THE BETTER LIFE FOUNDATION INC (EIN 753148553) - 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

2004

Legal Domicile

Principal Officer

MARK D SMITH

Phone

2516041571

Tax Period

2024-01-01 to 2024-12-31

THE BETTER LIFE FOUNDATION INC, founded in 2004, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $2K in total revenue in fiscal year 2024. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $183K exceeded revenue, resulting in a 10039% operating deficit.

Mission

TO RAISE FUNDS FOR CHILDREN IN NEED OF FOOD, SHELTER, & MEDICAL ASSISTANCE AS WELL AS FOR THE ENHANCEMENT OF CHILDREN & YOUNG ADULTS WITH SPECIAL NEEDS.

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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 $1,795

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $1,802

Expense Breakdown

Grants Paid $167,000

Salaries & Benefits $0

Fundraising Expenses $5,864

Program Expenses $167,000

Other Expenses $9,838

TOTAL EXPENSES $182,702

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,802	$353,051	-1.0%
Expenses	$182,702	$205,888	-0.1%
Net Income	$-180,900	$147,163	-2.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY K ARNOLD	PRESIDENT	N/A	Officer	$0	$0	$0
CHRISTOPHER L HENDERSON	SECRETARY-TR	N/A	Officer	$0	$0	$0
MARK D SMITH	DIRECTOR	N/A	Director	$0	$0	$0
CRISPER STANDFORD	DIRECTOR	N/A	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	$1,802	$182,702	$351,283	$-180,900
2023	$353,051	$205,888	$532,207	$147,163
2022	$337,833	$196,016	$385,045	$141,817
2021	$23,851	$78,864	$243,203	$-55,013
2020	$-4,828	$113,087	$298,216	$-117,915
2019	$281,306	$209,254	$416,131	$72,052
2018	$475,076	$216,751	$344,079	$258,325

THE BETTER LIFE FOUNDATION INC