Lifecare Heritage INC

Tax-deductible

Lebanon, TN501(c)(3)Health CareEIN 27-1113151Revenue $2.8M in FY2024

On file with the IRS1670 W Main St Ste 150, 37087-1356 · Lebanon, TNTax-exempt since Jun 2013Publicly supported — 509(a)(2)

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A faith-based adult day care center and personal care support agency that provides assistance to the intellectually disabled, seniors and their caregivers to ensure a high quality of life

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Run by 1 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $62K a year · 3% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$313K
to officers and key staff · 12% of spending
Top officer’s pay higher than 58% of similar orgs
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$31K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
+31% vs prior year
Spent
$2.6M
To programs
98%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$2.8M
FY2024▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.7M
FY2021$1.4M
FY2022$1.4M
FY2023$2.1M
FY2024$2.8M
Expenses
$2.6M
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$1.6M
FY2023$2.5M
FY2024$2.6M
Net assets
$2.1M
FY2024▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$2.7M
FY2022$2.8M
FY2023$1.5M
FY2024$2.1M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2013.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $2.6M Management & general 2% · $63K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $313K paid to officers and key staff.

Part VII, Section A · reportable compensation
Key Emplouyee
$161,345Pt VII · Sec A
President
$151,192Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A

Sean McPherson’s $161K as Key Emplouyee is at the 58th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports adults with intellectual disabilities and seniors, offering day care and personal assistance for a better quality of life.

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Provided by the organization

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1 program · $2.6M · in their own filed words · FY2024
01

Lifecare Heritage provides housing and caregiving services to Choices and ECF members who are seniors and may have intellectual disabilities.

$2.6Mprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Fees for servicesLn 2g$2.0M
Other incomeLn 4–11$760K
Investment incomeLn 3$42K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.6M
Managementcol C$63K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$697K
Total assetsLn 16$2.1M
LiabilitiesLn 26$31K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$42K
Other incomeLn 4–11$760K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$77K
SavingsLn 2$620K
Cash and savings togetherLn 1–2$697K
Land, buildings, equipmentLn 10c$954K
Other assetsLn 15$69K
Total assetsLn 16$2.1M
LiabilitiesLn 26$31K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.3M$697K
Land, buildings, equipmentLn 10c$43K$954K
Total assetsLn 16$1.5M$2.1M
LiabilitiesLn 26$49K$31K
Net assetsLn 32$1.5M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$313K$313K$0$0
Pay of disqualified personsLn 6$1.2M$1.2M$0$0
Other employee benefitsLn 9$32K$32K$0$0
Payroll taxesLn 10$115K$115K$0$0
Management feesLn 11a$2K$2K$245$0
Legal feesLn 11b$49K$49K$0$0
Advertising and promotionLn 12$12K$12K$0$0
Office expensesLn 13$9K$9K$0$0
OccupancyLn 16$217K$217K$0$0
TravelLn 17$3K$3K$0$0
Depreciation, depletion and amortizationLn 22$33K$33K$0$0
InsuranceLn 23$42K$42K$0$0
Other expenses (24a–d)Ln 24$4K$3K$901$0
All other expensesLn 24e$645K$583K$62K$0
Total functional expensesLn 25$2.6M$2.6M$63K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.8M$2.6M$176K$2.1M 990 PDF
FY2023 $2.1M$2.5M−$340K$1.5M 990 PDF
FY2022 $1.4M$1.6M−$231K$2.8M 990 PDF
FY2021 $1.4M$1.5M−$109K$2.7M 990 PDF
FY2020 $1.7M$1.5M$194K$3.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $2,802,908 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $1,988,760$2,001,173
I-10 Investment incomePrior year $45,444$41,663
I-11 Other revenuePrior year $108,933$760,072
I-12 Total revenuePrior year $2,143,137$2,802,908
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $970,936$1,611,529
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,512,211$1,015,592
I-18 Total expensesPrior year $2,483,147$2,627,121
I-19 Revenue less expensesPrior year −$340,010$175,787
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,802,908 across 2 lines filed
Lines not itemized here account for $2,761,245 of total revenue; see the IRS return.
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$41,663
VIII-12 Total revenueRelated to mission $2,802,908 · Unrelated business $0 · Excluded from tax $0$2,802,908
Part IX · Statement of functional expenses $2,627,121 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $312,537 · Management $0 · Fundraising $0$312,537
IX-6 Pay of disqualified personsPrograms $1,151,821 · Management $0 · Fundraising $0$1,151,821
IX-9 Other employee benefitsPrograms $32,304 · Management $0 · Fundraising $0$32,304
IX-10 Payroll taxesPrograms $114,867 · Management $0 · Fundraising $0$114,867
IX-11a Management feesPrograms $2,180 · Management $245 · Fundraising $0$2,425
IX-11b Legal feesPrograms $48,732 · Management $0 · Fundraising $0$48,732
IX-12 Advertising and promotionPrograms $11,641 · Management $0 · Fundraising $0$11,641
IX-13 Office expensesPrograms $8,758 · Management $0 · Fundraising $0$8,758
IX-16 OccupancyPrograms $217,209 · Management $0 · Fundraising $0$217,209
IX-17 TravelPrograms $2,825 · Management $0 · Fundraising $0$2,825
IX-22 Depreciation, depletion and amortizationPrograms $33,235 · Management $0 · Fundraising $0$33,235
IX-23 InsurancePrograms $41,813 · Management $0 · Fundraising $0$41,813
IX-24 Other expenses (24a–d)Programs $3,116 · Management $901 · Fundraising $0$4,017
IX-24e All other expensesPrograms $583,347 · Management $61,590 · Fundraising $0$644,937
IX-25 Total functional expensesPrograms $2,564,385 · Management $62,736 · Fundraising $0$2,627,121
Part X · Balance sheet $2,081,177 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $168,746$76,574
X-2 Savings and temporary cash investmentsStart of year $1,174,594$620,257
X-4 Accounts receivableStart of year $47,979$361,520
X-10c Land, buildings and equipment, netStart of year $42,544$953,826
X-15 Other assetsStart of year $86,600$69,000
X-16 Total assetsStart of year $1,520,463$2,081,177
X-17 Accounts payable and accrued expensesStart of year $38,980$50
X-25 Other liabilitiesStart of year $9,735$30,829
X-26 Total liabilitiesStart of year $48,715$30,879
X-27 Net assets without donor restrictionsStart of year $1,471,748$2,050,298
X-32 Total net assets or fund balancesStart of year $1,471,748$2,050,298
X-33 Total liabilities and net assetsStart of year $1,520,463$2,081,177
Part XI · Reconciliation of net assets $2,050,298 net assets at year end
XI-1 Total revenue$2,802,908
XI-2 Total expenses$2,627,121
XI-3 Revenue less expenses$175,787
XI-4 Net assets at start of year$1,471,748
XI-8 Prior period adjustments$402,763
XI-10 Net assets at end of year$2,050,298

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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