LIFEPREP EDUCATION SYSTEM INC (EIN 834630644) - 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

2019

Legal Domicile

Principal Officer

ELIYAHU EFROYMSON

Phone

2169734741

Tax Period

2023-01-01 to 2023-12-31

LIFEPREP EDUCATION SYSTEM INC, founded in 2019, is a community nonprofit in the Education sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 60% from the prior year, signaling strong growth momentum. Expenses of $2.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE SECULAR EDUCATIONAL & VOCATIONAL PROGRAMMMING FOR JEWISH PRIVATE SCHOOLS NEEDING RESOURCES PROGRAMMING AND IMPLEMENTATION WITHIN THE STATES CORE CURRICULUM. ALSO, TO PROVIDE GRANTS TO OTHER INSTITUTIONS WHO SHARE OUR PRINCIPALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $49,200

Program Service Revenue $1,929,164

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,978,364

Expense Breakdown

Grants Paid $92,127

Salaries & Benefits $1,547,669

Fundraising Expenses $0

Program Expenses $1,742,830

Other Expenses $626,253

TOTAL EXPENSES $2,266,049

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,978,364	$1,236,450	+0.6%
Expenses	$2,266,049	$1,580,403	+0.4%
Net Income	$-287,685	$-343,953	-0.2%

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

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

$57,583

Total Directors

$66,183

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIYAHU EFROYMSON	PRESIDENT/DIRECTOR	25.00	Officer Director	$57,583	$0	$57,583
BARRY STEIN	GENL BOARD	5.00	Director	$8,600	$0	$8,600
RACHAYL EFROYMSON	BOARD MEMBER	0.00	Director	$0	$0	$0
CORINNE JUDASIN	TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$1,978,364	$2,266,049	$102,763	$-287,685
2022	$1,236,450	$1,580,403	$410,052	$-343,953
2021	$1,099,397	$1,011,845	$217,728	$87,552
2020	$246,382	$186,350	$103,828	$60,032

LIFEPREP EDUCATION SYSTEM INC