LIFE Community Enrichment Inc

EIN: 823447698 501(c)(3) Philanthropy & Grantmaking

Plano, TX

Total Revenue
$642,766
Total Expenses
$639,841
Total Assets
$279,083
Net Assets
$254,710
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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
TX
Principal Officer
Dawna Hubert
Phone
4695832724
Tax Period
2021-01-01 to 2021-12-31

LIFE Community Enrichment Inc, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $643K in total revenue in fiscal year 2021. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

The organization's mission is to promote charitable giving - "Enriching our communities, one life at a time".

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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 (2021)

Revenue Breakdown

Contributions & Grants $642,766
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $642,766

Expense Breakdown

Grants Paid $506,063
Salaries & Benefits $66,096
Fundraising Expenses $0
Program Expenses $633,041
Other Expenses $67,682
TOTAL EXPENSES $639,841

Year-over-Year Comparison

2021 2020 Change
Revenue $642,766 $560,697 +0.1%
Expenses $639,841 $575,745 +0.1%
Net Income $2,925 $-15,048 -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

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
22

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
5
$66,000
Total Directors
5
$66,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dawna Hubert Executive Dir. 40.00
Officer Director
$66,000 $0 $66,000
Cheryl Landry Secretary, Dir. 10.00
Officer Director
$0 $0 $0
Gail Hubert President, Dir. 10.00
Officer Director
$0 $0 $0
John Ziglar Chairman 5.00
Officer Director
$0 $0 $0
Pat Lister Vice Pres, Dir. 5.00
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
2021 $642,766 $639,841 $279,083 $2,925
2020 $560,697 $575,745 $315,201 $-15,048
2019 $415,114 $495,653 $327,462 $-80,539
2018 $400,000 $149,361 $395,705 $250,639
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