Live the Life Ministries Inc

EIN: 593493493 501(c)(3) Religion

Tallahassee, FL

Total Revenue
$4,485,323
Total Expenses
$4,741,368
Total Assets
$1,327,085
Net Assets
$861,944
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
FL
Principal Officer
RICHARD ALBERTSON
Phone
8506683700
Tax Period
2024-01-01 to 2024-12-31

Live the Life Ministries Inc, founded in 1998, is a community nonprofit in the Religion sector that reported $4.5M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

LIVE THE LIFE MINISTRIES, INC.'S PRIMARY EXAMPT IS TO STRENGTHEN MARRIAGES AND FAMILIES. THEY OFFER A WIDE VERIETY OF RELATIONSHIPS ENRICHMENT CLASSES TO MARRIED COUPLES, ENGAGED COUPLES, SINGLES WHO ARE DATING, AND TEENAGERS IN GROUP SETTINGS OR THROUGH ONE-ON-ONE MENTORING.

Program Service Accomplishments

Program 1
Expenses: $3,145,374 Revenue: $1,585,547

COMMUNITY HEALTHY MARRIAGE AND FAMILY INITIATIVE - INCLUDES ENCOURAGING A ONE YEAR COURTSHIP, PREMARITAL COUNSELING, MENTORING FROM MATURE MARRIED COUPLES, PROGRAMMING FOR TROUBLED MARRIAGES, AND...

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COMMUNITY HEALTHY MARRIAGE AND FAMILY INITIATIVE - INCLUDES ENCOURAGING A ONE YEAR COURTSHIP, PREMARITAL COUNSELING, MENTORING FROM MATURE MARRIED COUPLES, PROGRAMMING FOR TROUBLED MARRIAGES, AND OTHER MARRIAGE ENRICHMENT ACTIVITIES. LIVE THE LIFE MINISTRIES, INC. ALSO PROVIDES RELATIONSHIP COACHING FOR COUPLES, TEENS, AND PARENTS OF TEENS. THERE ARE ALSO THREE CHRISTIAN COUNSELORS ON STAFF, TWO PASTORAL AND ONE BOARD CERTIFIED COUNSELOR, WHO OFFER THEIR SERVICES TO THOSE WHO NEED MORE THAN RELATIONSHIP COACHING.

Program 2

THE STUDENT LIFE PROGRAM - THE TRUE NORTH PROJECT HELPS PREPARE STUDENTS FOR BETTER LIFE OUTCOMES: A) REALIGN MARRIAGE AND PARENTHOOD AND PUT THEM BACK IN THE PROPER ORDER BY PROMOTING THE "SUCCESS...

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THE STUDENT LIFE PROGRAM - THE TRUE NORTH PROJECT HELPS PREPARE STUDENTS FOR BETTER LIFE OUTCOMES: A) REALIGN MARRIAGE AND PARENTHOOD AND PUT THEM BACK IN THE PROPER ORDER BY PROMOTING THE "SUCCESS SEQUENCE" WHICH IS 1) GET EDUCATED 2) GET A JOB 3) GET MARRIED 4) THEN HAVE CHILDREN; B) REDUCE THEIR RISK OF POVERTY; C) AVOID TEEN PREGNANCY; D) GRADUATE FROM HIGH SCHOOL

Program 3

OTHER PROGRAM SERVICES.

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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 $2,898,547
Program Service Revenue $1,585,547
Investment Income $1,229
Other Revenue $0
TOTAL REVENUE $4,485,323

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,088,925
Fundraising Expenses $50
Program Expenses $3,145,374
Other Expenses $2,652,443
TOTAL EXPENSES $4,741,368

Year-over-Year Comparison

2024 2023 Change
Revenue $4,485,323 $5,356,017 -0.2%
Expenses $4,741,368 $5,324,618 -0.1%
Net Income $-256,045 $31,399 -9.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS STOICA BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN STEWARD BOARD MEMBER 1.00
Director
$0 $0 $0
MARGIE STEWARD BOARD MEMBER 1.00
Director
$0 $0 $0
VICKI CUNNIFF BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN CUNNIFF BOARD MEMBER 1.00
Director
$0 $0 $0
SCOTT WHIDDON BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD ALBRETSON PRESIDENT 60.00
Officer
$0 $0 $0
WAYNE COTTON BOARD CHAIR 30.00
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 $4,485,323 $4,741,368 $1,327,085 $-256,045
2023 $5,356,017 $5,324,618 $1,377,031 $31,399
2022 $5,630,573 $6,221,197 $1,414,503 $-590,624
2021 $4,122,683 $3,775,656 $2,043,584 $347,027
2020 $2,358,963 $2,178,836 $1,385,492 $180,127
2019 $2,362,428 $2,146,105 $1,073,934 $216,323
2018 $2,637,640 $2,740,717 $871,847 $-103,077
2017 $1,922,401 $1,679,880 $1,130,917 $242,521
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