Mindful Life Project (EIN 475066819) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

JG Larochette

Phone

5103746167

Tax Period

2023-07-01 to 2024-06-30

Mindful Life Project, founded in 2015, is a community nonprofit in the Youth Development sector that reported $4.1M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $4.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

Empower underserved students and their teachers through mindfulness and other transformative skills.

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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 $2,117,728

Program Service Revenue $1,987,611

Investment Income $2,600

Other Revenue $0

TOTAL REVENUE $4,107,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,211,582

Fundraising Expenses $50,214

Program Expenses $4,157,445

Other Expenses $547,505

TOTAL EXPENSES $4,759,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,107,939	$4,971,386	-0.2%
Expenses	$4,759,087	$3,716,399	+0.3%
Net Income	$-651,148	$1,254,987	-1.5%

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

114

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

$170,212

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Andrew Nance	Board Member	2.00	Director	$0	$0	$0
Darren Main	Board Member	2.00	Director	$0	$0	$0
Erika Matamadas	Board Member	2.00	Director	$0	$0	$0
Geoff Kerr	Secretary/Board Member	2.00	Officer Director	$0	$0	$0
Hardik Kheskani	Board Member/Treasurer	2.00	Officer Director	$0	$0	$0
Jiffy Iuen	Board Member	2.00	Director	$0	$0	$0
Kelly Bathgate	Board Member/Chair	2.00	Officer Director	$0	$0	$0
Olivia Bowser	Board Member	2.00	Director	$0	$0	$0
Rachel Rajput	Board Member	2.00	Director	$0	$0	$0
Ruchika Sikri	Board Member	2.00	Director	$0	$0	$0
Stefanie Phillips	Board Member	2.00	Director	$0	$0	$0
Yanell Selman	Board Member	2.00	Director	$0	$0	$0
Pat Flanagan	Board Member	2.00	Director	$0	$0	$0
Shaheena Khan	Board Member	2.00	Director	$0	$0	$0
Tracy Smith	Board Member	2.00	Director	$0	$0	$0
JG Larochette	President	40.00	Officer	$170,212	$0	$170,212
Haydn Griffith	Director of Finance	40.00	Highest	$107,150	$7,138	$114,288
Theresa Cabral	Director of Talent & Operations	40.00	Highest	$107,227	$25,661	$132,888
Adiagha Mbonisi	Sr Director, Operations & Programs	40.00	Highest	$104,101	$6,954	$111,055
Carolina Valverde	Sr Director, Development and Marketing	40.00	Highest	$118,368	$4,351	$122,719

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
2025	No data	No data	No data	No data
2024	$4,107,939	$4,759,087	$1,990,300	$-651,148
2023	$4,971,386	$3,716,399	$2,682,471	$1,254,987
2022	$3,523,462	$2,951,032	$1,373,807	$572,430
2021	$2,429,681	$2,090,548	$596,781	$339,133
2020	$1,692,315	$1,691,655	$442,064	$660
2019	$1,232,896	$1,222,557	$189,027	$10,339
2018	$1,009,099	$972,674	$51,725	$36,425

Mindful Life Project