Thank You Life (EIN 881756064) - 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

2022

Legal Domicile

Principal Officer

Laura Lochrane

Phone

7136615290

Tax Period

2024-01-01 to 2024-12-31

Thank You Life, founded in 2022, is a small nonprofit in the Health Care sector that reported $678K in total revenue in fiscal year 2024. Revenue surged 79% from the prior year, signaling strong growth momentum. Expenses of $615K left a modest 9% surplus.

Mission

To provide access to legalized psychedelic therapy for all. Our programming is centered around supplementing the cost of ketamine-assisted psychotherapy (KAP) to those who cant afford its high cost.

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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 $678,073

Program Service Revenue $0

Investment Income $0

Other Revenue $14

TOTAL REVENUE $678,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $241,200

Fundraising Expenses $97,941

Program Expenses $349,835

Other Expenses $373,722

TOTAL EXPENSES $614,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$678,087	$378,135	+0.8%
Expenses	$614,922	$327,785	+0.9%
Net Income	$63,165	$50,350	+0.3%

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

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

$90,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Cannella	Executive Director	40.00	Officer	$90,000	$0	$90,000
Laura Lochrane	Chair	5.00	Officer Director	$0	$0	$0
Yana Grammer	Treasurer	1.00	Officer Director	$0	$0	$0
Dr Vince Franze	Secretary	1.00	Officer Director	$0	$0	$0
Kelsey Ramsden	Director	1.00	Director	$0	$0	$0
Aziz Friedrich	Director	1.00	Director	$0	$0	$0
Dr Dan Engle	Director	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	$678,087	$614,922	$149,487	$63,165
2023	$378,135	$327,785	$86,263	$50,350

Thank You Life