LIVE YOUR MISSION INCORPORATED

EIN: 463382821 501(c)(3) Religion

North Port, FL

Total Revenue
$320,800
Total Expenses
$384,556
Total Assets
$19,826
Net Assets
$19,826
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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
CO
Principal Officer
Jim Phillips
Phone
3033240061
Tax Period
2024-01-01 to 2024-12-31

LIVE YOUR MISSION INCORPORATED, founded in 2013, is a small nonprofit in the Religion sector that reported $321K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $385K exceeded revenue, resulting in a 20% operating deficit.

Mission

Educational classes, seminars, retreats, and church services to train and equip under-resourced leaders. Support to orphans and widows, and to young people caught in sex trafficking.

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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 $320,800
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $320,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $135,011
Fundraising Expenses $19,875
Program Expenses $329,652
Other Expenses $249,545
TOTAL EXPENSES $384,556

Year-over-Year Comparison

2024 2023 Change
Revenue $320,800 $238,162 +0.3%
Expenses $384,556 $291,335 +0.3%
Net Income $-63,756 $-53,173 +0.2%
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
2
Volunteers
50

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
$57,011
Total Directors
2
$0
Key Employees
1
$57,011
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James L Phillips President 50
Officer Key Emp Highest
$57,011 $0 $57,011
Donna Patterson Secretary 1
Director
$0 $0 $0
Jason Green Treasurer 1
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 $320,800 $384,556 $19,826 $-63,756
2023 $238,162 $291,335 $83,582 $-53,173
2022 $343,713 $320,217 $136,755 $23,496
2021 $257,050 $213,981 $113,259 $43,069
2020 $206,910 $215,517 $70,190 $-8,607
2019 $289,907 $226,702 $78,797 $63,205
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