TRUE LIFE

🔒

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

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

THE PRIMARY PURPOSE OF TRUE LIFE WILL BE TO PROVIDE CHRISTIAN PROGRAMS TO ITS LOCAL COMMUNITY AND TO THE WORLD.

Program Service Accomplishments

Program 1

Expenses: $302,132

THE PRIMARY PURPOSE OF TRUE LIFE WILL BE TO PROVIDE CHRISTIAN PROGRAMS TO ITS LOCAL COMMUNITY AND TO THE WORLD.

🔒

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 $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

🔒

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

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