LIFEBOAT ADDICTION RECOVERY SERVICES

EIN: 822339175 501(c)(3) Mental Health

MASON, MI

Total Revenue
$204,843
Total Expenses
$160,493
Total Assets
$135,308
Net Assets
$52,968
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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
2020
Legal Domicile
MI
Tax Period
2023-01-01 to 2023-12-31

LIFEBOAT ADDICTION RECOVERY SERVICES, founded in 2020, is a small nonprofit in the Mental Health sector that reported $205K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 22% operating margin.

Mission

PROVIDING SUPPORT SERVICES FOR ADDICTION RECOVERY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,491
Program Service Revenue $185,000
Investment Income $0
Other Revenue $4,352
TOTAL REVENUE $204,843

Expense Breakdown

Grants Paid $42,551
Salaries & Benefits $113,440
Fundraising Expenses $0
Program Expenses $160,493
Other Expenses $4,502
TOTAL EXPENSES $160,493

Year-over-Year Comparison

2023 2022 Change
Revenue $204,843 $149,142 +0.4%
Expenses $160,493 $160,214 +0.0%
Net Income $44,350 $-11,072 -5.0%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH J SMITH DIRECTOR 0.00
Officer
$0 $0 $0
JOSEPH E LOWE PRESIDENT 0.00
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
2024 No data No data No data No data
2023 $204,843 $160,493 $135,308 $44,350
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