LIFE SERVE YOUTH FOUNDATION INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $72,790

TO SUPPORT YOUTHS FROM UNDERSERVED COMMUNITIES, BY BEING EXPOSED AND MENTORED TO IN POSITIVE AND FRUITFUL WAYS, THROUGH THE SPORT OF TENNIS.

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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 $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

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
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