LIFETIME WELLS VISION INC

EIN: 852992779 501(c)(3) International Affairs

Denton, MD

Total Revenue
$421,059
Total Expenses
$428,403
Total Assets
$11,178
Net Assets
$11,178
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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
MD
Principal Officer
BEN WOOD
Phone
4104790397
Tax Period
2024-01-01 to 2024-12-31

LIFETIME WELLS VISION INC, founded in 2020, is a small nonprofit in the International Affairs sector that reported $421K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year.

Mission

Provide eye examines and glasses for people in the remote area of Africa.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $421,059
Investment Income $0
Other Revenue $0
TOTAL REVENUE $421,059

Expense Breakdown

Grants Paid $428,128
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $275
TOTAL EXPENSES $428,403

Year-over-Year Comparison

2024 2023 Change
Revenue $421,059 $510,471 -0.2%
Expenses $428,403 $530,197 -0.2%
Net Income $-7,344 $-19,726 -0.6%
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
6
Independent Members
6
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN A WOOD PRESIDENT 002.00
Director
$0 $0 $0
DAVID POWELL VICE PRESIDENT 002.00
Director
$0 $0 $0
JESSE PORTER SECTETARY 002.00
Director
$0 $0 $0
DAVID H WHALEY TREASURE 002.00
Director
$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 $421,059 $428,403 $11,178 $-7,344
2023 $510,471 $530,197 $16,118 $-19,726
2022 $410,688 $388,955 $35,844 $21,733
2021 $376,018 $387,239 $14,111 $-11,221
2020 $126,827 $101,495 $25,332 $25,332
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