CENTER FOR LIFE AND FAITH

EIN: 472728106 501(c)(3) Education

New York, NY

Total Revenue
$679,582
Total Expenses
$799,197
Total Assets
$1,215,108
Net Assets
$171,982
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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
2015
Legal Domicile
NY
Principal Officer
Kimberly Wright
Phone
2016530150
Tax Period
2023-01-01 to 2023-12-31

CENTER FOR LIFE AND FAITH, founded in 2015, is a small nonprofit in the Education sector that reported $680K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $799K exceeded revenue, resulting in a 18% operating deficit.

Mission

The organization's mission is to provide high quality low-cost child care services to working families.

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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 $664,158
Program Service Revenue $15,424
Investment Income $0
Other Revenue $0
TOTAL REVENUE $679,582

Expense Breakdown

Grants Paid $0
Salaries & Benefits $422,939
Fundraising Expenses $0
Program Expenses $637,875
Other Expenses $376,258
TOTAL EXPENSES $799,197

Year-over-Year Comparison

2023 2022 Change
Revenue $679,582 $897,535 -0.2%
Expenses $799,197 $611,954 +0.3%
Net Income $-119,615 $285,581 -1.4%
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
4
Independent Members
4
Employees
20
Volunteers
4

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
5
$103,900
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kimberly Wright President 40
Officer
$103,900 $0 $103,900
Ernesto Rodriguez Chairperson 1
Officer Director
$0 $0 $0
Vanessa Rodriguez Treasurer 1
Officer Director
$0 $0 $0
Kelvin Walter Vice Chairperson 1
Officer Director
$0 $0 $0
Luz Rivera Secretary 1
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 No data No data No data No data
2023 $679,582 $799,197 $1,215,108 $-119,615
2022 $897,535 $611,954 $434,760 $285,581
2021 $239,580 $331,467 $91,651 $-91,887
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