Life Project of North Carolina (EIN 464331987) - 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

2022

Phone

7043023699

Tax Period

2023-01-01 to 2023-12-31

Life Project of North Carolina, founded in 2022, is a small nonprofit in the Youth Development sector that reported $248K in total revenue in fiscal year 2023.

Mission

The mission of LIFE PROJECT OF NORTH CAROLINA is to help meet the communitys increasing demand for basic needs through collaboration and innovative partnerships that provide access to essential resources, empower individuals and families, and foster long-term sustainability and well-being. By working together with local organizations, businesses, and community members, we strive to create a supportive network that addresses the root causes of poverty and promotes health, stability, and opportunity for all.

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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 (2023)

Revenue Breakdown

Contributions & Grants $248,396

Program Service Revenue $0

Investment Income $0

Other Revenue $3

TOTAL REVENUE $248,399

Expense Breakdown

Grants Paid $21,083

Salaries & Benefits $149,171

Fundraising Expenses $54,270

Program Expenses $143,265

Other Expenses $81,218

TOTAL EXPENSES $251,472

Year-over-Year Comparison

	2023	2022	Change
Revenue	$248,399	N/A	N/A
Expenses	$251,472	N/A	N/A
Net Income	$-3,073	N/A	N/A

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Stephen Libby	President	Director	$0	$0	$0
Veronica Washington	Vice President	Director	$0	$0	$0
Jenna Knox	Treasurer	Officer	$0	$0	$0
Howard Beatty	Foundation Mgr.	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	No data	No data	No data	No data
2023	$248,399	$251,472	$16,738	$-3,073

Life Project of North Carolina