Life Exchange Center (EIN 800731251) - 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

2011

Legal Domicile

Phone

2167521774

Tax Period

2024-01-01 to 2024-12-31

Life Exchange Center, founded in 2011, is a small nonprofit in the Mental Health sector that reported $728K in total revenue in fiscal year 2024. Expenses of $803K exceeded revenue, resulting in a 10% operating deficit.

Mission

It is a beacon of hope and recovery from individuals with mental health/substance use issues. The Center is designed to assist with the recovery process by providing social support, educational programs, and life skills training for individuals in recovery.

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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 $727,519

Program Service Revenue $0

Investment Income $834

Other Revenue $75

TOTAL REVENUE $728,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $399,522

Fundraising Expenses $0

Program Expenses $761,969

Other Expenses $403,421

TOTAL EXPENSES $802,943

Year-over-Year Comparison

	2024	2023	Change
Revenue	$728,428	$722,270	+0.0%
Expenses	$802,943	$762,180	+0.1%
Net Income	$-74,515	$-39,910	+0.9%

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

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

$66,157

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Poole	Board President	2.00	Director	$0	$0	$0
Terry Lester	Board Vice President	2.00	Director	$0	$0	$0
Omar Brown	Treasurer	2.00	Director	$0	$0	$0
Catherine Wright	Board Member	1.00	Director	$0	$0	$0
Linda Edwards	Board Member	1.00	Director	$0	$0	$0
Cheryl Ann Williams	Board Member	1.00	Director	$0	$0	$0
Darlene Darby-Baldwin	Executive Director	40.00	Key Emp	$66,157	$0	$66,157

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	$728,428	$802,943	$1,010,770	$-74,515
2023	$722,270	$762,180	$1,133,577	$-39,910
2022	$682,699	$684,861	$1,183,857	$-2,162
2021	$796,148	$740,958	$1,149,913	$55,190
2020	$675,417	$548,276	$1,049,203	$127,141
2019	$1,034,163	$623,830	$938,011	$410,333
2018	$576,822	$555,588	$193,834	$21,234

Life Exchange Center