LIFE IMPACT INC

EIN: 842690690 501(c)(3) Food, Agriculture & Nutrition

BUFFALO, NY

Total Revenue
$1,304,435
Total Expenses
$604,706
Total Assets
$839,530
Net Assets
$839,530
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NY
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

OUR MISSION IS TO BE THE HANDS AND FEET OF JESUS, PUTTING ACTION BEHIND OUR WORDS, WHILE MEETING THE IMMEDIATE NEEDS OF LOW INCOME FAMILIES AND INDIVIDUALS IN OUR COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $499,951

EMERGENCY FOOD IS PROVIDED TO LOW INCOME FAMILIES AND INDIVIDUALS THROUGHOUT WESTERN NEW YORK, INCLUDING CHRONICALLY HOMELESS VETERANS, SENIORS, AND DISABLED CLIENTS. THE ON-SITE DRIVE-THRU FOOD...

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EMERGENCY FOOD IS PROVIDED TO LOW INCOME FAMILIES AND INDIVIDUALS THROUGHOUT WESTERN NEW YORK, INCLUDING CHRONICALLY HOMELESS VETERANS, SENIORS, AND DISABLED CLIENTS. THE ON-SITE DRIVE-THRU FOOD DISTRIBUTION IS OPEN WEEKLY WITH ADDITIONAL DISTRIBUTIONS DONE THROUGH A MOBILE FOOD PANTRY 2 TIMES PER MONTH TO 6 LOW INCOME SENIOR FACILITIES AND COMMUNITIES WITH TRANSPORTATION BARRIERS. OVER 2,800 INDIVIDUALS RECEIVE FOOD THROUGH THE PANTRY.

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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 (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

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Governance

Voting Members
3
Independent Members
1
Employees
4
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
2
$14,517
Total Directors
3
$14,517
Key Employees
0
$0
Highest Compensated
0
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
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