CARLSBAD LIFEHOUSE INC (EIN 811062228) - 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

2016

Legal Domicile

Principal Officer

PHILIP HUSTON

Phone

5757255552

Tax Period

2023-01-01 to 2023-12-31

CARLSBAD LIFEHOUSE INC, founded in 2016, is a community nonprofit in the Mental Health sector that reported $6.3M in total revenue in fiscal year 2023. Expenses of $5.6M left a modest 11% surplus.

Mission

CARLSBAD LIFEHOUSE, INC. WAS FOUNDED TO ESTABLISH FAITH BASED, SOBER LIVING FACILITIES IN CARLSBAD, NM. CARLSBAD LIFEHOUSE, INC. IS PRIMARILY FOCUSED ON INDIVIDUALS COMING OUT OF DRUG AND ALCOHOL REHABILITATION PROGRAMS. CARLSBAD LIFEHOUSE, INC.'S MISSION IS TO GIVE THEM A BETTER CHANCE TO SUCCEED IN OVERCOMING THEIR ADDICTIONS AND BECOME USEFUL CITIZENS IN THEIR LIVES, RELATIONSHIPS, FAMILIES AND THEIR COMMUNITIES.

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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 $817,576

Program Service Revenue $5,241,968

Investment Income $39,372

Other Revenue $180,287

TOTAL REVENUE $6,279,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,308,121

Fundraising Expenses $47,931

Program Expenses $4,684,934

Other Expenses $1,304,683

TOTAL EXPENSES $5,612,804

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,279,203	$6,276,923	+0.0%
Expenses	$5,612,804	$4,373,417	+0.3%
Net Income	$666,399	$1,903,506	-0.6%

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

138

Volunteers

311

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

$115,000

Total Directors

$115,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP HUSTON	EXECUTIVE DIRECTOR	40.00	Officer Director	$108,340	$6,660	$115,000
GEORGE DUNAGAN	BOARD CHAIRMAN	0.00	Director	$0	$0	$0
SHARA BROWNING	BOARD MEMBER	0.00	Director	$0	$0	$0
VANCE JENKINS	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVID HOUSE	BOARD MEMBER	0.00	Director	$0	$0	$0
KELAN NEATHERLIN	BOARD MEMBER	0.00	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	$6,279,203	$5,612,804	$4,782,397	$666,399
2022	$6,276,923	$4,373,417	$4,251,939	$1,903,506
2021	$2,820,875	$2,032,907	$2,314,697	$787,968
2020	$204,111	$185,986	$620,976	$18,125
2019	$397,567	$137,344	$602,851	$260,223

CARLSBAD LIFEHOUSE INC