IMPACT LIVING SERVICES

EIN: 454769701 501(c)(3) Youth Development

FOREST, VA

Total Revenue
$11,842,581
Total Expenses
$11,031,796
Total Assets
$7,366,279
Net Assets
$4,063,358
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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
2012
Legal Domicile
VA
Tax Period
2023-01-01 to 2023-12-31

IMPACT LIVING SERVICES, founded in 2012, is a mid-sized nonprofit in the Youth Development sector that reported $11.8M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $11.0M left a modest 7% surplus.

Mission

IMPACT LIVING SERVICES (ILS) PROVIDES UNIQUE AND VARIED SERVICES TO THE VIRGINIA COMMUNITY. ILS IS A LICENSED CHILD PLACING AGENCY PROVIDING TRANSITIONAL LIVING SERVICES FOCUSED ON ASSISTING YOUTH IN FOSTER CARE BY PROMOTING INTERDEPENDENCE.

Program Service Accomplishments

Program 1
Expenses: $10,174,492

IMPACT LIVING SERVICES (ILS) IS A NON-PROFIT AGENCY PROVIDING UNIQUE AND VARIED SERVICES TO THE CENTRAL VIRGINIA COMMUNITY. ILS IS A LICENSED CHILD PLACING AGENCY PROVIDING TRANSITIONAL LIVING...

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IMPACT LIVING SERVICES (ILS) IS A NON-PROFIT AGENCY PROVIDING UNIQUE AND VARIED SERVICES TO THE CENTRAL VIRGINIA COMMUNITY. ILS IS A LICENSED CHILD PLACING AGENCY PROVIDING TRANSITIONAL LIVING SERVICES FOCUSED ON ASSISTING YOUTH IN FOSTER CARE BY PROMOTING INTERDEPENDENCE SO THAT EACH YOUTH MAY REACH THEIR INDIVIDUAL POTENTIAL SOCIALLY, ACADEMICALLY, VOCATIONALLY AND RELATIONALLY. IT ALSO PROVIDES FAMILY SERVICES AND COUNSELING TO PREVENT CHILDREN FROM ENTERING THE FOSTER CARE SYSTEM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $810,565
Program Service Revenue $11,020,680
Investment Income $11,336
Other Revenue $0
TOTAL REVENUE $11,842,581

Expense Breakdown

Grants Paid $26,152
Salaries & Benefits $5,734,444
Fundraising Expenses $107,968
Program Expenses $10,174,492
Other Expenses $5,271,200
TOTAL EXPENSES $11,031,796

Year-over-Year Comparison

2023 2022 Change
Revenue $11,842,581 $9,334,260 +0.3%
Expenses $11,031,796 $7,844,460 +0.4%
Net Income $810,785 $1,489,800 -0.5%
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
4
Independent Members
3
Employees
163
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
1
$399,000
Total Directors
4
$399,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL TESI PRESIDENT 30.00
Officer Director
$399,000 $0 $399,000
KRISTI DOLAN DIRECTOR 1.00
Director
$0 $0 $0
KEVIN CLORAN DIRECTOR 2.00
Director
$0 $0 $0
MARY LEE DIRECTOR 10.00
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 No data No data No data No data
2023 $11,842,581 $11,031,796 $7,366,279 $810,785
2022 $9,334,260 $7,844,460 $5,802,077 $1,489,800
2021 $6,118,517 $5,309,978 $3,151,473 $808,539
2020 $3,936,065 $3,736,764 $1,676,803 $199,301
2019 $2,884,872 $2,574,310 $737,445 $310,562
2018 $2,225,019 $2,163,735 $761,176 $61,284
2018 $2,225,019 $2,163,735 $761,176 $61,284
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