PLAN-IT LIFE INC (EIN 912166756) - 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

2003

Legal Domicile

Principal Officer

SHEILA MCLEAN

Phone

9516537561

Tax Period

2024-01-01 to 2024-12-31

PLAN-IT LIFE INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $4.9M in total revenue in fiscal year 2024.

Mission

TO PROVIDE A SHORT TERM RESIDENTIAL THERAPEUTIC PROGRAM (STRTP) TO CHILDREN, AGES 12-18, WHO HAVE BEEN SEPARATED FROM THEIR BIOLOGICAL PARENTS.

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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 $4,852,535

Program Service Revenue $0

Investment Income $637

Other Revenue $4,762

TOTAL REVENUE $4,857,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,509,168

Fundraising Expenses $54,949

Program Expenses $4,995,435

Other Expenses $1,722,926

TOTAL EXPENSES $5,232,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,857,934	$5,035,540	0.0%
Expenses	$5,232,094	$5,058,433	+0.0%
Net Income	$-374,160	$-22,893	+15.3%

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

116

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

$390,001

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHEILA MCLEAN	CEO/EXECUTIVE DIRECTOR	50.00	Officer	$201,001	$0	$201,001
NYRON MCLEAN	CFO/TREASURER/SECRETARY	50.00	Officer	$189,000	$0	$189,000
LIA BOUCHER	BOARD CHAIR	2.00	Director	$0	$0	$0
STEVEN CASON	BOARD MEMBER	2.00	Director	$0	$0	$0
LACHELLE FENSION	BOARD MEMBER	2.00	Director	$0	$0	$0
BETTY FOLSOM	BOARD MEMBER	2.00	Director	$0	$0	$0
HELEN JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
LANCEWORTH POWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSAN POWELL	BOARD MEMBER	2.00	Director	$0	$0	$0
ROSA KUYBUS	BOARD MEMBER	2.00	Director	$0	$0	$0
PATSY ORR	BOARD MEMBER	2.00	Director	$0	$0	$0
TAWNYA RHOADES-HENSLEY	BOARD MEMBER	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
2024	$4,857,934	$5,232,094	$2,731,142	$-374,160
2023	$5,035,540	$5,058,433	$2,704,070	$-22,893
2022	$4,671,976	$4,398,575	$2,633,817	$273,401
2021	$3,905,419	$3,794,301	$1,021,616	$111,118
2020	$3,746,822	$3,242,428	$972,950	$504,394

PLAN-IT LIFE INC