LIFE CONCEPTS INDEPENDENT LIVING I… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

TODD THRASHER

Phone

4072184300

Tax Period

2022-07-01 to 2023-06-30

LIFE CONCEPTS INDEPENDENT LIVING II INC, founded in 1991, is a micro nonprofit in the Housing & Shelter sector that reported $66K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year.

Mission

THE ORGANIZATION OPERATES AN APARTMENT BUILDING TO PROVIDE HOUSING AND TRAINING FOR INDIVIDUALS WHO ARE DEVELOPMENTALLY DISABLED.

Program Service Accomplishments

Program 1

Expenses: $56,154 Revenue: $14,283

THE ORGANIZATION PROVIDES HOUSING FOR SIX INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES, WHICH IS SUBSIDIZED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD").

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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 (2022)

Revenue Breakdown

Contributions & Grants $50,905

Program Service Revenue $14,283

Investment Income $708

Other Revenue $0

TOTAL REVENUE $65,896

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $56,154

Other Expenses $70,554

TOTAL EXPENSES $70,554

Year-over-Year Comparison

	2022	2021	Change
Revenue	$65,896	$71,427	-0.1%
Expenses	$70,554	$63,761	+0.1%
Net Income	$-4,658	$7,666	-1.6%

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

$709,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW HERBERT	BOARD CHAIR/EXEC COMMITTEE	0.20	Officer Director	$0	$0	$0
STEVE STANFORD	FINANCE COMMITTEE CHAIR	0.20	Officer Director	$0	$0	$0
KYLE BECKER	VICE CHAIR	0.20	Officer Director	$0	$0	$0
JACK CADDEN	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL CANDIOTTI	DIRECTOR	0.20	Director	$0	$0	$0
BECKY CHERNEY	DIRECTOR	0.20	Director	$0	$0	$0
MARK CRANDALL	DIRECTOR	0.20	Director	$0	$0	$0
CHRIS CROCKETT	DIRECTOR	0.20	Director	$0	$0	$0
ANGELA HOLCOMB	DIRECTOR	0.20	Director	$0	$0	$0
GLENN JENSEN	DIRECTOR	0.20	Director	$0	$0	$0
BOB MCKAY	DIRECTOR	0.20	Director	$0	$0	$0
DAWN OLIVARDIA	DIRECTOR	0.20	Director	$0	$0	$0
RON WHALEN	DIRECTOR	0.20	Director	$0	$0	$0
TARA MATHENY	DIRECTOR	0.20	Director	$0	$0	$0
SARA RILES	DIRECTOR	0.20	Director	$0	$0	$0
KIDEN KJOSA	DIRECTOR	0.20	Director	$0	$0	$0
KRISTEN ONG	DIRECTOR	0.20	Director	$0	$0	$0
JOHN GILL	CHIEF EXECUTIVE OFFICER	2.00	Officer	$0	$24,427	$303,298
TODD THRASHER	CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$13,765	$206,479
BROOKE EAKINS	CHIEF OPERATING OFFICER	2.00	Officer	$0	$16,594	$199,992

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$65,896	$70,554	$110,382	$-4,658
2022	$71,427	$63,761	$122,101	$7,666
2021	$74,394	$63,165	$179,477	$11,229
2020	$74,795	$67,338	$164,526	$7,457
2019	$75,494	$62,758	$164,718	$12,736
2018	$52,892	$59,046	$166,343	$-6,154

LIFE CONCEPTS INDEPENDENT LIVING II INC