LIFE FAMILY CENTER INC (EIN 811291356) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2016

Legal Domicile

Principal Officer

ABRAHAM S LEFKOWITZ

Phone

5165108845

Tax Period

2023-01-01 to 2023-12-31

LIFE FAMILY CENTER INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $707K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $853K exceeded revenue, resulting in a 21% operating deficit.

Mission

OUR MISSION IS TO PROTECT, ENHANCE, AND ENRICH THE EMOTIONAL, SOCIAL, AND SPIRITUAL HEALTH OF FAMILIES IN FINANCIAL & HEALTH CRISIS. WE HELP INDIVIDUALS & FAMILIES TO REACH THEIR FULL POTENTIAL BY PROVIDING FINANCIAL & TECHNICAL ASSISTANCE THROUGH PUBLIC ASSISTANCE PROGRAMS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $707,221

Investment Income $0

Other Revenue $0

TOTAL REVENUE $707,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $724,174

Fundraising Expenses $0

Program Expenses $523,867

Other Expenses $129,072

TOTAL EXPENSES $853,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$707,221	$799,061	-0.1%
Expenses	$853,246	$713,298	+0.2%
Net Income	$-146,025	$85,763	-2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$499,080

Total Directors

$438,334

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABRAHAM S LEFKOWITZ	CO EXECUTIVE DIRECTOR	40.00	Officer Director	$219,167	$0	$219,167
SAM RAUSMAN	CO EXECUTIVE DIRECTOR	40.00	Officer Director	$219,167	$0	$219,167
JACOB RUBIN	DIRECTOR	2.00	Officer Director	$0	$0	$0
BRINA GANCHROW	TREASURER	40.00	Officer	$60,746	$0	$60,746

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	$707,221	$853,246	$820,931	$-146,025
2022	$799,061	$713,298	$1,212,547	$85,763
2021	$707,949	$562,460	$935,766	$145,489
2020	$566,364	$509,305	$522,699	$57,059
2019	$367,715	$209,581	$385,010	$158,134
2018	$121,931	$143,216	$294,478	$-21,285

LIFE FAMILY CENTER INC