LIFEBOAT SERVICES

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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

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, BASIS NEEDS, RESOURCES AND A NON-CLINICAL MENTAL HEALTH PEER-SUPPORT SERVICE.

Program Service Accomplishments

Program 1

Expenses: $749,129

FILLING EMPTY BELLLIES SHELTER SERVICES MAKE AVAILABLE TO OUR UNHOUSED POPULATIONS, A CLOTHING CLOSET, LAUNDRY, HAIRCUTS, HOUSING ADVOCACY, NEWBORN BABY SUPPLIES, SCHOOL SUPPLIES/CLOTHING FOR...

FILLING EMPTY BELLLIES SHELTER SERVICES MAKE AVAILABLE TO OUR UNHOUSED POPULATIONS, A CLOTHING CLOSET, LAUNDRY, HAIRCUTS, HOUSING ADVOCACY, NEWBORN BABY SUPPLIES, SCHOOL SUPPLIES/CLOTHING FOR CHILDREN, HOLIDAY MEALS, CHRISTMAS GIFTS FOR LOCAL CHILDREN AND REFERRALS TO OTHER RESOURCES IN THE AREA.FILLING EMPTY BELLIES SERVES MEALS 5 DAYS PER WEEK SERVING HOMELESS AND ANYONE WHO NEEDS A MEAL.

Program 2

Expenses: $66,018

BEACON PEER-SUPPORT SERVICES OFFERS A SAFE AND RESTORATIVE ENVIRONMENT FOR INDIVIDUALS NAVIGATING MENTAL ILLNESS. BEACON PEER-SUPPORT SERVICES IS A MEMBERSHIP-BASED, PEER-RUN CENTER THAT VALUES EACH MEMBER EQUALLY. THE GOAL IS TO EMPOWER MEMBERS WITH ACCESS TO: SKILL-BUILDING, JOB TRAINING, SUPPORTIVE SOCIALIZATION, ADVOCACY, AND EDUCATION THROUGH AN ESTABLISHED WORK-ORDERED DAY. MEMBERSHIP IS REFERRAL BASED FROM LOCAL CLINICS AND MENTAL HEALTH PROFESSIONALS.

Program 3

Expenses: $11,341

FILLING EMPTY BELLIES DAYTIME NAVIGATION SERVICES (OPERATES AS AN EXTENSION OF OUR SHELTER) ARE PROVIDED OUT OF THE 1076 FRANKLIN LOCATION AND ARE OFFERED TO UNHOUSED INDIVIDUALS. THIS A DAYTIME...

FILLING EMPTY BELLIES DAYTIME NAVIGATION SERVICES (OPERATES AS AN EXTENSION OF OUR SHELTER) ARE PROVIDED OUT OF THE 1076 FRANKLIN LOCATION AND ARE OFFERED TO UNHOUSED INDIVIDUALS. THIS A DAYTIME WARMING CENTER, FULL CLOTHING CLOSET, CASE MANAGEMENT, CO-LOCATED SERVICES, RECOVERY MEETING AND BASIC NEEDS.

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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 $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

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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

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