Lifeforce in Later Years Inc (EIN 800401075) - 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

2009

Legal Domicile

Principal Officer

LOIS FREEDMAN

Phone

9179771199

Tax Period

2023-01-01 to 2023-12-31

Lifeforce in Later Years Inc, founded in 2009, is a small nonprofit in the Human Services sector that reported $265K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $254K left a modest 4% surplus.

Mission

LIFEFORCE IN LATER YEARS, INC. IS A NON-PROFIT CHANGE MAKING ORGANIZATON DEDICATED TO CONFRONTING THE MANY CHALLENGES THAT FACE AMERICAS ELDERLY. LIFEFORCE IN LATER YEARS OFFERS A VARIETY OF INNOVATIVE PROGRAMS AIMED AT:

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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 $258,745

Program Service Revenue $0

Investment Income $6,174

Other Revenue $0

TOTAL REVENUE $264,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $179,309

Fundraising Expenses $20,791

Program Expenses $197,556

Other Expenses $74,981

TOTAL EXPENSES $254,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$264,919	$282,075	-0.1%
Expenses	$254,290	$284,188	-0.1%
Net Income	$10,629	$-2,113	-6.0%

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

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

$67,960

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA SEEFELDT	EXECUTIVE DIRECTOR	40.00	Officer	$67,960	$0	$67,960
PATRICIA GATLING	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW MORRISON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BEISSER	PRESIDENT	1.00	Officer	$0	$0	$0
RON BRUNO	DIRECTOR	0.50	Director	$0	$0	$0
LOIS FREEDMAN	TREASURER	3.00	Officer	$0	$0	$0
JOHN HAILU	DIRECTOR	20.00	Director	$0	$0	$0
NORMA BRAUN	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$264,919	$254,290	$380,396	$10,629
2022	$282,075	$284,188	$372,969	$-2,113
2021	$371,996	$262,895	$377,562	$109,101
2020	$285,915	$183,058	$269,634	$102,857
2019	$177,005	$174,113	$164,759	$2,892
2018	$189,043	$178,214	$162,973	$10,829

Lifeforce in Later Years Inc