LifeHikes Foundation Inc

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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

William Hoogterp

Phone

9179136959

Tax Period

2024-01-01 to 2024-12-31

LifeHikes Foundation Inc, founded in 2018, is a small nonprofit in the Human Services sector that reported $241K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $38K, a strong 16% operating margin.

Mission

To unleash people's potential with professional and personal development training.

Program Service Accomplishments

Program 1

Expenses: $174,473

Please be advised that LifeHikes Foundation Inc. promotes public speeking, supports charities, and stimulates charitable giving.

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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 $240,572

Program Service Revenue $0

Investment Income $824

Other Revenue $0

TOTAL REVENUE $241,396

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $120,568

Fundraising Expenses $0

Program Expenses $174,473

Other Expenses $77,422

TOTAL EXPENSES $202,990

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,396	$203,072	+0.2%
Expenses	$202,990	$153,830	+0.3%
Net Income	$38,406	$49,242	-0.2%

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

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Hoogterp	President	5.00	Officer	$0	$0	$0
Maria Hoogterp	Vice President	5.00	Officer	$0	$0	$0
Darshna P Modi	Treasurer	5.00	Officer	$0	$0	$0
Thomas Mcenanly	Controller	5.00	Officer	$0	$0	$0
Michael F Sanchez	Director	5.00	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	$241,396	$202,990	$1,460,461	$38,406
2023	$203,072	$153,830	$1,422,055	$49,242
2022	$79,528	$89,451	$1,372,813	$-9,923
2021	$22,201	$64,095	$1,382,737	$-41,894
2020	$62,535	$69,963	$1,424,630	$-7,428
2019	$15,097	$73,253	$1,432,614	$-58,156
2018	$1,491,280	$1,066	$1,490,214	$1,490,214