LIFE EXPERIENCES INC

EIN: 561201695 501(c)(3)

MORRISVILLE, NC

Total Revenue
$328,167
Total Expenses
$198,026
Total Assets
$1,686,334
Net Assets
$1,665,753
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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
1979
Legal Domicile
NC
Principal Officer
MICHELLE HILE
Phone
9194671973
Tax Period
2024-07-01 to 2025-06-30

LIFE EXPERIENCES INC, founded in 1979, is a small nonprofit that reported $328K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $130K, a strong 40% operating margin.

Mission

TO SERVE AND IMPROVE THE LIVES OF ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $148,101
Program Service Revenue $0
Investment Income $31,823
Other Revenue $148,243
TOTAL REVENUE $328,167

Expense Breakdown

Grants Paid $108,469
Salaries & Benefits $62,166
Fundraising Expenses $2,470
Program Expenses $178,086
Other Expenses $27,391
TOTAL EXPENSES $198,026

Year-over-Year Comparison

2024 2023 Change
Revenue $328,167 $458,873 -0.3%
Expenses $198,026 $157,613 +0.3%
Net Income $130,141 $301,260 -0.6%
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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Governance

Voting Members
11
Independent Members
11
Employees
1
Volunteers
20

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
$51,050
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CASEY WILSON CHAIR 2.00
Officer Director
$0 $0 $0
MARK NEWMAN VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOHNNY GUEMPLE TREASURER 2.00
Officer Director
$0 $0 $0
TRACY SERVISS SECRETARY 2.00
Officer Director
$0 $0 $0
SHEILA BYRNES-NEDOMA BOARD MEMBER 1.00
Director
$0 $0 $0
A MICHAEL CUOMO BOARD MEMBER 1.00
Director
$0 $0 $0
DANIELLE FUHRMAN BOARD MEMBER 1.00
Director
$0 $0 $0
HAROLD K JORDAN JR BOARD MEMBER 1.00
Director
$0 $0 $0
HARRY MONTGOMERY JR BOARD MEMBER 1.00
Director
$0 $0 $0
WALT PARKER BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA TURNER BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE HILE EXECUTIVE DIRECTOR 25.00
Officer
$49,290 $1,760 $51,050
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 $328,167 $198,026 $1,686,334 $130,141
2024 $458,873 $157,613 $1,545,745 $301,260
2023 $381,265 $188,723 $1,499,535 $192,542
2022 $236,760 $150,040 $1,381,173 $86,720
2021 $512,275 $510,681 $1,337,876 $1,594
2020 $605,698 $835,612 $1,443,683 $-229,914
2019 $703,438 $834,443 $1,663,580 $-131,005
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