LIFE AND BUILDING SAFETY COALITION INC

EIN: 833642372 Community Improvement

GREENSBORO, NC

Total Revenue
$667,610
Total Expenses
$743,940
Total Assets
$102,403
Net Assets
$102,403
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
DE
Principal Officer
SARA STEFANSKI
Phone
9177443996
Tax Period
2024-01-01 to 2024-12-31

LIFE AND BUILDING SAFETY COALITION INC, founded in 2018, is a small nonprofit in the Community Improvement sector that reported $668K in total revenue in fiscal year 2024. Expenses of $744K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO OPERATE AS A BUSINESS LEAGUE DEVOTED TO IMPROVING BUSINESS CONDITIONS AND SAFETY OF THE READY-MADE APPAREL AND FOOTWEAR SUPPLY CHAIN.

Program Service Accomplishments

Program 1
Expenses: $743,939

LIFE AND BUILDING SAFETY COALITION HELPS FUND THE NETHERLAND'S LIFE AND BUILDING SAFETY PROGRAM BY INVOICING PARTICIPANT AND FACTORY FEES TO US BRANDS AND RETAILERS IN THE READY-MADE APPAREL AND...

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LIFE AND BUILDING SAFETY COALITION HELPS FUND THE NETHERLAND'S LIFE AND BUILDING SAFETY PROGRAM BY INVOICING PARTICIPANT AND FACTORY FEES TO US BRANDS AND RETAILERS IN THE READY-MADE APPAREL AND FOOTWEAR SUPPLY CHAIN. LABS THEN GRANTS THESE FUNDS TO STICHTING LIFE AND BUILDING SAFETY IN THE NETHERLANDS, ENABLING THEM TO PARTICIPATE IN THIS INDUSTRY-DRIVEN PROGRAM IN WHICH MULTIPLE BRANDS AND RETAILERS JOIN FORCES TO ADDRESS BUILDING SAFETY ISSUES AND TO MITIGATE PREVENTABLE FIRE, ELECTRICAL AND STRUCTURAL SAFETY RISKS IN KEY APPAREL AND FOOTWEAR MANUFACTURERS IN THEIR SUPPLY CHAIN AND OPERATIONS, WITHIN THE NETHERLANDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $667,610
Investment Income $0
Other Revenue $0
TOTAL REVENUE $667,610

Expense Breakdown

Grants Paid $733,514
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $743,939
Other Expenses $10,426
TOTAL EXPENSES $743,940

Year-over-Year Comparison

2024 2023 Change
Revenue $667,610 $635,020 +0.1%
Expenses $743,940 $577,411 +0.3%
Net Income $-76,330 $57,609 -2.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCO REYES PRESIDENT 1.00
Officer Director
$0 $0 $0
BETH CIESLIK SECRETARY 1.00
Officer Director
$0 $0 $0
SARA STEFANSKI TREASURER 1.00
Officer 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
2024 $667,610 $743,940 $102,403 $-76,330
2023 $635,020 $577,411 $178,733 $57,609
2022 $489,922 $821,756 $121,124 $-331,834
2021 $713,173 $485,574 $452,958 $227,599
2020 $587,120 $745,541 $225,359 $-158,421
2019 $383,863 $83 $383,780 $383,780
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