Life Enrichment Center Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1980

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $203,196

The Center provides classes in Tai Chi, Low Impact Excercise, Yoga and a variety of types of dance classes; designed to promote strength, range of motion, healthy circulation, movement and bone...

The Center provides classes in Tai Chi, Low Impact Excercise, Yoga and a variety of types of dance classes; designed to promote strength, range of motion, healthy circulation, movement and bone density for our participants to remain active, independent and productive throughtout their lives.

Program 2

The Center provides professionally instructed Art classes in a diverse range of media and applications designed to challenge individuals. Challenging intellectual and creative artistic...

The Center provides professionally instructed Art classes in a diverse range of media and applications designed to challenge individuals. Challenging intellectual and creative artistic pursuits-taught by professionals-has proven to have remarkable impact and long term health and well-being for adults to maintain high functioning, active and independent, well into their senior years. Diverse opportunities include ongoing classes in a wide range of media such as: Creative Writing, Pastels, Watercolor, Drawing, Oil and Acrylic, and Clay. We also provide art based workshops in techniques and additional media.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Key Employees

Highest Compensated

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