LIFE WORTH LIVING INC

EIN: 851400995 501(c)(3) Social Science

BRIDGETON, NJ

Total Revenue
$673,688
Total Expenses
$765,346
Total Assets
$46,508
Net Assets
$-83,132
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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
NJ
Principal Officer
John Faqua
Phone
8563926826
Tax Period
2023-01-01 to 2023-12-31

LIFE WORTH LIVING INC, founded in 2020, is a small nonprofit in the Social Science sector that reported $674K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $765K exceeded revenue, resulting in a 14% operating deficit.

Mission

Life Worth Living empowers young people to lead long, fulfilling lives. We provide opportunities and prioritize our work in places where young people are most at risk of losing their lives or liberty.

Program Service Accomplishments

Program 1
Expenses: $216,048 Revenue: $0

Youth and Adult Recreation: In 2023 Life Worth Living was able to organize and coordinate a successful basketball league that serviced over 100 youths.

Program 2
Expenses: $379,337 Revenue: $0

Youth Outreach and Education:Our Conflict Resolution Team were able to intervene on serval issues that involved violence. Our community engagement events were well attended and the community was...

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Youth Outreach and Education:Our Conflict Resolution Team were able to intervene on serval issues that involved violence. Our community engagement events were well attended and the community was really involved we organized (18) events that year. Operation Safe Summer allowed us to organize events across Cumberland County that involved over 800 participants.

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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 (2023)

Revenue Breakdown

Contributions & Grants $673,688
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $673,688

Expense Breakdown

Grants Paid $0
Salaries & Benefits $561,228
Fundraising Expenses $0
Program Expenses $595,385
Other Expenses $204,118
TOTAL EXPENSES $765,346

Year-over-Year Comparison

2023 2022 Change
Revenue $673,688 $597,140 +0.1%
Expenses $765,346 $588,614 +0.3%
Net Income $-91,658 $8,526 -11.8%
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
3
Independent Members
3
Employees
28
Volunteers
18

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
3
$0
Total Directors
1
$80,926
Key Employees
1
$80,926
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Faqua Executive Director 50
Director Key Emp
$80,926 $0 $80,926
Ed Bethea President 2
Officer
$0 $0 $0
Melissa Helmbrecht Secretary 2
Officer
$0 $0 $0
Eugene Kelly Treasurer 2
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
2023 $673,688 $765,346 $46,508 $-91,658
2022 $597,140 $588,614 $33,126 $8,526
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