Light of Life Ministries (EIN 731153468) - 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

1982

Legal Domicile

Phone

2072684762

Tax Period

2024-01-01 to 2024-12-31

Light of Life Ministries, founded in 1982, is a small nonprofit that reported $819K in total revenue in fiscal year 2024. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $983K exceeded revenue, resulting in a 20% operating deficit.

Mission

Christian based programming and physical therapy

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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 $196,501

Program Service Revenue $617,246

Investment Income $5,585

Other Revenue $0

TOTAL REVENUE $819,332

Expense Breakdown

Grants Paid $0

Salaries & Benefits $601,709

Fundraising Expenses $0

Program Expenses $616,386

Other Expenses $380,872

TOTAL EXPENSES $982,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$819,332	$1,141,196	-0.3%
Expenses	$982,581	$1,304,228	-0.2%
Net Income	$-163,249	$-163,032	+0.0%

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

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

$49,462

Total Directors

$6,998

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Joel Epley	Secretary	Officer	$31,079	$0	$31,079
Suzanne Bouchard	President	Officer	$18,383	$0	$18,383
Christina Epley	Director	Director	$6,763	$0	$6,763
Jane Chapman	Director	Director	$235	$0	$235
David Ward	Director	Director	$0	$0	$0
David Chapman	Director	Director	$0	$0	$0
Rebekah Juarez	Director	Director	$0	$0	$0
Gregory Foster	Director	Director	$0	$0	$0
Ron Witham	Director	Director	$0	$0	$0
Ray Bouchard	Treasurer	Officer	$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	$819,332	$982,581	$2,616,995	$-163,249
2023	$1,141,196	$1,304,228	$2,634,427	$-163,032
2022	$1,151,596	$1,244,585	$2,671,599	$-92,989
2021	$1,119,059	$1,060,326	$2,239,527	$58,733
2020	$1,092,147	$1,066,764	$1,673,612	$25,383
2019	$1,119,546	$1,157,990	$1,644,192	$-38,444
2018	$1,175,531	$1,106,139	$1,681,885	$69,392

Light of Life Ministries