Life Essentials Foundation (EIN 462309719) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

James McWhinney

Phone

8883889199

Tax Period

2024-01-01 to 2024-12-31

Life Essentials Foundation, founded in 2013, is a small nonprofit in the International Affairs sector that reported $244K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $288K exceeded revenue, resulting in a 18% operating deficit.

Mission

Direct charitable services and assistance to homeless individuals through training and eduction, recovery, drop-in services (including showers, meals, laundry and medical),

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $230,172

Program Service Revenue $0

Investment Income $12,705

Other Revenue $1,362

TOTAL REVENUE $244,239

Expense Breakdown

Grants Paid $25,022

Salaries & Benefits $117,605

Fundraising Expenses $37,364

Program Expenses $127,035

Other Expenses $136,438

TOTAL EXPENSES $287,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$244,239	$204,633	+0.2%
Expenses	$287,797	$348,110	-0.2%
Net Income	$-43,558	$-143,477	-0.7%

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

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

$68,602

Total Directors

$68,602

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James McWhinney	President	40.00	Officer Director Highest	$68,602	$0	$68,602
Lisa Chen	Secretary	5.00	Director	$0	$0	$0
Kenneth Stauver	Director	5.00	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	$244,239	$287,797	$204,301	$-43,558
2023	$204,633	$348,110	$248,561	$-143,477
2022	$291,246	$349,031	$397,651	$-57,785
2021	$557,859	$328,940	$468,490	$228,919
2020	$320,161	$235,739	$246,872	$84,422
2018	$360,192	$276,825	$176,904	$83,367

Life Essentials Foundation