Lifelinx Corporation
Lifelinx Corporation consistently operates at a deficit, with liabilities exceeding assets in recent years.
EIN: 10851113 · Guilford, CT · NTEE: F20 · Updated: 2026-03-27
Is Lifelinx Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lifelinx Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lifelinx Corporation
Lifelinx Corporation (EIN: 10851113) is a nonprofit organization based in Guilford, CT, classified under NTEE code F20. The organization reported total revenue of $107K and total assets of $917K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lifelinx Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lifelinx Corporation is a small nonprofit that has been operating for 20 years, with 11 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of 6.8%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $107K |
| Total Expenses | $118K |
| Surplus / Deficit | $-10,919 |
| Total Assets | $917K |
| Total Liabilities | $989K |
| Net Assets | $-71,629 |
| Operating Margin | -10.2% |
| Debt-to-Asset Ratio | 107.8% |
| Months of Reserves | 93.4 months |
Financial Health Grade: C
In 2021, Lifelinx Corporation reported a deficit of $11K with expenses exceeding revenue, holds 93.4 months of operating reserves (strong position), has a debt-to-asset ratio of 107.8% (high leverage).
Financial Trends
Over 11 years of filings (2011–2021), Lifelinx Corporation's revenue has grown at a compound annual growth rate (CAGR) of 6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -52.4% | -43.5% | -8.2% |
| 2020 | +6.2% | -11.5% | +19.7% |
| 2019 | +12.9% | +4.3% | -12.9% |
| 2018 | -9.6% | -10.3% | +12.4% |
| 2017 | +6.9% | +7.9% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Lifelinx Corporation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Lifelinx Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 107.8%.
Executive Compensation Analysis
No officer compensation has been reported across all available filings, which could indicate a volunteer-led executive team or that compensation is categorized differently, impacting the clarity of executive remuneration.
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 Lifelinx Corporation's IRS 990 filings:
- Consistent operational deficits (8 out of 10 years)
- Liabilities consistently exceed assets, indicating negative net assets
- Significant revenue decline from $224,571 in 2020 to $106,870 in 2021
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for Lifelinx Corporation:
- No reported officer compensation, potentially indicating volunteer leadership
- Long history of IRS 990 filings (11 filings), suggesting compliance with reporting requirements
Frequently Asked Questions about Lifelinx Corporation
Is Lifelinx Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Lifelinx Corporation (EIN: 10851113) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Lifelinx Corporation spend its money?
Lifelinx Corporation directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Lifelinx Corporation tax-deductible?
Lifelinx Corporation is registered as a tax-exempt nonprofit (EIN: 10851113). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Lifelinx Corporation financially sustainable given its consistent deficits?
The organization has reported expenses exceeding revenue in 8 out of the last 10 periods, including a $10,919 deficit in 2021. This consistent operational loss raises significant concerns about its long-term financial sustainability.
Why do liabilities consistently exceed assets?
In 2021, liabilities were $988,554 while assets were $916,925, resulting in negative net assets. This trend is observed in multiple years (e.g., 2021, 2019, 2018, 2017, 2016, 2015, 2014, 2013), indicating a structural financial imbalance where the organization owes more than it owns.
What is the impact of zero reported officer compensation?
Zero reported officer compensation could mean that executive leadership is entirely volunteer-based, which is positive for resource allocation. However, without further detail, it could also obscure compensation if it's reported under other expense lines, potentially affecting transparency.
How does the organization cover its operational deficits?
With consistent deficits, the organization would likely be drawing down on reserves, incurring debt, or relying on non-operating income not reflected in the provided revenue figures to cover the gap between expenses and revenue.
Filing History
IRS 990 filing history for Lifelinx Corporation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2021), Lifelinx Corporation's revenue has grown by 92.5%, moving from $56K to $107K. Total assets increased by 1.1% over the same period, from $907K to $917K. Total functional expenses rose by 98.7%, from $59K to $118K. In its most recent filing year (2021), Lifelinx Corporation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $989K in liabilities against $917K in assets (debt-to-asset ratio: 107.8%), resulting in net assets of $-71,629.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $107K | $118K | $917K | $989K | — | View 990 |
| 2020 | $225K | $208K | $999K | $989K | — | — |
| 2019 | $211K | $235K | $834K | $1.0M | — | View 990 |
| 2018 | $187K | $226K | $958K | $1.1M | — | View 990 |
| 2017 | $207K | $252K | $852K | $988K | — | — |
| 2016 | $194K | $233K | $887K | $977K | — | View 990 |
| 2015 | $241K | $269K | $918K | $969K | — | View 990 |
| 2014 | $255K | $276K | $841K | $871K | — | View 990 |
| 2013 | $217K | $245K | $853K | $862K | — | View 990 |
| 2012 | $229K | $225K | $900K | $880K | — | View 990 |
| 2011 | $56K | $59K | $907K | $891K | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $107K, expenses of $118K, and assets of $917K (revenue -52.4% year-over-year).
- 2020: Revenue of $225K, expenses of $208K, and assets of $999K (revenue +6.2% year-over-year).
- 2019: Revenue of $211K, expenses of $235K, and assets of $834K (revenue +12.9% year-over-year).
- 2018: Revenue of $187K, expenses of $226K, and assets of $958K (revenue -9.6% year-over-year).
- 2017: Revenue of $207K, expenses of $252K, and assets of $852K (revenue +6.9% year-over-year).
- 2016: Revenue of $194K, expenses of $233K, and assets of $887K (revenue -19.6% year-over-year).
- 2015: Revenue of $241K, expenses of $269K, and assets of $918K (revenue -5.4% year-over-year).
- 2014: Revenue of $255K, expenses of $276K, and assets of $841K (revenue +17.3% year-over-year).
- 2013: Revenue of $217K, expenses of $245K, and assets of $853K (revenue -5.1% year-over-year).
- 2012: Revenue of $229K, expenses of $225K, and assets of $900K (revenue +312.0% year-over-year).
- 2011: Revenue of $56K, expenses of $59K, and assets of $907K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lifelinx Corporation:
Data Sources and Methodology
This transparency report for Lifelinx Corporation 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.