Life Enrichment Center Inc

EIN: 592108128 501(c)(3)

Tampa, FL

Total Revenue
$222,628
Total Expenses
$209,324
Total Assets
$400,957
Net Assets
$392,177
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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
1980
Legal Domicile
FL
Principal Officer
Stephen Powell
Phone
8139320241
Tax Period
2024-01-01 to 2024-12-31

Life Enrichment Center Inc, founded in 1980, is a small nonprofit that reported $223K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $209K left a modest 6% surplus.

Mission

The Life Enrichment Centers mission is dedicated to creating a high quality, accessible arts and culture platform that focuses on the importance of lifelong learning in the fine arts, health and wellness programs and cultural humanities for a vibrant adult community.

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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 $177,853
Program Service Revenue $44,775
Investment Income $0
Other Revenue $0
TOTAL REVENUE $222,628

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $203,196
Other Expenses $209,324
TOTAL EXPENSES $209,324

Year-over-Year Comparison

2024 2023 Change
Revenue $222,628 $152,411 +0.5%
Expenses $209,324 $113,216 +0.8%
Net Income $13,304 $39,195 -0.7%
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
8
Independent Members
8
Employees
N/A
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
10
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jim Kallaher II Trustee 0.30
Officer Director
$0 $0 $0
Cathy McEvoy Trustee 0.30
Officer Director
$0 $0 $0
T J Couch Jr Chairman Emeritus 0.30
Director
$0 $0 $0
Barbara Koehler Trustee 0.30
Officer Director
$0 $0 $0
Arleen Mariotti Secretary 0.30
Officer Director
$0 $0 $0
William Mathes Trustee 0.30
Officer Director
$0 $0 $0
Martin Kledzik Vice Chair 0.30
Officer Director
$0 $0 $0
David Chiroboga Trustee 0.00
Officer Director
$0 $0 $0
Mike Marselli Treasurer 0.30
Officer
$0 $0 $0
Stephen Powell Chairman 0.30
Officer
$0 $0 $0
Campbell Buchanan Trustee 0.00
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
2024 $222,628 $209,324 $400,957 $13,304
2023 $152,411 $113,216 $366,771 $39,195
2022 $215,175 $173,274 $261,768 $41,901
2021 $169,604 $197,350 $260,862 $-27,746
2020 $187,097 $158,281 $273,854 $28,816
2019 $202,904 $205,499 $231,306 $-2,595
2018 $195,821 $207,977 $207,465 $-12,156
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