FORMING LIVES INC (EIN 814098920) - 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

JOSKE MALLOY

Phone

4058012146

Tax Period

2024-01-01 to 2024-12-31

FORMING LIVES INC, founded in 2016, is a micro nonprofit in the Education sector that reported $73K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $30K, a strong 42% operating margin.

Mission

TO BUILD SUSTAINABLE, NATIONALLY OWNED SCHOOL PROJECTS AROUND THE WORLD AIMED AT EMPOWERING CHILDREN TODAY, SO THEY MAY OVERCOME OBSTACLES TOMORROW.

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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 $43,082

Program Service Revenue $19,958

Investment Income $10,000

Other Revenue $0

TOTAL REVENUE $73,040

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,452

Other Expenses $42,727

TOTAL EXPENSES $42,727

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,040	$382,040	-0.8%
Expenses	$42,727	$529,022	-0.9%
Net Income	$30,313	$-146,982	-1.2%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL BREWER	DIRECTOR, VICE CHAIR	5.00	Officer Director	$0	$0	$0
JOE MARSHALL	DIRECTOR, TREASURER	5.00	Officer Director	$0	$0	$0
ROD POLSTON	DIRECTOR, CHAIR	5.00	Officer Director	$0	$0	$0
JOSKE MALLOY	DIRECTOR	20.00	Officer 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	$73,040	$42,727	$57,620	$30,313
2023	$382,040	$529,022	$63,633	$-146,982
2022	$1,203,695	$1,105,297	$168,343	$98,398
2021	$639,973	$863,126	$73,913	$-223,153
2020	$469,154	$337,041	$302,393	$132,113
2019	$369,812	$228,174	$174,425	$141,638

FORMING LIVES INC