FULL LIFE CARE

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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

1980

Legal Domicile

Principal Officer

TORSTEN HIRCHE

Phone

2062243741

Tax Period

2023-10-01 to 2024-09-30

FULL LIFE CARE, founded in 1980, is a mid-sized nonprofit in the Human Services sector that reported $19.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $22.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

FULL LIFE CARE IS DEDICATED TO ENHANCING THE QUALITY OF LIFE FOR FRAIL ELDERS WITH CHRONIC OR TERMINAL ILLNESSES AND DISABILITIES. FULL LIFE CARE RESPECTS THE DIGNITY OF PARTICIPANTS AND PROVIDES FOR THEM WITH CARE AND COMPASSION. FULL LIFE CARE IS COMMITTED, THROUGH PROGRAMS OF HEALTH AND SOCIAL SERVICES, TO THE INDEPENDENCE AND WELL-BEING OF ALL PARTICIPANTS AND PROVIDING RESPITE FOR CAREGIVERS.

Program Service Accomplishments

Program 1

Expenses: $21,805,162 Revenue: $17,995,798

HOME CARE SERVICESFULL LIFE CARE PROVIDED IN-HOME CARE SERVICES TO HUNDREDS OF CLIENTS WITH OVER 350 HOME CARE AIDES. THIS SERVICE ALLOWS THE CLIENT TO REMAIN IN THEIR HOME FOR AS LONG AS POSSIBLE...

HOME CARE SERVICESFULL LIFE CARE PROVIDED IN-HOME CARE SERVICES TO HUNDREDS OF CLIENTS WITH OVER 350 HOME CARE AIDES. THIS SERVICE ALLOWS THE CLIENT TO REMAIN IN THEIR HOME FOR AS LONG AS POSSIBLE AND AVOID INSTITUTIONAL CARE OR THE RISK OF HOMELESSNESS.ADULT DAY SERVICESFULL LIFE CARE PROVIDED ADULT DAY HEALTH CARE TO OVER 875 FRAIL ELDERS AND ADULTS WITH DISABILITIES AT 3 LOCATIONS IN KING AND SNOHOMISH COUNTIES. SERVICES INCLUDED SKILLED NURSING, REHABILITATIVE THERAPY, AND SOCIAL PROGRAMS WHICH HELPED PERSONS WITH CHRONIC HEALTH CONDITIONS SUCH AS STROKE, DEMENTIA, ACQUIRED BRAIN INJURY, AND DEVELOPMENT DISABILITIES AVOID LIFE IN A NURSING HOME OR OTHER INSTITUTIONAL SETTING. THESE ADULT DAY HEALTH PROGRAMS PROVIDED RESPITE TO HUNDREDS OF FAMILY CARE GIVERS.HOUSING SUPPORTSONGOING SUPPORTS TO HELP PEOPLE FIND AND KEEP STABLE, INDEPENDENT HOUSING. SERVICES INCLUDE: HOUSING ASSESSMENTS, IDENTIFYING HOUSING RESOURCES, SUPPORT OBTAINING A LEASE, INDEPENDENT LIVING SKILLS DEVELOPMENT, LANDLORD RELATIONS, AND CRISIS MANAGEMENT. ELDER FRIENDSVOLUNTEER-BASED PROGRAM PROVIDING COMPANIONSHIP AND ADVOCACY FOR ISOLATED OLDER ADULTS. ROOTED IN LIFE'S SIMPLE PLEASURES: FRIENDSHIP, LAUGHTER AND GOOD FOOD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,409,219

Program Service Revenue $17,995,798

Investment Income $31,075

Other Revenue $326,110

TOTAL REVENUE $19,762,202

Expense Breakdown

Grants Paid $2,270

Salaries & Benefits $18,128,406

Fundraising Expenses $0

Program Expenses $21,805,162

Other Expenses $4,165,598

TOTAL EXPENSES $22,296,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,762,202	$17,748,745	+0.1%
Expenses	$22,296,274	$19,142,829	+0.2%
Net Income	$-2,534,072	$-1,394,084	+0.8%

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

704

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

$1,976,827

Total Directors

$1,184,579

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TORSTEN HIRCHE	PRESIDENT & CEO	1.00	Officer Director	$0	$29,551	$1,184,579
MICHAEL CONNELL	TREASURER & CFO	1.00	Officer	$0	$37,634	$683,447
DAVID RICHART	EXECUTIVE DIRECTOR	40.00	Highest	$129,667	$16,350	$201,589
MICHELE LUKE	SECRETARY	1.00	Officer	$0	$9,384	$108,801
MARY WAGNER	CHAIR & DIRECTOR	0.10	Officer Director	$0	$0	$0
JESSE BOND	VICE CHAIR & CHAIR	0.10	Officer Director	$0	$0	$0
GREG RUSSELL	DIRECTOR & VICE CHAIR	0.10	Officer Director	$0	$0	$0
BARB BENNETT	DIRECTOR	0.10	Director	$0	$0	$0
CATHY DANIGELIS	DIRECTOR	0.10	Director	$0	$0	$0
KATHI LENTZSCH	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT LUMSDEN	DIRECTOR	0.10	Director	$0	$0	$0
JIM MELHORN	DIRECTOR	0.10	Director	$0	$0	$0
JOY MOORE	DIRECTOR	0.10	Director	$0	$0	$0
LISA NELSON	DIRECTOR	0.10	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	$19,762,202	$22,296,274	$10,631,783	$-2,534,072
2023	$17,748,745	$19,142,829	$8,433,378	$-1,394,084
2022	$21,140,955	$19,966,677	$6,934,329	$1,174,278
2021	$21,116,941	$21,545,694	$10,676,123	$-428,753
2020	$20,541,917	$20,589,685	$10,360,038	$-47,768
2019	$19,394,258	$20,717,782	$9,475,111	$-1,323,524