LIFE STORY CLUB (EIN 843516287) - 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

TAJREENA TABASSOOM

Phone

3475723525

Tax Period

2024-01-01 to 2024-12-31

LIFE STORY CLUB, founded in 2019, is a small nonprofit in the Human Services sector that reported $811K in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $734K left a modest 10% surplus.

Mission

LIFE STORY CLUB COMBATS LONELINESS AND SOCIAL ISOLATION BY CREATING SMALL SOCIAL CLUBS FOR OLDER ADULTS TO SHARE LIFE STORIES AND EASILY BUILD FRIENDSHIPS.

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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 $706,227

Program Service Revenue $99,014

Investment Income $5,601

Other Revenue $27

TOTAL REVENUE $810,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $581,846

Fundraising Expenses $72,698

Program Expenses $514,665

Other Expenses $151,748

TOTAL EXPENSES $733,594

Year-over-Year Comparison

	2024	2023	Change
Revenue	$810,869	$502,169	+0.6%
Expenses	$733,594	$521,670	+0.4%
Net Income	$77,275	$-19,501	-5.0%

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

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

$163,958

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY FARRELL	CHAIR	4.00	Officer Director	$0	$0	$0
SAHEBBA SABHERWAL	TREASURER	4.00	Officer Director	$0	$0	$0
LILY ZHOU	SECRETARY	10.00	Officer Director	$0	$0	$0
ZAINAB ASLAM	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN DAMONTI	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL P HOFFMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
SUPRIYA KUMAR	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD LIU	BOARD MEMBER	2.00	Director	$0	$0	$0
BAILEY RICHARSON	BOARD MEMBER	2.00	Director	$0	$0	$0
STACY ABRAMSON	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$163,958	$0	$163,958
ROBIN CHAMBERLAIN	DIRECTOR OF OPERATIONS AND PARTNERSHIPS	40.00	Highest	$113,028	$6,139	$119,167

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	$810,869	$733,594	$192,546	$77,275
2023	$502,169	$521,670	$120,622	$-19,501
2022	$498,621	$433,917	$115,501	$64,704
2021	$321,426	$291,822	$51,234	$29,604

LIFE STORY CLUB