THE LIFE ENRICHMENT CENTER OF WAKE COUNTY INC

EIN: 843588893 501(c)(3) Human Services

RALEIGH, NC

Total Revenue
$20,747
Total Expenses
$20,848
Total Assets
$6,228
Net Assets
$-101
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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
2020
Legal Domicile
NC
Principal Officer
PHILLIP LANGSTON
Phone
9198727776
Tax Period
2022-01-01 to 2022-12-31

THE LIFE ENRICHMENT CENTER OF WAKE COUNTY INC, founded in 2020, is a micro nonprofit in the Human Services sector that reported $21K in total revenue in fiscal year 2022.

Mission

THE MISSION OF THE ORGANIZATION IS TO STRENGTHEN THE OVERALL NEEDS OF FAMILIES AND THE COMMUNITY THROUGH OUTREACH PROGRAMS, SEMINARS AND WORKSHOPS THAT WILL FOSTER AND SUPPORT EDUCATIONAL, FAMILY, ECONOMIC AND LEADERSHIP DEVELOPMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $20,747
TOTAL REVENUE $20,747

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,848
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $20,848

Year-over-Year Comparison

2022 2021 Change
Revenue $20,747 N/A N/A
Expenses $20,848 N/A N/A
Net Income $-101 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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
1

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
1
$20,848
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHILLIP LANGSTON EXECUTIVE DI 40.00
Officer
$20,848 $0 $20,848
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
2022 $20,747 $20,848 $6,228 $-101
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