GIFTS OF LOVE INC (EIN 061309318) - 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

1989

Legal Domicile

Principal Officer

ALBERT ROBERT WONG

Phone

8606762323

Tax Period

2023-01-01 to 2023-12-31

GIFTS OF LOVE INC, founded in 1989, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 15% surplus.

Mission

GIFTS OF LOVE HELPS MEET THE BASIC NEEDS OF INDIVIDUALS AND FAMILIES IN THE GREATER HARTFORD AREA EXPERIENCING A SHORT-TERM FINANCIAL CRISIS SO THEY CAN RETURN TO SELF-SUFFICIENCY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,198,974

Program Service Revenue $0

Investment Income $5,238

Other Revenue $118,945

TOTAL REVENUE $1,323,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $394,191

Fundraising Expenses $195,608

Program Expenses $614,415

Other Expenses $731,208

TOTAL EXPENSES $1,125,399

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,323,157	$954,654	+0.4%
Expenses	$1,125,399	$1,314,310	-0.1%
Net Income	$197,758	$-359,656	-1.5%

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

281

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

$93,907

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT ROBERT WONG	PRESIDENT	2.00	Officer Director	$0	$0	$0
LYDIA TEDONE	SECRETARY	2.00	Officer Director	$0	$0	$0
SEAN RILEY	TREASURER	2.00	Officer Director	$0	$0	$0
JAIME HEGARTY	DIRECTOR	1.00	Director	$0	$0	$0
JOAN KEMLER	DIRECTOR	1.00	Director	$0	$0	$0
NESTOR LEON	DIRECTOR	1.00	Director	$0	$0	$0
VAUGHN ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
CURTIS WILLIAMS	DIRECTOR	0.00	Director	$0	$0	$0
LISA GRAY	EXEC DIRECTOR	30.00	Officer	$93,907	$0	$93,907

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	No data	No data	No data	No data
2023	$1,323,157	$1,125,399	$1,447,909	$197,758
2022	$954,654	$1,314,310	$1,299,825	$-359,656
2021	$1,383,395	$1,271,473	$1,748,368	$111,922
2020	$1,114,510	$1,029,884	$1,710,645	$84,626
2019	$2,061,812	$1,538,597	$1,606,134	$523,215
2018	$1,746,801	$1,859,293	$1,022,434	$-112,492
2018	$1,847,924	$1,840,204	$1,142,646	$7,720

GIFTS OF LOVE INC