LIFE RESOURCES INC (EIN 721430735) - 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

1998

Legal Domicile

Phone

9856269582

Tax Period

2024-01-01 to 2024-12-31

LIFE RESOURCES INC, founded in 1998, is a small nonprofit in the Religion sector that reported $328K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $63K, a strong 19% operating margin.

Mission

SEE STATEMENT 4THE PURPOSE IS TO IMPACT THE PRIVATE, BUSINESS AND PROFESSIONAL COMMUNITY OF THE NEW ORLEANS METRO AREA WITH THE GOSPEL OF JESUS CHRIST THROUGH EVANGELISTIC OUTREACHES, BIBLE STUDIES, LEADERSHIP SEMINARS, AND THROUGH PERSONAL EVANGELISM OF THE EXECUTIVE DIRECTOR AND THE BOARD OF DIRECTORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $299,165

Program Service Revenue $10,613

Investment Income $17,936

Other Revenue $0

TOTAL REVENUE $327,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $134,443

Fundraising Expenses $0

Program Expenses $198,687

Other Expenses $129,804

TOTAL EXPENSES $264,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,714	$283,032	+0.2%
Expenses	$264,247	$237,212	+0.1%
Net Income	$63,467	$45,820	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

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

$105,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY J HAINDEL	Executive Direc	40.00	Officer	$80,000	$0	$80,000
ELIZABETH HAINDEL	Secretary	40.00	Officer	$25,000	$0	$25,000
GARY HAINDEL	ASST DIRECTOR	0.00	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	$327,714	$264,247	$653,842	$63,467
2023	$283,032	$237,212	$590,211	$45,820
2022	$210,423	$250,730	$544,392	$-40,307
2021	$307,205	$240,032	$584,947	$67,173
2020	$245,460	$224,255	$518,024	$21,205
2019	$260,881	$235,265	$496,320	$25,616
2018	$320,071	$280,585	$471,711	$39,486

LIFE RESOURCES INC