SHARE FOR LIFE FOUNDATION INC

EIN: 571145113 501(c)(3) Human Services

New York, NY

Total Revenue
$309,726
Total Expenses
$346,626
Total Assets
$36,021
Net Assets
$36,021
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NJ
Principal Officer
Janine Saulsbury
Phone
9176535965
Tax Period
2023-01-01 to 2023-12-31

SHARE FOR LIFE FOUNDATION INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $310K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $347K exceeded revenue, resulting in a 12% operating deficit.

Mission

Our mission is to provide the necessary resources, education and information to enable those currently living at or below poverty to become self-sufficient, productive members of society.

Program Service Accomplishments

Program 1
Expenses: $109,384 Revenue: $97,726

Provide educational resources to the poverty stricken in NYC public housing.

Program 2
Expenses: $111,528 Revenue: $175,000

Provide food distribution services to the poverty stricken in NYC public housing.

Program 3
Expenses: $17,294 Revenue: $25,000

Provide Holiday giveaways to the poverty stricken in NYC public housing.

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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 $98,326
Program Service Revenue $211,400
Investment Income $0
Other Revenue $0
TOTAL REVENUE $309,726

Expense Breakdown

Grants Paid $0
Salaries & Benefits $163,758
Fundraising Expenses $3,036
Program Expenses $238,206
Other Expenses $182,868
TOTAL EXPENSES $346,626

Year-over-Year Comparison

2023 2022 Change
Revenue $309,726 $244,941 +0.3%
Expenses $346,626 $346,512 +0.0%
Net Income $-36,900 $-101,571 -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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
N/A
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
1
$54,900
Total Directors
1
$54,900
Key Employees
1
$54,900
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Janine Saulsbury Executive Director 25
Officer Director Key Emp Highest
$54,900 $0 $54,900
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 $309,726 $346,626 $36,021 $-36,900
2022 $244,941 $346,512 $78,258 $-101,571
2021 $525,815 $363,130 $179,829 $162,685
2020 $345,783 $347,704 $59,834 $-1,921
2019 $282,755 $270,616 $19,065 $12,139
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