My Life Matters Inc

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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

Tim Bowes

Phone

3365039327

Tax Period

2024-07-01 to 2025-06-30

My Life Matters Inc, founded in 2016, is a small nonprofit that reported $977K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

Provide Christian support and social activiites for the youth of Person County, NC. Support includes activities and missions.

Program Service Accomplishments

Program 1

Expenses: $919,723

Christian support and social activities for the youth of Person County, NC including salaries and other supporting expenses reltaed to serving these youth.

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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 $976,816

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $976,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $680,554

Fundraising Expenses $0

Program Expenses $919,723

Other Expenses $355,731

TOTAL EXPENSES $1,036,285

Year-over-Year Comparison

	2024	2023	Change
Revenue	$976,833	$1,095,158	-0.1%
Expenses	$1,036,285	$1,094,705	-0.1%
Net Income	$-59,452	$453	-132.2%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerome Sedelmeyer	Chairman	000.50	Officer Director	$0	$0	$0
Julie Morris	Board Member	000.50	Officer Director	$0	$0	$0
Kevin Morris	Board Member	000.50	Director	$0	$0	$0
Todd Solomon	Vice Chair	005.00	Officer Director	$0	$0	$0
Sharon Dowell-Newton	Secretary/Treasurer	000.50	Director	$0	$0	$0
Woody Jacobs	Board Member	000.50	Director	$0	$0	$0
Bonnie Connor	Board Member	000.50	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
2025	$976,833	$1,036,285	$854,943	$-59,452
2024	No data	No data	No data	No data
2023	$1,127,648	$978,234	$835,677	$149,414
2022	$944,467	$722,847	$690,298	$221,620
2021	$859,309	$853,115	$452,056	$6,194
2020	$712,855	$683,030	$410,569	$29,825
2019	$695,271	$661,714	$249,911	$33,557