THE LIFEBOAT PROJECT INC

EIN: 455412556 501(c)(3) Human Services

APOPKA, FL

Total Revenue
$714,479
Total Expenses
$834,647
Total Assets
$2,295,137
Net Assets
$1,987,659
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
FL
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

HUMAN TRAFFICKING AWARENESS, VICTIM SERVICES, AND VICTIM HOUSING.

Program Service Accomplishments

Program 1
Expenses: $790,091

PROVIDED EDUCATIONAL AWARENESS THROUGH SEMINARS AND SPEAKING ENGAGEMENTS, PROVIDING DIRECT COUNSELLING AND LEGAL SERVICES TO VICTIMS OF HUMAN TRAFFICKING AS WELL AS PROVIDING HOUSING TO VICTIMS...

Read more

PROVIDED EDUCATIONAL AWARENESS THROUGH SEMINARS AND SPEAKING ENGAGEMENTS, PROVIDING DIRECT COUNSELLING AND LEGAL SERVICES TO VICTIMS OF HUMAN TRAFFICKING AS WELL AS PROVIDING HOUSING TO VICTIMS. HUNDREDS OF VICTIMS HAVE BENEFITED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
8
Volunteers
30

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
4
$67,540
Total Directors
8
$67,540
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE LIFEBOAT PROJECT INC with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.