THE LIFE HEALTH CENTER COMPLEX INC

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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

2004

Legal Domicile

Tax Period

2022-07-01 to 2023-06-30

THE LIFE HEALTH CENTER COMPLEX INC, founded in 2004, is a community nonprofit in the Health Care sector that reported $6.2M in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $1.8M, a strong 29% operating margin.

Mission

TO PROVIDE INTERGRATED COMMUNITY HEALTH SERVICES TO LOW INCOME INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $3,633,882 Revenue: $2,806,576

THE ORGANIZATION PROVIDES INTERGRATED HEALTH SERVICES THAT INCLUDES FAMILYMECIDINE, WOMENS HEALTH, MENTAL HEALTH AND SOCIAL SERVICES TO LOW INCOMEINDIVIDUALS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $487,500

Program Service Revenue $5,709,329

Investment Income $910

Other Revenue $1,483

TOTAL REVENUE $6,199,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,661,411

Fundraising Expenses $0

Program Expenses $3,633,882

Other Expenses $1,759,482

TOTAL EXPENSES $4,420,893

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,199,222	$6,632,742	-0.1%
Expenses	$4,420,893	$3,544,981	+0.2%
Net Income	$1,778,329	$3,087,761	-0.4%

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

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

$250,303

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FORREST WATSON III	PRESIDENT	40.00	Key Emp	$142,800	$0	$142,800
DENISE WATSON	CHIEF OPERATING OFFICER	40.00	Key Emp	$107,503	$0	$107,503
DENISE WATSON	BOARD MEMBER	2.00	Officer	$0	$0	$0
ARDELIA PRITCHETT	BOARD MEMBER	1.00	Officer	$0	$0	$0
PATRICE GILLIAM JOHNSON	BOORD MEMBER	2.00	Officer	$0	$0	$0
ROMONA FULLMAN	SECRETARY	1.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$6,199,222	$4,420,893	$8,886,754	$1,778,329
2023	$2,806,576	$3,922,958	$3,274,509	$-1,116,382
2022	$6,632,742	$3,544,981	$4,956,042	$3,087,761
2021	$3,130,753	$2,485,917	$2,325,911	$644,836
2020	$2,930,832	$2,310,787	$2,738,728	$620,045
2018	$1,488,689	$1,079,353	$1,088,377	$409,336