CONVIVIAL LIFE INC (EIN 862680259) - 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

2021

Legal Domicile

Principal Officer

BRUCE R GRINDROD JR

Phone

9412603928

Tax Period

2024-01-01 to 2024-12-31

CONVIVIAL LIFE INC, founded in 2021, is a mid-sized nonprofit in the Housing & Shelter sector that reported $27.0M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $45.4M exceeded revenue, resulting in a 68% operating deficit.

Mission

CONVIVIAL LIFE IS A MISSION-DRIVEN ORGANIZATION ESTABLISHED TO OFFER VIBRANT SENIOR LIVING COMMUNITIES THAT PROMOTE AN ACTIVE LIFESTYLE AND OPPORTUNITIES TO ENJOY LIFE AT ITS FULLEST. WE CHERISH BUILDING LONG-LASTING RELATIONSHIPS WITH OUR VALUED RESIDENTS, ASSOCIATES, THEIR FAMILIES, AND NEIGHBORS AS WE SEEK TO MAKE A POSITIVE IMPACT IN OUR LOCAL COMMUNITIES AND AROUND THE GLOBE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $556,029

Program Service Revenue $26,156,434

Investment Income $277,717

Other Revenue $0

TOTAL REVENUE $26,990,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,888,532

Fundraising Expenses $0

Program Expenses $36,727,970

Other Expenses $41,472,923

TOTAL EXPENSES $45,361,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,990,180	$23,221,555	+0.2%
Expenses	$45,361,455	$38,182,993	+0.2%
Net Income	$-18,371,275	$-14,961,438	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE R GRINDROD JR	BOARD CHAIR & CEO	1.00	Officer Director	$0	$0	$0
JUDAH RONCH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFFREY METZGER	SECRETARY & TREAS	1.00	Officer Director	$0	$0	$0
GREG ROBERTS ESQ	AT-LARGE TRUSTEE	1.00	Director	$0	$0	$0
DR GRETCHEN RAMEY	AT-LARGE TRUSTEE	1.00	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	$26,990,180	$45,361,455	$202,347,061	$-18,371,275
2023	$23,221,555	$38,182,993	$167,928,176	$-14,961,438
2022	$13,832,666	$25,010,838	$161,136,141	$-11,178,172
2021	$212	$207,136	$586,760	$-206,924

CONVIVIAL LIFE INC