LifeApp USA Inc (EIN 851221185) - 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

Candace Sweet

Phone

5127507771

Tax Period

2023-01-01 to 2023-12-31

LifeApp USA Inc, founded in 2020, is a community nonprofit in the Education sector that reported $2.3M in total revenue in fiscal year 2023. The organization ran a surplus of $2.3M, a strong 99% operating margin.

Mission

Volunteers assisted in producing 3-Day live-in seminars in mental health and personal growth. In additon volunteers worked toward producing seminars and Master classes online to supplement seminar experiences.

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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 $2,298,000

Program Service Revenue $0

Investment Income $30,482

Other Revenue $0

TOTAL REVENUE $2,328,482

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,037

Other Expenses $4,087

TOTAL EXPENSES $14,087

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,328,482	N/A	N/A
Expenses	$14,087	N/A	N/A
Net Income	$2,314,395	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

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
James Sweet	Director	0.50	Director	$0	$0	$0
Jonathan Penner	Director	0.50	Director	$0	$0	$0
Candace Sweet	President	2.00	Officer	$0	$0	$0
Sidney Sweet	Treasurer	2.00	Officer	$0	$0	$0
Rick Rawson	Vice President	0.50	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	$2,328,482	$14,087	$2,316,425	$2,314,395

LifeApp USA Inc