LIFE HOUSE MINISTRIES INC

EIN: 472015637 501(c)(3) Human Services

THOMASVILLE, AL

Total Revenue
$216,290
Total Expenses
$216,014
Total Assets
$37,852
Net Assets
$37,473
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
AL
Principal Officer
TIM REID
Phone
3346364356
Tax Period
2024-01-01 to 2024-12-31

LIFE HOUSE MINISTRIES INC, founded in 2014, is a small nonprofit in the Human Services sector that reported $306K in total revenue in fiscal year 2021. Revenue surged 124% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT MINISTRIES IN CLARKE COUNTY ALABAMA AND SURROUNDING AREAS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $216,290
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $216,290

Expense Breakdown

Grants Paid $96,000
Salaries & Benefits $112,922
Fundraising Expenses $0
Program Expenses $208,922
Other Expenses $7,092
TOTAL EXPENSES $216,014

Year-over-Year Comparison

2024 2023 Change
Revenue $216,290 $253,200 -0.1%
Expenses $216,014 $261,021 -0.2%
Net Income $276 $-7,821 -1.0%
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
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY H CHANCE PRESIDENT 1.00
Officer Director
$0 $0 $0
TIMOTHY REID SEC/TREASURER 2.00
Officer Director
$0 $0 $0
VAUGHAN DRINKARD VICE PRESIDENT 1.00
Officer 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 $216,290 $216,014 $37,852 $276
2023 $253,200 $261,021 $36,870 $-7,821
2022 $316,961 $311,478 $44,640 $5,483
2021 $305,540 $324,450 $38,716 $-18,910
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