LIFEBOAT SERVICES (EIN 823838234) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

OSARCH ORAK

Phone

5037413572

Tax Period

2024-01-01 to 2024-12-31

LIFEBOAT SERVICES, founded in 2018, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 180% from the prior year, signaling strong growth momentum. The organization ran a surplus of $325K, a strong 26% operating margin.

Mission

PROVIDES SHELTER TO THE UNHOUSED, BASIC NEEDS, RESOURCES AND A NON-CLININCAL MENTAL HEALTH PEER-SUPPORT SERVICE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,263,779

Program Service Revenue $0

Investment Income $0

Other Revenue $2,927

TOTAL REVENUE $1,266,706

Expense Breakdown

Grants Paid $0

Salaries & Benefits $538,789

Fundraising Expenses $0

Program Expenses $826,488

Other Expenses $402,980

TOTAL EXPENSES $941,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,266,706	$453,009	+1.8%
Expenses	$941,769	$496,296	+0.9%
Net Income	$324,937	$-43,287	-8.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORRI BUCK BLAIR	BOARD	1.00	Director	$0	$0	$0
ADRIANA SOFIA GUERRERO	BOARD	1.00	Director	$0	$0	$0
KRISTY WESTFALL	BOARD	1.00	Director	$0	$0	$0
MICHAEL AVILA	BOARD	1.00	Director	$0	$0	$0
JESSIE HIGGINS	BOARD	1.00	Director	$0	$0	$0
DAVE T HSIAO	BOARD	1.00	Director	$0	$0	$0
MARIAMA RAMARUI	SECRETARY	1.00	Officer	$0	$0	$0
KIRK WINTERMUTE	PRESIDENT	1.00	Officer	$0	$0	$0
JEFF CARLSEN	TREASURER, PRESIDENT 2	1.00	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	$1,266,706	$941,769	$504,517	$324,937
2023	$453,009	$496,296	$174,284	$-43,287
2022	$362,365	$352,305	$211,541	$10,060
2021	$279,406	$128,370	$199,860	$151,036

LIFEBOAT SERVICES