Inspired Life Therapy

EIN: 832673448 501(c)(3) Human Services

Reno, NV

Total Revenue
$424,533
Total Expenses
$382,124
Total Assets
$63,209
Net Assets
$63,209
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
NV
Principal Officer
Zandi Salstrom
Phone
7752985392
Tax Period
2023-01-01 to 2023-12-31

Inspired Life Therapy, founded in 2018, is a small nonprofit in the Human Services sector that reported $425K in total revenue in fiscal year 2023. Revenue surged 131% from the prior year, signaling strong growth momentum. Expenses of $382K left a modest 10% surplus.

Mission

To improve the quality of human life through artistic and emotional expression

Program Service Accomplishments

Program 1
Expenses: $371,811 Revenue: $387,426

Mental Health Counseling, Art Therapy, Drama Therapy, Nutrition Therapy Services, and Clinical Supervision for Art Therapists

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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 (2023)

Revenue Breakdown

Contributions & Grants $37,107
Program Service Revenue $387,426
Investment Income $0
Other Revenue $0
TOTAL REVENUE $424,533

Expense Breakdown

Grants Paid $457
Salaries & Benefits $353,581
Fundraising Expenses $0
Program Expenses $371,811
Other Expenses $28,086
TOTAL EXPENSES $382,124

Year-over-Year Comparison

2023 2022 Change
Revenue $424,533 $183,843 +1.3%
Expenses $382,124 $173,058 +1.2%
Net Income $42,409 $10,785 +2.9%
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
3
Employees
6
Volunteers
3

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
3
$135,888
Total Directors
5
$135,888
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Zandi Schlegel President and Executive Director 40
Officer Director
$97,202 $0 $97,202
Zoe Davis Vice President and Therapist 30
Officer Director
$38,686 $0 $38,686
Mary Reitan Secretary 1
Officer Director
$0 $0 $0
Sara Medlock Director 1
Director
$0 $0 $0
Deverie Stephens Director 1
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
2023 $424,533 $382,124 $63,209 $42,409
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