Lift Inc

EIN: 640433402 501(c)(3)

Tupelo, MS

Total Revenue
$5,331,156
Total Expenses
$5,243,947
Total Assets
$915,728
Net Assets
$70,741
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
MS
Principal Officer
Dorothy Leasy
Phone
6628429511
Tax Period
2023-10-01 to 2024-09-30

Lift Inc, founded in 1956, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

To empower individuals and families toward self-sufficiency by providing quality programs, services, and opportunities and to help shape the future of our area communities through dialogue and consensus building.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,196,348
Program Service Revenue $0
Investment Income $436
Other Revenue $134,372
TOTAL REVENUE $5,331,156

Expense Breakdown

Grants Paid $3,483,090
Salaries & Benefits $1,300,010
Fundraising Expenses $0
Program Expenses $4,975,924
Other Expenses $460,847
TOTAL EXPENSES $5,243,947

Year-over-Year Comparison

2023 2022 Change
Revenue $5,331,156 $6,102,595 -0.1%
Expenses $5,243,947 $5,964,161 -0.1%
Net Income $87,209 $138,434 -0.4%
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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Governance

Voting Members
24
Independent Members
24
Employees
15
Volunteers
2

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
$178,785
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Early McKinney Board Chairman 1.00
Director
$0 $0 $0
Steve Scales Board Vice Chairman 1.00
Director
$0 $0 $0
Gwen Blake Board Secretary 1.00
Director
$0 $0 $0
Willie Ray Brown Board Member 1.00
Director
$0 $0 $0
Joe Wren Board Member 1.00
Director
$0 $0 $0
Hayward Wilson Board Member 1.00
Director
$0 $0 $0
Barry Williams Board Member 1.00
Director
$0 $0 $0
Barbara Curry Board Member 1.00
Director
$0 $0 $0
Tim Prather Board Member 1.00
Director
$0 $0 $0
Nora Sykes Board Member 1.00
Director
$0 $0 $0
Sharon Grigs Barnett Board Member 1.00
Director
$0 $0 $0
Angelo Edwards Board Member 1.00
Director
$0 $0 $0
Dora Clark Board Member 1.00
Director
$0 $0 $0
Benjamin Ashford Board Member 1.00
Director
$0 $0 $0
Adrian Garth Board Member 1.00
Director
$0 $0 $0
Keith Herring Board Member 1.00
Director
$0 $0 $0
Edgar Capaning Board Chair 1.00
Director
$0 $0 $0
Sarah Farmer Board Member 1.00
Director
$0 $0 $0
Clarence Frison Board Member 1.00
Director
$0 $0 $0
Chaka Shumpert Board Member 1.00
Director
$0 $0 $0
Jesse Orange Board Member 1.00
Director
$0 $0 $0
Patrick Head Sr Board Member 1.00
Director
$0 $0 $0
James Howell Board Member 1.00
Director
$0 $0 $0
Gary Nesbit Board Member 1.00
Director
$0 $0 $0
Dorothy Leasy Executive Director 40.00
Officer
$98,585 $4,050 $102,635
Chevelle Powell CFO 40.00
Officer
$72,100 $4,050 $76,150
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 $5,331,156 $5,243,947 $915,728 $87,209
2023 $6,102,595 $5,964,161 $675,610 $138,434
2022 $6,474,617 $6,420,345 $1,004,231 $54,272
2021 $4,064,003 $4,054,730 $308,777 $9,273
2020 $3,872,614 $3,854,312 $226,445 $18,302
2019 $3,294,454 $3,306,343 $180,111 $-11,889
2018 $3,815,205 $3,826,935 $168,743 $-11,730
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