TRUE LIFE (EIN 463436398) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

T RAMSEY

Phone

8174018619

Tax Period

2024-01-01 to 2024-12-31

TRUE LIFE, founded in 2014, is a small nonprofit in the Religion sector that reported $120K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $304K exceeded revenue, resulting in a 153% operating deficit.

Mission

TRUE LIFE IS A NONPROFIT ORGANIZATION THAT ENDEAVORS TO FULFILL THE EPHESIANS 2:10 CALLING OF IT FOUNDERS - "FOR WE ARE GOD'S HANDIWORK, CREATED IN CHRIST JESUS TO DO GOOD WORK, WHICH GOD PREPARED IN ADVANCE FOR US TO DO."

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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 $120,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $120,000

Expense Breakdown

Grants Paid $301,080

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $302,132

Other Expenses $2,952

TOTAL EXPENSES $304,032

Year-over-Year Comparison

	2024	2023	Change
Revenue	$120,000	$515,845	-0.8%
Expenses	$304,032	$510,616	-0.4%
Net Income	$-184,032	$5,229	-36.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
T RAMSEY	PRESIDENT &	1.00	Officer	$0	$0	$0
T RUSHING	VICE PRESIDE	1.00	Officer	$0	$0	$0
L SCOTT	VICE PRESIDE	1.00	Officer	$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	$120,000	$304,032	$1,916,037	$-184,032
2023	$515,845	$510,616	$2,219,310	$5,229
2022	$171,154	$121,682	$2,090,688	$49,472
2021	$686,544	$280,504	$2,034,019	$406,040
2020	$663,576	$286,159	$1,995,991	$377,417
2019	$310,359	$115,634	$1,266,007	$194,725
2018	$63,943	$70,153	$1,069,816	$-6,210

TRUE LIFE