2018	$1,433,215	$1,176,078	$6,149,799	$257,137

THE LIFESPACE FOUNDATION