LIFESPAN RESOURCES INC (EIN 581479860) - 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

1982

Legal Domicile

Principal Officer

Margaret Palmiter

Phone

4042377307

Tax Period

2021-01-01 to 2021-12-31

LIFESPAN RESOURCES INC, founded in 1982, is a small nonprofit in the Human Services sector that reported $202K in total revenue in fiscal year 2021. The organization ran a surplus of $129K, a strong 64% operating margin.

Mission

Providing enrichment classes and lunches for older adults on a weekly basis. Medical escort transportation provides older adults transportation for doctor's visits and other required transportation

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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 (2021)

Revenue Breakdown

Contributions & Grants $192,543

Program Service Revenue $9,831

Investment Income $0

Other Revenue $0

TOTAL REVENUE $202,374

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,474

Fundraising Expenses $0

Program Expenses $11,488

Other Expenses $22,578

TOTAL EXPENSES $73,052

Year-over-Year Comparison

	2021	2020	Change
Revenue	$202,374	N/A	N/A
Expenses	$73,052	N/A	N/A
Net Income	$129,322	$0	N/A

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

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

$44,125

Key Employees

$8,039

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Margaret Palmiter	Exec Director	30	Director	$44,125	$0	$44,125
Hillary Smith	Admin	1	Key Emp	$4,200	$0	$4,200
Susan Hills	Bookkeeper	1.5	Key Emp	$1,689	$0	$1,689
Clementine Rasheed	Instructor	1	Key Emp	$1,150	$0	$1,150
Rose Haven	Instructor	1	Key Emp	$1,000	$0	$1,000
Donnell Johnson	President	0	Officer	$0	$0	$0
Jeanie Christian	Vice President	0	Officer	$0	$0	$0
Patricia Sailers	Secretary/Treasurer	0	Officer	$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
2021	$202,374	$73,052	$274,863	$129,322

LIFESPAN RESOURCES INC