Life House Ministries

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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

2003

Legal Domicile

Phone

3605483177

Tax Period

2023-01-01 to 2023-12-31

Life House Ministries, founded in 2003, is a small nonprofit in the Human Services sector that reported $102K in total revenue in fiscal year 2023. The organization ran a surplus of $18K, a strong 18% operating margin.

Mission

A faith based organization investing in women and children at high risk for homelessness through education and empowerment.

Program Service Accomplishments

Program 1

Expenses: $80,056

Life house equips single moms to raise healthy children through weekly support groups, mentoring, life skills, vocational training, budgeting and financial tools, parenting strategy, as well as, free diapers, formula, baby and maternity clothing, baby gear, and community and housing resources. 216 single parents and children were served in 2023. 7260 diapers and baby wipes were distributed, 5,117 clothing items, baby gear, including food and formula was given to families in need. 145 individual mentoring sessions were offered, 76 Christmas gifts were given to single moms and children, 43 Easter baskets with Bibles were provided, as well as 38 group meals served.

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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 (2023)

Revenue Breakdown

Contributions & Grants $101,660

Program Service Revenue $0

Investment Income $0

Other Revenue $693

TOTAL REVENUE $102,353

Expense Breakdown

Grants Paid $23,275

Salaries & Benefits $41,636

Fundraising Expenses $1,428

Program Expenses $80,056

Other Expenses $18,945

TOTAL EXPENSES $83,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$102,353	N/A	N/A
Expenses	$83,856	N/A	N/A
Net Income	$18,497	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beth Kovarik	Executive Director	40.00		$37,500	$0	$37,500
Jim Oosterwyk	Director	1.00	Director	$0	$0	$0
Leslie Oosterwyk	President	5.00	Officer Director	$0	$0	$0
Mark Moffitt	Treasurer	2.00	Officer Director	$0	$0	$0
Brice Kovarik	Secretary	2.00	Officer Director	$0	$0	$0
Sondra Trout	Director	0.25	Director	$0	$0	$0
Denise Cleveland	Director	0.25	Director	$0	$0	$0
Ed Mitzel	President (deceased)	0.00		$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
2023	$102,353	$83,856	$54,748	$18,497