Life Network

EIN: 840970592 501(c)(3) Health Care

Colorado Springs, CO

Total Revenue
$6,325,040
Total Expenses
$4,911,331
Total Assets
$9,347,097
Net Assets
$8,522,083
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
CO
Phone
7195912609
Tax Period
2024-01-01 to 2024-12-31

Life Network, founded in 1984, is a community nonprofit in the Health Care sector that reported $6.3M in total revenue in fiscal year 2024. The organization ran a surplus of $1.4M, a strong 22% operating margin.

Mission

Life Network provides support and mentoring to women and men facing unexpected pregnancies; offers parenting support, material resources, and referrals; and promotes sexual risk avoidance through education to foster a culture that values life.

Program Service Accomplishments

Program 1
Expenses: $2,615,643 Revenue: $37,844

Colorado Springs Pregnancy Centers: A foundational Life Network priority is to support women and men who are facing an unexpected pregnancy. We provide medical-grade pregnancy tests, educational...

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Colorado Springs Pregnancy Centers: A foundational Life Network priority is to support women and men who are facing an unexpected pregnancy. We provide medical-grade pregnancy tests, educational information, ultrasounds, early pregnancy care, and STD testing and treatment under the direction of our Medical Director. Last year, we provided the following no-cost services: 1,841 pregnancy tests, 1,307 ultrasounds, and 620 STI tests. Our patients also received support through community referrals for housing, food emergency assistance, and other related services. Our Parenting Program provides opportunities for ongoing one-on-one mentorship, parenting and childbirth classes, and extensive material resources. Last year, we had 3,128 parenting appointments with mothers and fathers. Bridges of Hope, our post-abortive care program helps women and men process, grieve, and heal from past abortions.

Program 2
Expenses: $847,922 Revenue: $-135,626

Life Network Family Thrift Stores: Our two thrift stores provide quality, affordable goods to our surrounding community, and the proceeds from the stores benefit our life-giving ministry. Life...

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Life Network Family Thrift Stores: Our two thrift stores provide quality, affordable goods to our surrounding community, and the proceeds from the stores benefit our life-giving ministry. Life Network clients earn and receive "store bucks" that can be used for furniture, clothes, furnishings, and more as they start their families.

Program 3
Expenses: $287,137 Revenue: $739

Education for a Lifetime: This in-school program provides comprehensive education on healthy relationships, suicide awareness and prevention, and mental health awareness. Last year, we taught more...

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Education for a Lifetime: This in-school program provides comprehensive education on healthy relationships, suicide awareness and prevention, and mental health awareness. Last year, we taught more than 7,000 students in 31 middle and high schools.

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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 $6,540,759
Program Service Revenue $38,583
Investment Income $83,823
Other Revenue $-338,125
TOTAL REVENUE $6,325,040

Expense Breakdown

Grants Paid $87,014
Salaries & Benefits $2,961,232
Fundraising Expenses $759,197
Program Expenses $3,750,702
Other Expenses $1,863,085
TOTAL EXPENSES $4,911,331

Year-over-Year Comparison

2024 2023 Change
Revenue $6,325,040 $6,017,668 +0.1%
Expenses $4,911,331 $4,054,366 +0.2%
Net Income $1,413,709 $1,963,302 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
97
Volunteers
498

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
6
$215,713
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chris Banta Treasurer 1.0
Officer Director
$0 $0 $0
Derek Hanson Chair 1.0
Officer Director
$0 $0 $0
Linda Gould Vice Chair 1.0
Officer Director
$0 $0 $0
Maura Nordberg Secretary 1.0
Officer Director
$0 $0 $0
Tom Sistare Treasurer ( Part Year) 1.0
Officer Director
$0 $0 $0
Bridget Lee Director 1.0
Director
$0 $0 $0
Chris Odell Director 1.0
Director
$0 $0 $0
Dave York Director 1.0
Director
$0 $0 $0
Debbi Rayburn Director 1.0
Director
$0 $0 $0
Eric Cartier Director (Part Year) 1.0
Director
$0 $0 $0
Nancy Haddad Director 1.0
Director
$0 $0 $0
Rich Bennett President/CEO 40.0
Officer
$209,280 $6,433 $215,713
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 $6,325,040 $4,911,331 $9,347,097 $1,413,709
2023 $6,017,668 $4,054,366 $7,878,932 $1,963,302
2022 $4,959,703 $3,291,990 $5,981,096 $1,667,713
2021 $4,208,069 $2,760,858 $4,058,090 $1,447,211
2020 $3,198,953 $2,282,035 $2,841,018 $916,918
2020 $3,198,953 $2,290,215 $2,832,838 $908,738
2019 $2,143,773 $1,849,022 $1,917,846 $294,751
2018 $1,760,266 $1,543,482 $1,652,970 $216,784
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