LIFEQUEST OF ARKANSAS

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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

1981

Legal Domicile

Principal Officer

HEATHER THOMPSON

Phone

5012256073

Tax Period

2023-01-01 to 2023-12-31

LIFEQUEST OF ARKANSAS, founded in 1981, is a small nonprofit in the Human Services sector that reported $274K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $315K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO ENHANCE LIFE'S JOURNEY DURING THE MIDDLE AND LATER YEARS THROUGH LIFE-LONG LEARNING AND MEANINGFUL VOLUNTEERISM WITHIN THE COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $252,164 Revenue: $152,005

LIFEQUEST IS COMMITTED TO THE PRINCIPLE THAT ITS PROGRAMS AND SERVICESSHOULD BE ACCESSIBLE TO EVERYONE, AND BECAUSE MANY OLDER ADULTS LIVE ONFIXED OR REDUCED INCOMES, REGISTRATION AND SERVICE FEES...

LIFEQUEST IS COMMITTED TO THE PRINCIPLE THAT ITS PROGRAMS AND SERVICESSHOULD BE ACCESSIBLE TO EVERYONE, AND BECAUSE MANY OLDER ADULTS LIVE ONFIXED OR REDUCED INCOMES, REGISTRATION AND SERVICE FEES ARE NOMINAL.EACH YEAR, THE LIFEQUEST BOARD OF DIRECTORS AND STAFF MUST RAISEAPPROXIMATELY 60% OF THE TOTAL OPERATING COSTS FOR ALL OF OUR PROGRAMS.AS THE NUMBER OF OLDER ARKANSANS GROWS, THE ONGOING CHALLENGE FORLIFEQUEST IS TO ACQUIRE THE NECESSARY RESOURCES TO CONTINUE PROVIDINGQUALITY, ACCESSIBLE PROGRAMMING BOTH NOW AND IN THE FUTURE.

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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 $111,881

Program Service Revenue $152,005

Investment Income $10,020

Other Revenue $-250

TOTAL REVENUE $273,656

Expense Breakdown

Grants Paid $3,966

Salaries & Benefits $226,694

Fundraising Expenses $18,796

Program Expenses $252,164

Other Expenses $84,348

TOTAL EXPENSES $315,008

Year-over-Year Comparison

	2023	2022	Change
Revenue	$273,656	$237,703	+0.2%
Expenses	$315,008	$286,300	+0.1%
Net Income	$-41,352	$-48,597	-0.1%

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

340

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

$71,874

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUCK GOLDNER	CHAIR	5.00	Officer Director	$0	$0	$0
MARY FRANCES COTHAM	VICE CHAIR	5.00	Officer Director	$0	$0	$0
NANCY FLEMING	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTHA HUNT	TREASURER	1.00	Officer Director	$0	$0	$0
DORIS KRAIN	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK CHAPPELL	DIRECTOR	1.00	Director	$0	$0	$0
PAT GOSS	DIRECTOR	1.00	Director	$0	$0	$0
LEON KAPLAN	DIRECTOR	1.00	Director	$0	$0	$0
KRISTEN LIPPENCOTT	DIRECTOR	1.00	Director	$0	$0	$0
JUNE LLOYD	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY MILFORD	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN SCHWARTZ	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SHOCK	DIRECTOR	1.00	Director	$0	$0	$0
SHERI SIMON	DIRECTOR	1.00	Director	$0	$0	$0
CATHY SLATER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA SPRADLEY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE WALDEN	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY WHITE	DIRECTOR	1.00	Director	$0	$0	$0
BEV WITTENBERG	DIRECTOR	1.00	Director	$0	$0	$0
LEAH GREENFIELD	EXECUTIVE DIRECTOR	20.00	Officer	$66,747	$5,127	$71,874

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	No data	No data	No data	No data
2023	$273,656	$315,008	$777,679	$-41,352
2022	$237,703	$286,300	$723,523	$-48,597
2021	$283,321	$228,730	$876,867	$54,591
2020	$300,414	$225,995	$752,775	$74,419