LIFE ASSET INC (EIN 454737489) - 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

2011

Legal Domicile

Principal Officer

MARKUS LARSSON

Phone

2027090652

Tax Period

2023-01-01 to 2023-12-31

LIFE ASSET INC, founded in 2011, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $750K, a strong 36% operating margin.

Mission

THE MISSION OF LIFE ASSET IS TO HELP ALLEVIATE POVERTY IN THE GREATER WASHINGTON, DC AREA, BY EMPOWERING PEOPLE THROUGH AFFORDABLE FINANCIAL PRODUCTS, SERVICES, AND EDUCATION, THEREBY PROMOTING SELF-HELP AND SELF- RESPECT AND EXPANDING SOCIAL AND ECONOMIC OPPORTUNITIES FOR LOWER INCOME RESIDENTS.

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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 $1,945,587

Program Service Revenue $170,199

Investment Income $-29,021

Other Revenue $0

TOTAL REVENUE $2,086,765

Expense Breakdown

Grants Paid $0

Salaries & Benefits $687,576

Fundraising Expenses $133,763

Program Expenses $1,042,443

Other Expenses $649,435

TOTAL EXPENSES $1,337,011

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,086,765	$2,370,179	-0.1%
Expenses	$1,337,011	$1,301,797	+0.0%
Net Income	$749,754	$1,068,382	-0.3%

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

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

$152,725

Total Directors

$152,725

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARKUS LARSSON	EXECUTIVE DI	40.00	Officer Director	$152,725	$0	$152,725
TERRY FLOOD	DIRECTOR	1.00	Director	$0	$0	$0
OLIVE IDEHEN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ALFONSO PEARSON	TREASURER	1.00	Officer Director	$0	$0	$0
JAIME QUIROS	SECRETARY	1.00	Officer 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	No data	No data	No data	No data
2023	$2,086,765	$1,337,011	$9,442,411	$749,754
2022	$2,370,179	$1,301,797	$6,927,009	$1,068,382
2021	$2,953,313	$1,074,555	$6,492,765	$1,878,758
2020	$1,681,692	$1,232,750	$3,928,473	$448,942
2019	$1,121,148	$721,830	$3,017,827	$399,318
2018	$1,138,279	$691,492	$2,278,632	$446,787

LIFE ASSET INC