Life Skills Center Of Columbusnorth

Life Skills Center Of Columbusnorth consistently operates with liabilities significantly exceeding assets, despite reporting no officer compensation.

EIN: 205136699 · Fairlawn, OH · NTEE: B29 · Updated: 2026-03-28

$1.8MRevenue

$485KAssets

70/100Mission Score (Good)

B29

About Life Skills Center Of Columbusnorth

Life Skills Center Of Columbusnorth (EIN: 205136699) is a nonprofit organization based in Fairlawn, OH, classified under NTEE code B29. The organization reported total revenue of $1.8M and total assets of $485K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Life Skills Center Of Columbusnorth's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Life Skills Center Of Columbusnorth demonstrates consistent operational activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, revenues were $1,525,983 against expenses of $1,533,566, indicating a tight budget. The organization consistently reports 0% officer compensation, which is a significant positive for transparency and resource allocation directly to mission-related activities. However, a notable concern is the organization's high liabilities relative to its assets, consistently exceeding assets by a substantial margin, such as $1,260,253 in liabilities versus $570,922 in assets in 2023. This financial structure warrants closer examination to understand its long-term sustainability and the nature of these liabilities.

The organization's spending efficiency appears to prioritize its programs, given the lack of reported officer compensation. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation suggests a lean operational structure at the top. The consistent reporting of 0% officer compensation across all available filings is a strong indicator of financial transparency regarding executive pay. However, the persistent negative net assets (liabilities exceeding assets) could signal underlying financial pressures or a reliance on specific funding models that incur significant debt, which could impact future program delivery if not managed effectively.

Overall, Life Skills Center Of Columbusnorth exhibits strong transparency in executive compensation and a clear focus on its mission by not allocating funds to officer salaries. However, the long-standing imbalance between assets and liabilities, with liabilities consistently more than double assets in recent years, presents a significant financial risk that could affect its ability to sustain operations or expand programs. Further investigation into the nature of these liabilities is crucial for a complete understanding of its financial health.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Life Skills Center Of Columbusnorth with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Life Skills Center Of Columbusnorth allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size with revenues exceeding $1 million annually.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Life Skills Center Of Columbusnorth's IRS 990 filings:

Persistent and significant liabilities exceeding assets (e.g., $1,260,253 liabilities vs. $570,922 assets in 2023).
Consistent negative net asset position over multiple years, indicating potential long-term financial instability.
Unusually low or zero reported officer compensation for an organization of this revenue size, which could mask other forms of compensation or raise questions about leadership structure.

Strengths

The following positive indicators were identified for Life Skills Center Of Columbusnorth:

Consistent reporting of 0% officer compensation, indicating a strong commitment to directing funds away from executive salaries.
Stable revenue generation, consistently above $1 million annually for the past decade, demonstrating operational continuity.
Long filing history (13 filings), suggesting established operations and compliance with IRS reporting requirements.

Frequently Asked Questions about Life Skills Center Of Columbusnorth

What is the nature of the organization's significant and persistent liabilities?

The provided data consistently shows liabilities far exceeding assets (e.g., $1,260,253 liabilities vs. $570,922 assets in 2023). Understanding the composition of these liabilities (e.g., program-related debt, facility leases, loans) is crucial for assessing financial stability.

How does the organization sustain operations without any reported officer compensation?

The consistent reporting of 0% officer compensation is highly unusual for an organization with over $1 million in annual revenue. It raises questions about who manages the organization and how leadership is compensated, if at all, or if these roles are entirely volunteer-based.

What is the organization's strategy for addressing its negative net asset position?

With liabilities consistently outweighing assets, the organization has a negative net asset position. It's important to understand if there's a plan to improve this balance and ensure long-term financial solvency.

Filing History

IRS 990 filing history for Life Skills Center Of Columbusnorth showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Life Skills Center Of Columbusnorth's revenue has declined by 3.4%, moving from $1.6M to $1.5M. Total assets increased by 169.8% over the same period, from $212K to $571K. Total functional expenses fell by 3.2%, from $1.6M to $1.5M. In its most recent filing year (2023), Life Skills Center Of Columbusnorth reported a deficit of $8K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $571K in assets (debt-to-asset ratio: 220.7%), resulting in net assets of $-689,331.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.5M	$1.5M	$571K	$1.3M	—	—
2022	$1.4M	$1.4M	$662K	$1.3M	—	View 990
2021	$1.6M	$1.7M	$582K	$1.3M	—	View 990
2020	$1.3M	$1.4M	$457K	$1.1M	—	View 990
2019	$1.3M	$1.1M	$462K	$1.1M	—	View 990
2018	$1.1M	$736K	$400K	$1.2M	—	View 990
2017	$947K	$804K	$331K	$1.3M	—	View 990
2016	$947K	$929K	$229K	$1.4M	—	View 990
2015	$1.3M	$1.3M	$287K	$1.4M	—	View 990
2014	$1.5M	$1.5M	$134K	$24K	—	View 990
2013	$1.2M	$1.2M	$132K	$31K	—	View 990
2012	$1.3M	$1.3M	$205K	$82K	—	View 990
2011	$1.6M	$1.6M	$212K	$79K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.5M, expenses of $1.5M, and assets of $571K (revenue +5.7% year-over-year).
2022: Revenue of $1.4M, expenses of $1.4M, and assets of $662K (revenue -10.3% year-over-year).
2021: Revenue of $1.6M, expenses of $1.7M, and assets of $582K (revenue +23.1% year-over-year).
2020: Revenue of $1.3M, expenses of $1.4M, and assets of $457K (revenue +4.0% year-over-year).
2019: Revenue of $1.3M, expenses of $1.1M, and assets of $462K (revenue +9.5% year-over-year).
2018: Revenue of $1.1M, expenses of $736K, and assets of $400K (revenue +21.4% year-over-year).
2017: Revenue of $947K, expenses of $804K, and assets of $331K (revenue -0.1% year-over-year).
2016: Revenue of $947K, expenses of $929K, and assets of $229K (revenue -29.1% year-over-year).
2015: Revenue of $1.3M, expenses of $1.3M, and assets of $287K (revenue -11.5% year-over-year).
2014: Revenue of $1.5M, expenses of $1.5M, and assets of $134K (revenue +28.0% year-over-year).
2013: Revenue of $1.2M, expenses of $1.2M, and assets of $132K (revenue -7.8% year-over-year).
2012: Revenue of $1.3M, expenses of $1.3M, and assets of $205K (revenue -19.0% year-over-year).
2011: Revenue of $1.6M, expenses of $1.6M, and assets of $212K.

Data Sources and Methodology

This transparency report for Life Skills Center Of Columbusnorth is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.