THE LIFE ENRICHMENT CENTER INC (EIN 586068365) - 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

1967

Legal Domicile

Principal Officer

RITA JUDY

Phone

4784457176

Tax Period

2024-07-01 to 2025-06-30

THE LIFE ENRICHMENT CENTER INC, founded in 1967, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 6% surplus.

Mission

PROVIDE REHABILITATION AND SHELTERED WORKSHOP EXPERIENCE FOR ADULTS IN THE COMMUNITY WITH DEVELOPMENT 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,109,954

Program Service Revenue $0

Investment Income $4,830

Other Revenue $0

TOTAL REVENUE $1,114,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $672,505

Fundraising Expenses $0

Program Expenses $901,048

Other Expenses $371,073

TOTAL EXPENSES $1,043,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,114,784	$891,717	+0.3%
Expenses	$1,043,578	$971,563	+0.1%
Net Income	$71,206	$-79,846	-1.9%

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

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

Total Directors

$70,012

Key Employees

$123,939

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Patti Weimer	PRESIDENT & DIRECTOR	5.00	Officer Director	$0	$0	$0
Cindy Nunn	DIRECTOR	1.00	Officer Director	$0	$0	$0
LORI HAMILTON	SECRETARY & DIRECTOR	1.00	Officer Director	$0	$0	$0
CAROL MATHIS	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE DECLOUETTE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA COLEMAN	EXECUTIVE DIRECTOR	40.00	Director Key Emp	$70,012	$0	$70,012
SUSAN BERGERON	DIRECTOR	1.00	Director	$0	$0	$0
RENEE LASSETTER	ADMIN BUSINESS MGR	40.00	Key Emp	$53,927	$0	$53,927

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	$1,114,784	$1,043,578	$867,755	$71,206
2024	$891,717	$971,563	$794,558	$-79,846
2023	$1,151,041	$959,031	$874,707	$192,010
2022	$1,109,140	$895,126	$675,657	$214,014
2021	$600,680	$860,126	$811,260	$-259,446
2020	$1,154,464	$1,192,478	$713,049	$-38,014
2019	$1,320,378	$1,369,777	$799,149	$-49,399

THE LIFE ENRICHMENT CENTER INC