LIGHT OF LIFE SUPPORT CORPORATION (EIN 851051780) - 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

2020

Legal Domicile

Principal Officer

JERREL GILLIAM

Phone

4122586100

Tax Period

2023-10-01 to 2024-09-30

LIGHT OF LIFE SUPPORT CORPORATION, founded in 2020, is a micro nonprofit in the Housing & Shelter sector that reported $90K in total revenue in fiscal year 2023. Expenses of $295K exceeded revenue, resulting in a 227% operating deficit.

Mission

THE CORPORATION IS ORGANIZED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF LIGHT OF LIFE MINISTRIES, INC.

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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 $0

Program Service Revenue $90,000

Investment Income $0

Other Revenue $28

TOTAL REVENUE $90,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $251,936

Other Expenses $294,631

TOTAL EXPENSES $294,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,028	$92,536	0.0%
Expenses	$294,631	$294,493	+0.0%
Net Income	$-204,603	$-201,957	+0.0%

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

N/A

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

$158,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATALIE KRETER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHRIS CHANEY	SECRETARY	1.00	Officer Director	$0	$0	$0
RACHEL SCHMIEDLIN	TREASURER	1.00	Officer Director	$0	$0	$0
PETE HILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN MYCYK	BOARD MEMBER	1.00	Director	$0	$0	$0
JERREL GILLIAM	EXECUTIVE DIRECTOR	1.00	Officer	$0	$22,265	$158,316
DOUG SMITH	ASSISTANT EXECUTIVE DIRECTOR	1.00	Highest	$0	$20,833	$122,963

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	$90,028	$294,631	$7,454,007	$-204,603
2023	$92,536	$294,493	$7,652,134	$-201,957
2022	$96,354	$301,337	$7,854,091	$-204,983
2021	$68,342	$232,709	$8,059,074	$-164,367
2020	$576	$21,175	$7,239,401	$-20,599

LIGHT OF LIFE SUPPORT CORPORATION