LIGHT OF LIFE SUPPORT CORPORATION 2 (EIN 874126392) - 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

JERREL GILLIAM

Phone

4122586100

Tax Period

2022-10-01 to 2023-09-30

LIGHT OF LIFE SUPPORT CORPORATION 2, founded in 2021, is a micro nonprofit in the Housing & Shelter sector that reported $2K in total revenue in fiscal year 2022. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $135K exceeded revenue, resulting in a 7756% operating deficit.

Mission

THE CORPORATION IS ORGANIZAED AND WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF LIGHT OF LIFE MINISTRIES, INC.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $1,715

TOTAL REVENUE $1,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,473

Other Expenses $134,723

TOTAL EXPENSES $134,723

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,715	$343,444	-1.0%
Expenses	$134,723	$76,195	+0.8%
Net Income	$-133,008	$267,249	-1.5%

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

$163,482

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN GRANER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RACHEL SCHMIEDLIN	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS CHANEY	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN READ	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUSE M HERRLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JERREL GILLIAM	EXECUTIVE DIRECTOR	1.00	Officer	$0	$20,427	$163,482

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	$1,715	$134,723	$13,709,776	$-133,008
2022	$343,444	$76,195	$12,000,576	$267,249

LIGHT OF LIFE SUPPORT CORPORATION 2