LIFES KITCHEN INC (EIN 800008918) - 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

2003

Legal Domicile

Principal Officer

CHRIS BATT

Phone

2083710127

Tax Period

2023-07-01 to 2024-06-30

LIFES KITCHEN INC, founded in 2003, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 8% surplus.

Mission

TRANSFORMING THE LIVES OF YOUNG ADULTS BY BUILDING SELF-SUFFICIENCY AND INDEPENDENT LIVING.

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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 $699,868

Program Service Revenue $821,448

Investment Income $17,574

Other Revenue $-809

TOTAL REVENUE $1,538,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $704,248

Fundraising Expenses $97,256

Program Expenses $1,210,500

Other Expenses $716,456

TOTAL EXPENSES $1,420,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,538,081	$1,159,133	+0.3%
Expenses	$1,420,704	$1,293,404	+0.1%
Net Income	$117,377	$-134,271	-1.9%

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

137

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

$70,930

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BATT	PRESIDENT	4.00	Officer Director	$0	$0	$0
KATHRYN MCCLASKEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SEAN TIERNEY	FORMER PRESIDENT	2.50	Officer Director	$0	$0	$0
KEVIN WILSON	FORMER PRESIDENT	2.50	Officer Director	$0	$0	$0
ERIN TARTER	TREASURER	1.00	Officer Director	$0	$0	$0
CORA LEE FINDLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
THERESA COLLARD	DIRECTOR	1.00	Director	$0	$0	$0
CAMILLE FRALEY	DIRECTOR	1.00	Director	$0	$0	$0
GARY GOODWIN	DIRECTOR	1.00	Director	$0	$0	$0
MITCH HEAD	DIRECTOR	1.00	Director	$0	$0	$0
MIKE KERBY	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE T PARE	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH SCHUMAKER	DIRECTOR	1.00	Director	$0	$0	$0
RITA SLACK	DIRECTOR	1.00	Director	$0	$0	$0
BOOKE THRASHER	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY JOHNSON	EXECUTIVE DIRECTOR	40.00	Officer	$70,930	$0	$70,930

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
2025	No data	No data	No data	No data
2024	$1,538,081	$1,420,704	$3,589,008	$117,377
2023	$1,159,133	$1,293,404	$3,522,556	$-134,271
2022	$1,405,907	$1,182,008	$3,676,024	$223,899
2021	$1,735,479	$859,576	$3,948,069	$875,903
2020	$1,152,949	$679,042	$1,797,283	$473,907
2019	$639,169	$666,140	$696,560	$-26,971
2018	$673,424	$757,408	$716,464	$-83,984

LIFES KITCHEN INC