LIFE CHANGE CENTERS (EIN 823008564) - 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

2017

Legal Domicile

Principal Officer

Tatyanna Kolesnikov

Phone

2107602008

Tax Period

2024-01-01 to 2024-12-31

LIFE CHANGE CENTERS, founded in 2017, is a small nonprofit in the Mental Health sector that reported $215K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $317K exceeded revenue, resulting in a 47% operating deficit.

Mission

To restore broken lives afflicted by substance abuse and the difficulties of life by embracing faith, hope and God's love through 24/7 care at no cost to clients over nine to eighteen month program. Our organization provides free residential treatment for the clients, up to nine months with an option to extend an additional nine months. We depend on donations and fundraising to provide operational expenses. Our spritiually based program offers holistic and chemical free treatment. We address the individual, their family and provide vocational training.

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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 $64,916

Program Service Revenue $149,704

Investment Income $382

Other Revenue $0

TOTAL REVENUE $215,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,157

Fundraising Expenses $1,199

Program Expenses $271,840

Other Expenses $205,368

TOTAL EXPENSES $316,525

Year-over-Year Comparison

	2024	2023	Change
Revenue	$215,002	$301,295	-0.3%
Expenses	$316,525	$501,755	-0.4%
Net Income	$-101,523	$-200,460	-0.5%

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

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

$48,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vladimir Ulanov	Treasurer	26	Officer	$17,307	$0	$17,307
Yuriy Kolesnikov	President	19	Officer	$15,461	$0	$15,461
Sergiy Tsymbalyuk	Director	22	Officer	$15,461	$0	$15,461
Tatyana Kolesnikov	Secretary	6	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	$215,002	$316,525	$133,298	$-101,523
2023	$301,295	$501,755	$239,117	$-200,460
2022	$2,422,712	$2,304,495	$1,459,420	$118,217
2021	$2,045,640	$1,862,464	$675,728	$183,176
2020	$283,472	$263,603	$637,861	$19,869

LIFE CHANGE CENTERS