LIFE IMPACT INC (EIN 842690690) - 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

PATRICIA MARZAK

Phone

7166568995

Tax Period

2023-01-01 to 2023-12-31

LIFE IMPACT INC, founded in 2019, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 180% from the prior year, signaling strong growth momentum. The organization ran a surplus of $700K, a strong 54% operating margin.

Mission

LIFE IMPACT INC. IS AN EMERGENCY FOOD ORGANIZATION PROVIDING FOOD FOR LOW INCOME FAMILIES AND INDIVIDUALS THROUGHOUT WESTERN NEW YORK, INCLUDING CHRONICALLY HOMELESS VETERANS, SENIORS AND DISABLED CLIENTS.

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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 $1,302,671

Program Service Revenue $0

Investment Income $0

Other Revenue $1,764

TOTAL REVENUE $1,304,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,769

Fundraising Expenses $0

Program Expenses $506,970

Other Expenses $507,937

TOTAL EXPENSES $604,706

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,304,435	$465,448	+1.8%
Expenses	$604,706	$475,506	+0.3%
Net Income	$699,729	$-10,058	-70.6%

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

193

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

$14,517

Total Directors

$14,517

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA MARZAK	TREASURER/SE	16.00	Officer Director	$14,517	$0	$14,517
JOHN TONELLI	PRESIDENT	14.00	Officer Director	$0	$0	$0
PAT WARD	BOARD MEMBER	8.00	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	No data	No data	No data	No data
2023	$1,304,435	$604,706	$839,530	$699,729
2022	$465,448	$475,506	$141,021	$-10,058
2021	$747,137	$668,891	$150,483	$78,246
2020	$1,577,010	$1,532,861	$71,758	$44,149
2020	$1,577,010	$1,532,861	$71,758	$44,149

LIFE IMPACT INC