Inspired Life Therapy (EIN 832673448) - 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

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

🔒

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 (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

🔒

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

$135,888

Total Directors

$135,888

Key Employees

Highest Compensated

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

Inspired Life Therapy