LOVE INC OF GREATER SHELDON (EIN 010729841) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

PASTOR DAVE VAN KLEY

Phone

7123249707

Tax Period

2024-01-01 to 2024-12-31

LOVE INC OF GREATER SHELDON, founded in 2001, is a small nonprofit in the Human Services sector that reported $229K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $526K represent 28 months of operating reserves.

Mission

LOVE INC. OF GREATER SHELDON'S MISSION IS TO MOBILIZE LOCAL CHURCHES TO TRANSFORM LIVES AND COMMUNITIES IN THE NAME OF CHRIST.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $190,120

Program Service Revenue $2,107

Investment Income $5,473

Other Revenue $31,358

TOTAL REVENUE $229,058

Expense Breakdown

Grants Paid $23,444

Salaries & Benefits $133,003

Fundraising Expenses $10,275

Program Expenses $165,158

Other Expenses $69,354

TOTAL EXPENSES $225,801

Year-over-Year Comparison

	2024	2023	Change
Revenue	$229,058	$209,025	+0.1%
Expenses	$225,801	$248,568	-0.1%
Net Income	$3,257	$-39,543	-1.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

420

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PASTOR DAVE VAN KLEY	BOARD CHAIRM	0.50	Officer Director	$0	$0	$0
CHERYL BETHKE	VICE-ALL	0.50	Officer Director	$0	$0	$0
LINDSEY NIEUWENDORP	TREASURER	0.50	Officer Director	$0	$0	$0
AMBER THIES	SECRETARY	0.50	Officer Director	$0	$0	$0
CHAD HAMILL	DIRECTOR	0.50	Director	$0	$0	$0
COREY ROZENBOOM	DIRECTOR	0.50	Director	$0	$0	$0
SUE FONKERT	DIRECTOR	0.50	Director	$0	$0	$0
PATRICIA VAN ESS	DIRECTOR	0.50	Director	$0	$0	$0
RYAN POSTMA	DIRECTOR	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$229,058	$225,801	$528,741	$3,257
2023	$209,025	$248,568	$525,350	$-39,543
2022	$199,545	$196,787	$565,555	$2,758
2021	$209,331	$177,582	$562,280	$31,749
2020	$215,961	$169,028	$529,568	$46,933
2019	$207,089	$182,213	$603,427	$24,876
2018	$175,701	$160,738	$577,598	$14,963

LOVE INC OF GREATER SHELDON