EMPOWERED TUTORING INC F/K/A LIFE TOOLS FOUNDATION INC (EIN 811074848) - 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

2017

Legal Domicile

Principal Officer

MIKE VOET

Phone

9204222402

Tax Period

2023-07-01 to 2024-06-30

EMPOWERED TUTORING INC F/K/A LIFE TOOLS FOUNDATION INC, founded in 2017, is a small nonprofit in the Education sector that reported $392K in total revenue in fiscal year 2023. Revenue surged 78% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 33% operating margin.

Mission

TO PROVIDE EXCEPTIONAL ONE-ON-ONE TUTORING FOR STUDENTS FROM FINANCIALLY CHALLENGED FAMILIES, TO ALLOW THEM TO MAXIMIZE THEIR LEARNING POTENTIAL AND TO CONFIDENTLY PURSUE THEIR EDUCATIONAL AND PERSONAL GOALS.

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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 $319,958

Program Service Revenue $71,175

Investment Income $517

Other Revenue $0

TOTAL REVENUE $391,650

Expense Breakdown

Grants Paid $0

Salaries & Benefits $155,642

Fundraising Expenses $0

Program Expenses $206,955

Other Expenses $106,153

TOTAL EXPENSES $261,795

Year-over-Year Comparison

	2023	2022	Change
Revenue	$391,650	$219,644	+0.8%
Expenses	$261,795	$247,905	+0.1%
Net Income	$129,855	$-28,261	-5.6%

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

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

$41,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GIOVANA FELLER	DIRECTOR	1.00	Director	$0	$0	$0
MATT VANDEN HEUVEL	DIRECTOR	1.00	Director	$0	$0	$0
JANE KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
MIKE VOET	PRESIDENT	15.00	Officer	$41,000	$0	$41,000
BETH VOET	SECRETARY	1.00	Officer	$0	$0	$0
JIM OLSON	TREASURER	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	$391,650	$261,795	$173,618	$129,855
2023	$219,644	$247,905	$43,763	$-28,261

EMPOWERED TUTORING INC F/K/A LIFE TOOLS FOUNDATION INC