KEY LIFE NETWORK INC (EIN 592607667) - 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

1985

Legal Domicile

Principal Officer

GEORGE BINGHAM

Phone

4075390001

Tax Period

2024-01-01 to 2024-12-31

KEY LIFE NETWORK INC, founded in 1985, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $2.0M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO SUPPORT AND ENCOURAGE COMMUNICATION AND EXTENSION OF CHRISTIAN LIFE THROUGHOUT THE U.S. BY VARIOUS MODES OF COMMUNICATION.

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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 $1,561,301

Program Service Revenue $8,145

Investment Income $24,486

Other Revenue $-67,400

TOTAL REVENUE $1,526,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $893,551

Fundraising Expenses $121,132

Program Expenses $1,681,019

Other Expenses $1,062,690

TOTAL EXPENSES $1,956,241

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,526,532	$1,660,721	-0.1%
Expenses	$1,956,241	$1,984,588	0.0%
Net Income	$-429,709	$-323,867	+0.3%

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

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

$334,880

Total Directors

$334,880

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN W BROWN	SR. EXEC VP	40.00	Officer Director	$146,468	$38,112	$184,580
GEORGE D BINGHAM	PRESIDENT	40.00	Officer Director	$134,400	$0	$134,400
DR PETER ALWINSON	SECRETARY	0.75	Officer Director	$15,900	$0	$15,900
JAMES HENDERSON	BOARD MEMBER	0.00	Director	$0	$0	$0
DR MICHAEL MASTERS	BOARD MEMBER	0.00	Director	$0	$0	$0
DR ROBERT C CANNADA JR	BOARD MEMBER	0.00	Director	$0	$0	$0
ROBERT E BLOCK	BOARD MEMBER	0.00	Director	$0	$0	$0
RICHARD A FARMER	CHAIRMAN/TREASURER	0.00	Officer Director	$0	$0	$0
LARRY ANDERSON	BOARD MEMBER	0.00	Director	$0	$0	$0
ALBERT FRAGA	BOARD MEMBER	0.00	Director	$0	$0	$0
BARBARA JULIANI	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES HUGHES	BOARD MEMBER	0.00	Director	$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	$1,526,532	$1,956,241	$1,106,603	$-429,709
2023	$1,660,721	$1,984,588	$1,545,738	$-323,867
2022	$1,651,763	$1,920,845	$1,851,219	$-269,082
2021	$1,772,771	$1,803,798	$2,219,266	$-31,027
2020	$1,657,527	$1,952,688	$2,246,108	$-295,161
2019	$1,496,703	$1,997,264	$2,484,139	$-500,561
2018	$1,841,568	$2,079,199	$2,955,085	$-237,631

KEY LIFE NETWORK INC