LIFE COLLEGE

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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

Principal Officer

JOYCE ARNTSON

Phone

8775248776

Tax Period

2024-07-01 to 2025-06-30

LIFE COLLEGE, founded in 2013, is a small nonprofit in the Education sector that reported $431K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

EDUCATION PROGRAM FOCUSED ON PROVIDING LIFE SKILLS AND JOB SKILLS TO ADULTS WITH INTELLECTUAL DISABILITIES, HELPING OUR STUDENTS ACHIEVE INDEPENDENT LIVES

Program Service Accomplishments

Program 1

Expenses: $319,471 Revenue: $408,528

LIFE COLLEGE OFFERS AN EDUCATION PROGRAM FOCUSED ON PROVIDING LIFE SKILLS AND JOB SKILLS TO ADULTS WITH INTELLECTUAL DISABILITIES, HELPING OUR STUDENTS ACHIEVE INDEPENDENT LIVES

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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 $22,761

Program Service Revenue $408,528

Investment Income $0

Other Revenue $0

TOTAL REVENUE $431,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,398

Fundraising Expenses $1,437

Program Expenses $319,471

Other Expenses $83,901

TOTAL EXPENSES $431,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$431,289	$344,960	+0.3%
Expenses	$431,299	$380,724	+0.1%
Net Income	$-10	$-35,764	-1.0%

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

$117,789

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE ARNTSON	PRESIDENT	10.00	Officer Director	$0	$0	$0
GREGORY BRASHEARS	VP	15.00	Officer Director	$0	$0	$0
BOB HOLMEN	TREASURER	3.00	Officer Director	$0	$0	$0
DAMON SHELLY	DIRECTOR	3.00	Director	$0	$0	$0
NASIR JAVID	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP PRICKET	PROGRAM DIRECTOR	40.00	Officer	$112,800	$4,989	$117,789

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	$431,289	$431,299	$13,802	$-10
2024	$344,960	$380,724	$17,951	$-35,764
2023	$334,782	$299,486	$48,584	$35,296
2022	$241,444	$255,881	$16,044	$-14,437