LIFECARE FAMILY SERVICES INC (EIN 621708306) - 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

1997

Legal Domicile

Principal Officer

ERIC STRICKLAND

Phone

6158340660

Tax Period

2021-01-01 to 2021-12-31

LIFECARE FAMILY SERVICES INC, founded in 1997, is a small nonprofit that reported $206K in total revenue in fiscal year 2021. Revenue fell 98% from the prior year — a significant decline worth monitoring.

Mission

TO PROMOTE MENTAL AND EMOTIONAL HEALING THROUGH INTERACTIVE AND PREVENTATIVE APPROACHES. A PROCESS THAT ENCOURAGES ONE'S FAITH, BUILDS HEALTHY RELATIONSHIPS, AND PROMOTES A JOURNEY WHEREBY EACH INDIVIDUAL LEARNS VALUE AND PURPOSE IN PRESERVING OUR MOST PRECIOUS GOD GIVEN INSTITUTION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $205,546

Investment Income $0

Other Revenue $0

TOTAL REVENUE $205,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $218,450

Other Expenses $218,450

TOTAL EXPENSES $218,450

Year-over-Year Comparison

	2021	2020	Change
Revenue	$205,546	$9,250,217	-1.0%
Expenses	$218,450	$9,229,675	-1.0%
Net Income	$-12,904	$20,542	-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

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
BILL CAMPBELL	PRESIDENT	1.50	Officer Director	$0	$0	$0
ERIC STRICKLAND	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
TRISHA GALBREATH	TREASURER	1.50	Officer Director	$0	$0	$0
GWEN ADKISSON	SECRETARY	1.50	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
2021	$205,546	$218,450	$81,358	$-12,904
2020	$9,250,217	$9,229,675	$247,424	$20,542
2019	$12,212,792	$12,258,593	$1,108,670	$-45,801
2018	$10,850,496	$12,392,838	$1,948,072	$-1,542,342
2018	$10,850,496	$11,283,728	$2,304,470	$-433,232

LIFECARE FAMILY SERVICES INC