LIFE CONNECTIONS COUNSELING CENTER INC (EIN 593203749) - 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

1993

Legal Domicile

Principal Officer

JAMES R REED PHD

Phone

8132653859

Tax Period

2024-01-01 to 2024-12-31

LIFE CONNECTIONS COUNSELING CENTER INC, founded in 1993, is a small nonprofit in the Health Care sector that reported $431K in total revenue in fiscal year 2024. Net assets of $958K represent 27 months of operating reserves.

Mission

LIFE CONNECTIONS PROVIDES PROFESSIONAL COUNSELING FOR COUPLES, FAMILIES, INDIVIDUALS AND GROUPS. WE PROVIDE PSYCHOLOGICAL TESTING AND FREE EDUCATIONAL WORKSHOPS. FEES ARE SET AT AN AFFORDABLE RATE BASED ON HOUSEHOLD INCOME AND SUBSIDY ARRANGEMENTS WITH COMMUNITY DONORS.

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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 $62,761

Program Service Revenue $341,551

Investment Income $0

Other Revenue $26,537

TOTAL REVENUE $430,849

Expense Breakdown

Grants Paid $1,103

Salaries & Benefits $310,301

Fundraising Expenses $0

Program Expenses $353,607

Other Expenses $121,654

TOTAL EXPENSES $433,058

Year-over-Year Comparison

	2024	2023	Change
Revenue	$430,849	$409,965	+0.1%
Expenses	$433,058	$427,370	+0.0%
Net Income	$-2,209	$-17,405	-0.9%

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

$92,031

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE C MCKINNEY	EXECUTIVE DIRECTOR	35.00	Officer	$92,031	$0	$92,031
BETH L REED	DIRECTOR CO-FOUNDER	1.00	Director	$0	$0	$0
PAULA WHITAKER	DIRECTOR	0.25	Director	$0	$0	$0
DOUG SMITH	DIRECTOR	0.25	Director	$0	$0	$0
JUDI PETERSON	DIRECTOR	0.25	Director	$0	$0	$0
DONNA DRACKETT	DIRECTOR	0.25	Director	$0	$0	$0
AMANDA CLEWIS	CLINICAL DIRECTOR	1.00	Director	$0	$0	$0
JAMES R REED	PRESIDENT FOUNDER	10.00	Officer 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	$430,849	$433,058	$966,472	$-2,209
2023	$409,965	$427,370	$965,029	$-17,405
2022	$400,860	$413,173	$982,839	$-12,313
2021	$1,743,804	$823,750	$989,665	$920,054
2021	$788,804	$821,326	$37,089	$-32,522
2020	$822,269	$814,519	$82,990	$7,750

LIFE CONNECTIONS COUNSELING CENTER INC