Turnaround Life Inc

🔒

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

Peter Gamache

Phone

8138175100

Tax Period

2023-01-01 to 2023-12-31

Turnaround Life Inc, founded in 2014, is a small nonprofit in the Public & Societal Benefit sector that reported $188K in total revenue in fiscal year 2023. Expenses of $214K exceeded revenue, resulting in a 14% operating deficit.

Mission

To design and evaluate systems and programs that help people turn their lives around.

Program Service Accomplishments

Program 1

Expenses: $213,728 Revenue: $0

Education support services by designing and evaluating systems and programs that help people turn their lives around.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $187,808

Investment Income $53

Other Revenue $0

TOTAL REVENUE $187,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,728

Other Expenses $213,728

TOTAL EXPENSES $213,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,861	$177,535	+0.1%
Expenses	$213,728	$192,366	+0.1%
Net Income	$-25,867	$-14,831	+0.7%

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

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
Peter Gamache	President	40.00	Officer	$0	$0	$0
Sally Hoogewerf	Director	10.00	Officer	$0	$0	$0
Rohan Jeremiah	Director	10.00	Officer	$0	$0	$0
Bylli Peiper	Treasurer	10.00	Officer	$0	$0	$0
Marianne Sarkis	Director	10.00	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	No data	No data	No data	No data
2023	$187,861	$213,728	$173,411	$-25,867
2022	$177,535	$192,366	No data	$-14,831
2021	$211,766	$329,225	No data	$-117,459
2020	$321,072	$275,511	No data	$45,561
2019	$322,713	$280,216	$261,057	$42,497
2018	$416,876	$273,653	$218,562	$143,223