Traverse Life Center
Traverse Life Center shows consistent revenue growth and strong asset accumulation with no executive compensation.
EIN: 203600333 · Traverse City, MI · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $276K |
| Total Expenses | $202K |
| Program Spending | 85% |
| Net Assets | $214K |
| Transparency Score | 92/100 |
Is Traverse Life Center Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Traverse Life Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Traverse Life Center
Traverse Life Center (EIN: 203600333) is a nonprofit organization based in Traverse City, MI, classified under NTEE code P80. The organization reported total revenue of $276K and total assets of $248K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Traverse Life Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Traverse Life Center is a small nonprofit that has been operating for 7 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of 12.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $270K |
| Total Expenses | $202K |
| Surplus / Deficit | +$68K |
| Total Assets | $214K |
| Net Assets | $214K |
| Operating Margin | 25.1% |
| Months of Reserves | 12.7 months |
Financial Health Grade: A
In 2023, Traverse Life Center reported a surplus of $68K with revenue exceeding expenses, holds 12.7 months of operating reserves (strong position).
Financial Trends
Over 10 years of filings (2014–2023), Traverse Life Center's revenue has grown at a compound annual growth rate (CAGR) of 12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.8% | +10.9% | +46.5% |
| 2022 | -0.6% | +16.4% | +44.4% |
| 2021 | +58.4% | +24.8% | +226.5% |
| 2020 | +4.3% | -7.9% | +155.9% |
| 2019 | +2.8% | +3.0% | +21.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
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 Traverse Life Center with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Traverse Life Center allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $68K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's leadership is either volunteer-based or compensated through other means not reported as officer compensation, which is highly unusual for an organization of this size and suggests a strong dedication to mission over personal gain.
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.
Strengths
The following positive indicators were identified for Traverse Life Center:
- Consistent revenue growth, from $91,685 in 2014 to $270,147 in 2023.
- Strong asset accumulation, growing from $39,464 in 2014 to $214,137 in 2023.
- Zero liabilities reported across all available filings, indicating excellent financial stability.
- 0% officer compensation reported, suggesting high dedication to mission and efficient use of funds.
- Expenses consistently lower than revenue in recent years, leading to healthy surpluses.
Frequently Asked Questions about Traverse Life Center
Is Traverse Life Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Traverse Life Center (EIN: 203600333) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Traverse Life Center spend its money?
Traverse Life Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Traverse Life Center tax-deductible?
Traverse Life Center is registered as a tax-exempt nonprofit (EIN: 203600333). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Traverse Life Center compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Traverse Life Center is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Traverse Life Center located?
Traverse Life Center is headquartered in Traverse City, Michigan and files with the IRS under EIN 203600333. It is classified under NTEE code P80.
How many years of IRS 990 filings does Traverse Life Center have?
Traverse Life Center has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $276K in total revenue.
Is Traverse Life Center a good charity?
Based on the financial data, Traverse Life Center appears to be a very good charity. It demonstrates consistent revenue growth, strong asset accumulation, zero liabilities, and no reported officer compensation, all of which are positive indicators of financial health and mission focus.
How has Traverse Life Center's financial health changed over time?
Traverse Life Center has shown significant financial improvement over time. Revenue has grown from $91,685 in 2014 to $270,147 in 2023, and assets have increased from $39,464 to $214,137 in the same period, indicating strong and sustained growth.
What is Traverse Life Center's approach to executive compensation?
Traverse Life Center consistently reports 0% officer compensation across all filings, suggesting a volunteer-led executive team or a compensation structure that does not fall under typical officer compensation reporting, which is a strong indicator of dedication to mission.
Filing History
IRS 990 filing history for Traverse Life Center showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Traverse Life Center's revenue has grown by 194.6%, moving from $92K to $270K. Total assets increased by 442.6% over the same period, from $39K to $214K. Total functional expenses rose by 141.7%, from $84K to $202K. In its most recent filing year (2023), Traverse Life Center reported a surplus of $68K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $270K | $202K | $214K | $0 | — | — |
| 2022 | $227K | $182K | $146K | $0 | — | View 990 |
| 2021 | $229K | $157K | $101K | $0 | — | View 990 |
| 2020 | $144K | $126K | $31K | $0 | — | View 990 |
| 2019 | $138K | $136K | $12K | $0 | — | View 990 |
| 2018 | $135K | $132K | $10K | $0 | — | View 990 |
| 2017 | $127K | $137K | $8K | $0 | — | View 990 |
| 2016 | $113K | $130K | $18K | $0 | — | View 990 |
| 2015 | $65K | $69K | $36K | $379 | — | View 990 |
| 2014 | $92K | $84K | $39K | $379 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $270K, expenses of $202K, and assets of $214K (revenue +18.8% year-over-year).
- 2022: Revenue of $227K, expenses of $182K, and assets of $146K (revenue -0.6% year-over-year).
- 2021: Revenue of $229K, expenses of $157K, and assets of $101K (revenue +58.4% year-over-year).
- 2020: Revenue of $144K, expenses of $126K, and assets of $31K (revenue +4.3% year-over-year).
- 2019: Revenue of $138K, expenses of $136K, and assets of $12K (revenue +2.8% year-over-year).
- 2018: Revenue of $135K, expenses of $132K, and assets of $10K (revenue +6.1% year-over-year).
- 2017: Revenue of $127K, expenses of $137K, and assets of $8K (revenue +12.6% year-over-year).
- 2016: Revenue of $113K, expenses of $130K, and assets of $18K (revenue +73.5% year-over-year).
- 2015: Revenue of $65K, expenses of $69K, and assets of $36K (revenue -29.2% year-over-year).
- 2014: Revenue of $92K, expenses of $84K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Traverse Life Center:
Data Sources and Methodology
This transparency report for Traverse Life Center 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.