Live the Life Ministries Inc (EIN 593493493) - Form 990 Financial Analysis & Trantor Score

🔒

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

1998

Legal Domicile

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.

🔒

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 $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

🔒

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

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

Total Directors

Key Employees

Highest Compensated

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

Live the Life Ministries Inc