MY STRENGTH WELLNESS PROGRAM INC (EIN 832926666) - Form 990 Financial Analysis & Trantor Score

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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

2020

Principal Officer

LYNSEY L LAKIN

Phone

9099211823

Tax Period

2020-01-01 to 2020-12-31

MY STRENGTH WELLNESS PROGRAM INC, founded in 2020, is a micro nonprofit in the Diseases & Disorders sector that reported $2K in total revenue in fiscal year 2020. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $15K exceeded revenue, resulting in a 517% operating deficit.

Mission

THE SPECIFIC OBJECTIVES AND PURPOSE OF THE ORGANIZATION SHALL BE: (A) TO MATCH SERVICES OFFERED BY THE ORGANIZATION BASED ON THE INITIAL EVALUATION TO MAXIMIZE PHYSICAL, EMOTIONAL AND PSYCHOLOGICAL FUNCION IMPROVEMENT OF MEMBERS; (B) TO OFFER LOCAL SERVICES TO ALL PATIENTS WITH MULTIPLE SCLEROSIS YEAR- ROUND FOR ONGOING LIFESTYLE CHANGES AND WELLNESS PROMOTION; (C)TO PROVIDE SERVICES TO ALL MEMBERS WHO HAVE MULTIPLE SCLEROSIS TO PROMOTE COMPREHENSIVE CARE BEYOND THEIR ROUTINE OFFICE VISITS; (D) TO PROMOTE A SENSE OF COMMUNITY AMONG PARTICIPANTS WHERE THEY FEEL, AS A WHOLE PERSON, THEY ARE CARED FOR AND UNCONDITIONALLY SUPPORTED; AND (E) TO CREATE A PLATFORM OF HEALTHCARE PROFESSIONALS AND MEMBERS TO BE EDUCATED ON MULTIPLE SCLEROSIS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $2,430

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $2,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,398

Fundraising Expenses $0

Program Expenses $15,013

Other Expenses $8,615

TOTAL EXPENSES $15,013

Year-over-Year Comparison

	2020	2019	Change
Revenue	$2,432	$43,047	-0.9%
Expenses	$15,013	$13,208	+0.1%
Net Income	$-12,581	$29,839	-1.4%

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

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
LYNSEY L LAKIN	PRESIDENT	20.00	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
2020	$2,432	$15,013	$18,058	$-12,581
2019	$43,047	$13,208	$30,639	$29,839

MY STRENGTH WELLNESS PROGRAM INC