LIFE SERVE YOUTH FOUNDATION INC

EIN: 471157856 501(c)(3) Youth Development

CHATHAM, NY

Total Revenue
$30,900
Total Expenses
$83,606
Total Assets
$-3,666
Net Assets
$-4,270
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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
NY
Principal Officer
ADAM SLONE
Phone
9175142282
Tax Period
2023-01-01 to 2023-12-31

LIFE SERVE YOUTH FOUNDATION INC, founded in 2014, is a micro nonprofit in the Youth Development sector that reported $31K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $84K exceeded revenue, resulting in a 171% operating deficit.

Mission

TO DEVELOP AND GROW A NON-PROFIT YOUTH-FOCUSED ORGANIZATION THAT A) CULTIVATES EDUCATIONAL DEVELOPMENT, LIFE SKILLS, POSITIVE HEALTH BEHAVIORS, PHYSICAL ACTIVITY, AND ENVIRONMENTAL CONSCIOUSNESS AND SUSTAINABILITY USING A RESIDENTIAL TENNIS PROGRAM AS THE CATALYST; B) TO UTILIZE THE DISCIPLINE OF TENNIS TO TRANSFORM THE LIVES OF FINANCIALLY CHALLENGED YOUTH, AGES 12-17 FROM UNDERSERVED COMMUNITIES ACROSS NEW ENGLAND AND THE GREATER NEW YORK CITY AREA, TO ENABLE THEM TO GAIN GREATER SELF-CONFIDENCE, ACHIEVE HIGHER ACADEMIC PERFORMANCE, AND ATTAIN GREATER PERSONAL/SOCIAL RESPONSIBILITY SO THEY BECOME BETTER LEADERS IN THEIR HOME COMMUNITIES, AT WORK AND IN LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $30,900
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $30,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $72,790
Other Expenses $83,606
TOTAL EXPENSES $83,606

Year-over-Year Comparison

2023 2022 Change
Revenue $30,900 $43,649 -0.3%
Expenses $83,606 $72,104 +0.2%
Net Income $-52,706 $-28,455 +0.9%
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
7
Independent Members
7
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
1
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM SLONE CEO, PRESIDE 10.00
Officer Director
$0 $0 $0
TRICIA MCKITTY DIRECTOR, VP N/A
Director
$0 $0 $0
STERLY WILDER DIRECTOR N/A
Director
$0 $0 $0
DEVARSHI MITRA DIRECTOR 5.00
Director
$0 $0 $0
LYNNE BERMONT DIRECTOR N/A
Director
$0 $0 $0
JASON CHAPMAN DIRECTOR, VP N/A
Director
$0 $0 $0
FRANK WILLIAMS DIRECTOR N/A
Director
$0 $0 $0
SIMON ALDRICH DIRECTOR N/A
Director
$0 $0 $0
DANIEL SILVER DIRECTOR N/A
Director
$0 $0 $0
ELIZABETH M BARBEAU DIRECTOR N/A
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 No data No data No data No data
2023 $30,900 $83,606 $-3,666 $-52,706
2022 $43,649 $72,104 $49,040 $-28,455
2021 $120,393 $78,587 $81,276 $41,806
2020 $29,056 $139,461 $93,144 $-110,405
2019 $368,815 $330,230 $176,955 $38,585
2018 $204,953 $243,051 $133,320 $-38,098
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