LIVEBETTER CORP

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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

2019

Legal Domicile

Principal Officer

MIKE NOLET

Phone

9174533009

Tax Period

2022-01-01 to 2022-12-31

LIVEBETTER CORP, founded in 2019, is a small nonprofit in the Health Care sector that reported $580K in total revenue in fiscal year 2022. Revenue surged 49% from the prior year, signaling strong growth momentum.

Mission

USING AN EVIDENCE BASED APPROACH WE DELIVER REAL TIME INFORMATION AND INTERVENTIONS THAT HELP INDIVIDUALS IMPROVE THEIR MENTAL HEALTH.

Program Service Accomplishments

Program 1

Expenses: $550,000 Revenue: $0

THROUGH PARTNERSHIP WITH KOKO.AI WE WORK WITH SOCIAL NETWORKS AND LARGE ONLINE COMMUNITIES, ARMING THEM WITH THE TOOLS TO MAKE A MEASURABLE IMPACT ON THE HEALTH AND WELL-BEING OF MILLIONS OF PEOPLE, ESPECIALLY YOUNG ADULTS. WE HELP SOCIAL MEDIA COMPANIES IDENTIFY INDIVIDUALS POTENTIALLY GOING THROUGH A MENTAL HEALTH CRISIS OR CONSIDERING SUICIDE AND PROVIDE THEM WITH REAL TIME INTERVENTIONS AND REFERRALS TO APPROPRIATE SUICIDE HOTLINES.

Program 2

Expenses: $19,881 Revenue: $0

WE OPERATE THE APP "LIVEBETTER" -- A FREE MENTAL HEALTH COACHING APPLICATION THAT HELPS INDIVIDUALS MANAGE ANXIETY, STRESS AND LEARN THE KEY SKILLS TO LIVING A HAPPIER LIFE. INDIVIDUALS IMPROVE THEIR WELLBEING THROUGH DAILY CHATS WITH THEIR DIGITAL COACHES LIA & LIAM AND BY COMPLETING SKILL SPECIFIC CHALLENGES. THE APP IS AVAILABLE ON THE IOS AND ANDROID APP STORES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $580,128

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $580,128

Expense Breakdown

Grants Paid $550,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $569,881

Other Expenses $19,881

TOTAL EXPENSES $569,881

Year-over-Year Comparison

	2022	2021	Change
Revenue	$580,128	$390,000	+0.5%
Expenses	$569,881	$378,363	+0.5%
Net Income	$10,247	$11,637	-0.1%

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

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
MICHAEL NOLET	CEO	40	Officer Director	$0	$0	$0
NATHAN DEMERS	BOARD MEMBER	1	Director	$0	$0	$0
IGOR SHINDEL	TREASURER	1	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
2022	$580,128	$569,881	$41,636	$10,247
2021	$390,000	$378,363	$31,352	$11,637