LIFE A CENTER FOR INDEPENDENT LIVING (EIN 820472257) - 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

Principal Officer

MICHAEL LEFEVOR

Tax Period

2023-10-01 to 2024-09-30

LIFE A CENTER FOR INDEPENDENT LIVING is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $1.9M left a modest 6% surplus.

Mission

TO ENABLE PEOPLE WITH DISABILITIES TO MANAGE THEIR OWN LIVES, MAKE THEIR OWN CHOICES, AND GIVE INFORMATION AND KNOWLEDGE TO ASSIST IN LIVING WITH DIGNITY AND BRAVADO.

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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 $2,085,634

Program Service Revenue $0

Investment Income $-7,666

Other Revenue $0

TOTAL REVENUE $2,077,968

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,592,110

Fundraising Expenses $0

Program Expenses $1,799,004

Other Expenses $353,636

TOTAL EXPENSES $1,945,746

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,077,968	$2,547,354	-0.2%
Expenses	$1,945,746	$2,340,005	-0.2%
Net Income	$132,222	$207,349	-0.4%

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

128

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

$226,618

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HEATHER CLARKE	DEPUTY DIREC	40.00	Officer	$87,297	$0	$87,297
MICHAEL LEFEVOR	EXECUTIVE DI	40.00	Officer	$81,313	$0	$81,313
JOSEPH VINCENT	DEPUTY DIREC	40.00	Officer	$58,008	$0	$58,008
CAROL COLONEL	BOARD MEMBER	N/A	Director	$0	$0	$0
SANDRA DEATHERAGE	BOARD CHAIR	N/A	Director	$0	$0	$0
JAMES FREI	BOARD MEMBER	N/A	Director	$0	$0	$0
MARK GUNNING	TREASURER	N/A	Director	$0	$0	$0
RICK HUBER	BOARD VICE C	N/A	Director	$0	$0	$0
KELLY OLENICK	BOARD MEMBER	N/A	Director	$0	$0	$0
ANGIE OLIVER	BOARD MEMBER	N/A	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	$2,077,968	$1,945,746	$2,663,715	$132,222
2023	$2,547,354	$2,340,005	$2,515,547	$207,349
2022	$2,304,652	$2,106,446	$2,281,983	$198,206
2021	$3,266,805	$2,576,871	$1,916,991	$689,934
2020	$2,601,103	$2,724,821	$1,550,296	$-123,718
2019	$2,289,216	$2,266,243	$1,380,806	$22,973
2018	$2,131,000	$1,937,342	$1,331,773	$193,658

LIFE A CENTER FOR INDEPENDENT LIVING