Life Network (EIN 840970592) - 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

1984

Legal Domicile

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 exists to cultivate a community that values life through the love of Christ.

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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 (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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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

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

$215,713

Total Directors

Key Employees

Highest Compensated

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

Life Network