LIFEQUEST INC

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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

1970

Legal Domicile

Principal Officer

SARAH BECKSTROM

Phone

6059962032

Tax Period

2024-07-01 to 2025-06-30

LIFEQUEST INC, founded in 1970, is a mid-sized nonprofit in the Human Services sector that reported $15.7M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $14.4M left a modest 8% surplus.

Mission

TO PROVIDE SUPPORTS AND SERVICES TO PEOPLE WITH DEVELOPMENTAL DISABILITIES

Program Service Accomplishments

Program 1

Expenses: $3,980,438 Revenue: $15,110,378

LIFEQUEST PROVIDES DAY SERVICES TO APPROXIMATELY 152 PEOPLE WHO HAVE INTELLECTUAL OR DEVELOPMENTAL DISABILITIES. DAY SERVICES INCLUDE JOB INTEREST, READINESS, COACHING AND MAINTENANCE. OTHER DAY...

LIFEQUEST PROVIDES DAY SERVICES TO APPROXIMATELY 152 PEOPLE WHO HAVE INTELLECTUAL OR DEVELOPMENTAL DISABILITIES. DAY SERVICES INCLUDE JOB INTEREST, READINESS, COACHING AND MAINTENANCE. OTHER DAY SERVICES INCLUDE LIFE SKILLS EDUCATION AND ENHANCEMENT SUPPORT AND EXPERIENCES.

Program 2

Expenses: $6,391,867

LIFEQUEST PROVIDES RESIDENTIAL SERVICES TO APPROXIMATELY 155 PEOPLE WHO HAVE INTELLECTUAL OR DEVELOPMENTAL DISABILITIES - 75 IN GROUP HOMES, 5 IN SUPERVISED APARTMENTS, 20 IN SHARED-LIVING, AND 55 IN MONITORED APARTMENTS IN THE COMMUNITY. VARIOUS SERVICES ARE PROVIDED - PERSONAL CARE, FOOD SERVICES, SHOPPING, TRANSPORTATION, AND SOCIAL RECREATIONAL SUPPORTS, ETC.

Program 3

Expenses: $1,389,376

LIFEQUEST PROVIDES FAMILY SUPPORT SERVICES (FINANCIAL ASSISTANCE, RESPITE CARE, PERSONAL CARE, ETC.) TO ABOUT 650 FAMILIES AROUND THE STATE OF SOUTH DAKOTA SO THAT THEY CAN KEEP THEIR CHILDREN AT...

LIFEQUEST PROVIDES FAMILY SUPPORT SERVICES (FINANCIAL ASSISTANCE, RESPITE CARE, PERSONAL CARE, ETC.) TO ABOUT 650 FAMILIES AROUND THE STATE OF SOUTH DAKOTA SO THAT THEY CAN KEEP THEIR CHILDREN AT HOME, TO PREVENT OUT- OF-HOME PLACEMENT.

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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 $2,107,628

Program Service Revenue $13,542,247

Investment Income $8,314

Other Revenue $47,900

TOTAL REVENUE $15,706,089

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,026,571

Fundraising Expenses $126,111

Program Expenses $12,406,480

Other Expenses $2,394,782

TOTAL EXPENSES $14,421,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,706,089	$19,898,893	-0.2%
Expenses	$14,421,353	$18,123,240	-0.2%
Net Income	$1,284,736	$1,775,653	-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

905

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MINDY CHILDS	DIRECTOR	1.00	Director	$0	$0	$0
LORI EISCHENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL GIBLIN	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL GIBLIN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN KIEPKE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH LUCZAK	DIRECTOR	1.00	Director	$0	$0	$0
KIM MOHR	SECRETARY/TR	1.00	Officer Director	$0	$0	$0
STEVE MORGAN	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MUSICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
NATHAN SPARKS	DIRECTOR	1.00	Director	$0	$0	$0
LISA THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WEIER	VICE PRESIDE	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
2025	$15,706,089	$14,421,353	$10,668,067	$1,284,736
2024	$19,898,893	$18,123,240	$9,112,715	$1,775,653
2023	$16,070,221	$15,160,082	$8,723,211	$910,139
2022	$13,616,526	$13,189,342	$9,838,448	$427,184
2021	$14,949,946	$11,557,527	$5,936,493	$3,392,419
2020	$10,608,174	$10,772,799	$3,953,785	$-164,625
2019	$9,622,361	$9,705,768	$2,716,639	$-83,407