Tears for Life Foundation (EIN 843401189) - 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

Michelle Newman

Tax Period

2023-01-01 to 2023-12-31

Tears for Life Foundation, founded in 2019, is a small nonprofit in the Health Care sector that reported $943K in total revenue in fiscal year 2023. The organization ran a surplus of $922K, a strong 98% operating margin.

Mission

To anxiously and compassionately engage in benevolent and social causes for women and children born or unborn. To support and benefit them in the following but not limited to: Healthcare Education Abuse, Mental health Spiritual Education Physical fitness Racism Inequality. To anxiously engage in educational charitable scientific benevolent and social activities and pursuits especially towards women and children born and unborn. To act exclusively as a nonprofit corporation pursuant to the laws of the State of Utah. To aid support and assist other organizations engaged in related activities. To engage in any and all other lawful purposes activities and pursuits which are substantially similar to the foregoing and which are or may hereafter be authorized by Sections 501c3 and 509 of the Internal Revenue Code and are consistent with those powers authorized and described in the Utah Nonprofit Corporation and Cooperation Associati

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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 $935,368

Program Service Revenue $0

Investment Income $7,697

Other Revenue $0

TOTAL REVENUE $943,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,993

Other Expenses $21,217

TOTAL EXPENSES $21,217

Year-over-Year Comparison

	2023	2022	Change
Revenue	$943,065	N/A	N/A
Expenses	$21,217	N/A	N/A
Net Income	$921,848	N/A	N/A

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Celeste Thorpe	Trustee	1.00	Director	$0	$0	$0
Michelle Newman	Chair	5.00	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	$943,065	$21,217	$1,101,849	$921,848

Tears for Life Foundation