Life Essentials Foundation

EIN: 462309719 501(c)(3) International Affairs

Dallas, TX

Total Revenue
$244,239
Total Expenses
$287,797
Total Assets
$204,301
Net Assets
$199,363
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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
2013
Legal Domicile
TX
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), housing, and legal services.

Program Service Accomplishments

Program 1
Expenses: $127,035 Revenue: $0

Assistance to homeless individuals by offering meals, medical care, temporary housing, laundry services, legal services, and training and recovery programs.

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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 (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
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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
3
Independent Members
2
Employees
1
Volunteers
20

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
$68,602
Total Directors
3
$68,602
Key Employees
0
$0
Highest Compensated
1
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
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