LIFE CAN INC

EIN: 650927755 501(c)(3) Human Services

Palm City, FL

Total Revenue
$378,060
Total Expenses
$559,812
Total Assets
$485,585
Net Assets
$485,585
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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
1999
Legal Domicile
FL
Principal Officer
MICHAEL PEAK
Tax Period
2024-01-01 to 2024-12-31

LIFE CAN INC, founded in 1999, is a small nonprofit in the Human Services sector that reported $378K in total revenue in fiscal year 2024. Expenses of $560K exceeded revenue, resulting in a 48% operating deficit.

Mission

FOR SCHEDULE O FOR THE MISSION STATEMENT.

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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 $306,721
Program Service Revenue $0
Investment Income $71,339
Other Revenue $0
TOTAL REVENUE $378,060

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $559,812
Other Expenses $559,812
TOTAL EXPENSES $559,812

Year-over-Year Comparison

2024 2023 Change
Revenue $378,060 N/A N/A
Expenses $559,812 N/A N/A
Net Income $-181,752 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

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Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES D THOMAS DIRECTOR 0.00
Director
$0 $0 $0
JOHN J GIORGIS DIRECTOR 0.00
Director
$0 $0 $0
ANN BOLSTER DIRECTOR 0.00
Director
$0 $0 $0
LAURIE S DACCARETT DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL PEAK TREASURER 0.00
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
2024 $378,060 $559,812 $485,585 $-181,752
2023 $361,613 $301,495 $667,337 $60,118
2022 $322,060 $295,818 $579,307 $26,242
2021 $293,572 $302,164 $463,197 $-8,592
2020 $283,456 $252,239 $542,083 $31,217
2019 $322,832 $306,373 $474,203 $16,459
2018 $351,330 $314,579 $457,744 $36,751
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