THE LIFEBOAT PROJECT INC (EIN 455412556) - 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

2012

Legal Domicile

Principal Officer

JILL COHEN

Phone

4076202674

Tax Period

2024-01-01 to 2024-12-31

THE LIFEBOAT PROJECT INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $714K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $835K exceeded revenue, resulting in a 17% operating deficit.

Mission

3TO PROVIDE AWARENESS OF HUMAN TRAFFICKING AND TO PROVIDE SERVICES TO VICTIMS.

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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 $539,415

Program Service Revenue $19,144

Investment Income $0

Other Revenue $155,920

TOTAL REVENUE $714,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $359,382

Fundraising Expenses $0

Program Expenses $790,091

Other Expenses $475,265

TOTAL EXPENSES $834,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$714,479	$765,296	-0.1%
Expenses	$834,647	$602,474	+0.4%
Net Income	$-120,168	$162,822	-1.7%

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

$67,540

Total Directors

$67,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL COHEN	PRESIDENT	40.00	Officer Director	$67,540	$0	$67,540
KATHY MCLAIN	CHAIR	5.00	Officer Director	$0	$0	$0
GARY COHEN	TREASURER	8.00	Officer Director	$0	$0	$0
WENDY GRAY	SECRETARY	2.00	Officer Director	$0	$0	$0
SHANNON K FRASER	DIRECTOR	5.00	Director	$0	$0	$0
FALLAN SHIELDS	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER KEEHBAUCH	DIRECTOR	2.00	Director	$0	$0	$0
DONNA SHELLEY	DIRECTOR	2.00	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	$714,479	$834,647	$2,295,137	$-120,168
2023	$765,296	$602,474	$2,394,314	$162,822
2022	$432,197	$389,038	$2,129,701	$43,159
2021	$249,609	$278,612	$2,048,097	$-29,003
2020	$438,439	$337,904	$2,070,849	$100,535
2019	$146,937	$254,840	$1,973,878	$-107,903
2018	$2,038,362	$100,571	$1,948,200	$1,937,791

THE LIFEBOAT PROJECT INC