ESSENTIAL LIVING INC (EIN 475214587) - Form 990 Financial Analysis & Trantor Score

🔒

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

2015

Legal Domicile

Principal Officer

BLAKE NYBAKKEN

Phone

7018523045

Tax Period

2024-01-01 to 2024-12-31

ESSENTIAL LIVING INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $628K in total revenue in fiscal year 2024. Expenses of $785K exceeded revenue, resulting in a 25% operating deficit.

Mission

PROVIDES AFFORDABLE HOUSING.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $529,101

Investment Income $7,873

Other Revenue $91,045

TOTAL REVENUE $628,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $741,811

Other Expenses $784,807

TOTAL EXPENSES $784,807

Year-over-Year Comparison

	2024	2023	Change
Revenue	$628,019	$602,906	+0.0%
Expenses	$784,807	$870,254	-0.1%
Net Income	$-156,788	$-267,348	-0.4%

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
BRUCE WALKER	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVE GEHRTZ	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BLAKE NYBAKKEN	TREASURER	5.00	Officer Director	$0	$0	$0
VICKI CAMPBELL	SECRETARY	5.00	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	$628,019	$784,807	$10,160,707	$-156,788
2023	$602,906	$870,254	$10,394,210	$-267,348
2022	$379,823	$573,501	$10,627,377	$-193,678
2021	$343,093	$428,087	$8,014,666	$-84,994
2020	$335,248	$430,488	$6,148,121	$-95,240
2019	$326,199	$451,939	$5,685,158	$-125,740
2018	$168,044	$434,520	$5,931,614	$-266,476

ESSENTIAL LIVING INC