Life Resources Of Northern Michigan Inc
Cadillac, Michigan
B+Health Score
68B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
💰
$560K
Total Revenue
📊
$426K
Total Expenses
🏦
$1.5M
Net Assets
📋
$26K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-7.2%
Year-over-year change (2022 → 2023)
Net Margin
+23.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
3.60
Net assets divided by total expenses
Liabilities-to-Assets
1.7%
Total liabilities as % of total assets
Filing History
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $559,606↓7% | $426,467↑15% | $1,559,580↑6% | |
| 2022 | $602,893↑7% | $370,058↑16% | $1,471,835↑15% | — |
| 2021 | $563,917↑10% | $319,242↓10% | $1,283,765↑6% | — |
| 2020 | $513,232↑10% | $353,278↑1% | $1,210,805↑9% | — |
| 2019 | $467,198↑16% | $350,693 | $1,113,053↑3% | — |
| 2018 | $404,059↓6% | $351,618↓28% | $1,078,320 | — |
| 2017 | $430,272↓14% | $487,465↓19% | $1,080,879↓7% | — |
| 2016 | $498,782↓18% | $598,661↑3% | $1,159,738↓5% | — |
| 2015 | $610,944↑8% | $580,348↑15% | $1,225,127↓3% | — |
| 2014 | $564,107↓14% | $504,922↑9% | $1,258,251↑91% | — |
| 2013 | $657,997↑43% | $462,708↓3% | $657,748↑20% | — |
| 2012 | $460,478↑8% | $476,200↑20% | $546,576↓4% | — |
| 2011 | $427,214↓6% | $395,557↑46% | $570,501↑8% | — |
| 2010 | $456,014 | $270,643 | $527,031 | — |
Frequently Asked Questions
What does Life Resources Of Northern Michigan Inc do?▼
Life Resources Of Northern Michigan Inc is a human services nonprofit organization based in Michigan. It is classified under NTEE code P40 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Life Resources Of Northern Michigan Inc financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Life Resources Of Northern Michigan Inc.
How much revenue does Life Resources Of Northern Michigan Inc generate?▼
Life Resources Of Northern Michigan Inc reports $603K in annual revenue and holds $1.7M in total assets, based on IRS filings.
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