LIFE-TRAC FAMILY MINISTRIES

EIN: 911438034 501(c)(3)

MONITOR, WA

Total Revenue
$37,812
Total Expenses
$273,041
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
WA
Principal Officer
GREG MCPHERSON
Phone
5097823206
Tax Period
2021-01-01 to 2021-12-31

LIFE-TRAC FAMILY MINISTRIES, founded in 1988, is a micro nonprofit that reported $38K in total revenue in fiscal year 2021. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $273K exceeded revenue, resulting in a 622% operating deficit.

Mission

TO ENHANCE MARRIAGE AND FAMILY RELATIONSHIPS.

Program Service Accomplishments

Program 1
Expenses: $260,967 Revenue: $825

THE ORGANIZATION TYPICALLY PROVIDES MARRIAGE/FAMILY SEMINARS AND COUNSELING FOR COUPLES TO IMPROVE THEIR MARRIAGES AND FAMILY RELATIONSHIP SKILLS IN SUCH AREAS AS COMMUNICATION, FINANCE, TIME...

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THE ORGANIZATION TYPICALLY PROVIDES MARRIAGE/FAMILY SEMINARS AND COUNSELING FOR COUPLES TO IMPROVE THEIR MARRIAGES AND FAMILY RELATIONSHIP SKILLS IN SUCH AREAS AS COMMUNICATION, FINANCE, TIME MANAGEMENT, PARENTING SKILLS, ETC. THE MATERIALS ARE BASED UPON THE AUTHORITY OF THE BIBLE AND JUDEO CHRISTIAN ETHICS. THE ORGANIZATION DISSOLVED IN 2021 AND SPENT A LARGE PART OF THE YEAR WINDING DOWN OPERATIONS. AS A RESULT, WE PROVIDED A LIMITED NUMBER OF COUNSELING SESSIONS AND DID NOT HAVE ANY SEMINARS OR RETREATS.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $36,925
Program Service Revenue $825
Investment Income $62
Other Revenue $0
TOTAL REVENUE $37,812

Expense Breakdown

Grants Paid $189,888
Salaries & Benefits $52,125
Fundraising Expenses $3,627
Program Expenses $260,967
Other Expenses $31,028
TOTAL EXPENSES $273,041

Year-over-Year Comparison

2021 2020 Change
Revenue $37,812 $126,321 -0.7%
Expenses $273,041 $181,833 +0.5%
Net Income $-235,229 $-55,512 +3.2%
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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Governance

Voting Members
2
Independent Members
N/A
Employees
3
Volunteers
13

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
3
$50,398
Total Directors
5
$50,398
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG MCPHERSON PRESIDENT 40.00
Officer Director
$27,131 $11,917 $39,048
CANDY MCPHERSON VICE PRESIDENT 20.00
Officer Director
$11,350 $0 $11,350
DAVID DEFINA TREASURER (THRU 6/2021) 2.00
Officer Director
$0 $0 $0
JULIE BALLARD BOARD MEMBER (THRU 6/2021) 2.00
Director
$0 $0 $0
ROBIN CAREY BOARD MEMBER (THRU 6/2021) 2.00
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
2021 $37,812 $273,041 No data $-235,229
2020 $126,321 $181,833 $235,871 $-55,512
2019 $242,059 $271,462 $291,968 $-29,403
2018 $299,905 $277,310 $322,240 $22,595
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