PRESERVATION OF LIFE (EIN 464579289) - 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

Karlsten Otis

Phone

8323352596

Tax Period

2024-01-01 to 2024-12-31

PRESERVATION OF LIFE, founded in 2014, is a small nonprofit in the Human Services sector that reported $798K in total revenue in fiscal year 2024. The organization ran a surplus of $205K, a strong 26% operating margin.

Mission

At Preservation of Life, our sole purpose is to provide children nutritious meals, educational assistance, and support in becoming positive members of the community.

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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 $797,339

Program Service Revenue $75

Investment Income $0

Other Revenue $600

TOTAL REVENUE $798,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $412,358

Fundraising Expenses $0

Program Expenses $485,559

Other Expenses $181,019

TOTAL EXPENSES $593,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$798,014	$805,357	0.0%
Expenses	$593,377	$802,286	-0.3%
Net Income	$204,637	$3,071	+65.6%

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

$83,973

Total Directors

$83,973

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karlsten Otis	COO	40	Officer Director	$52,044	$0	$52,044
Shari Broomfield	CEO	40	Officer Director	$31,929	$0	$31,929
Crystal Leger	Board Member	2	Director	$0	$0	$0
Keith Broomfield Jr	Board Member	2	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	$798,014	$593,377	$267,854	$204,637
2023	$805,357	$802,286	$95,758	$3,071
2022	$842,300	$1,087,437	$96,150	$-245,137
2021	$798,163	$1,106,843	$341,288	$-308,680
2020	$965,835	$897,612	$237,461	$68,223
2019	$449,904	$449,084	$17,741	$820

PRESERVATION OF LIFE