LOVE INC OF GREATER HANCOCK COUNTY

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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

2003

Legal Domicile

Principal Officer

TOM FERGUSON

Phone

3174686300

Tax Period

2023-01-01 to 2023-12-31

LOVE INC OF GREATER HANCOCK COUNTY, founded in 2003, is a small nonprofit in the Religion sector that reported $247K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 30% operating margin.

Mission

LOVE INC OF GREATER HANCOCK COUNTY IS A CLEARINGHOUSE WHOSE PURPOSE IS TO ASSIST INDIVIDUALS AND FAMILIES IN NEED BY WORKING WITH AREA AGENCIES AND CHURCHES. VOLUNTEERS PROVIDE INTAKE SERVICES TO INSURANCE APPLICANTS MEET PROGRAM GUIDELINES. APPLICANTS ARE REFERRED TO AGENCIES AND CHURCHES FOR ASSISTANCE OR LOVE, INC. MAY PROVIDE ASSISTANCE DIRECTLY. NO SERVICES ARE DUPLICATED THAT ARE OFFERED BY AGENCIES OR CHURCHES.

Program Service Accomplishments

Program 1

Revenue: $13,695

FINANCIAL ASSISTANCE PROVIDED FOR 3 WHEELCHAIR RAMPS, 30 HANDYMAN REPAIRS, 11 FAMILIES WHO NEEDED BABY ITEMS, 51 FAMILIES WHO NEEDED HELP WITH CLEANING SUPPLIES, PAPER PRODUCTS AND PERSONAL HYGIENE PRODUCTS, 3 FAMILIES HELPED WITH KITCHEN SUPPLIES, 52 FAMILIES WITH FOOD ITEMS, 13 FAMILIES WITH MEDICAL SUPPLIES, 68 FAMILIES HELPED WITH FURNITURE & APPLIANCES AND 24 GAS CARDS PROVIDED.

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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 $233,481

Program Service Revenue $0

Investment Income $1,673

Other Revenue $11,713

TOTAL REVENUE $246,867

Expense Breakdown

Grants Paid $0

Salaries & Benefits $128,277

Fundraising Expenses $0

Other Expenses $43,789

TOTAL EXPENSES $172,066

Year-over-Year Comparison

	2023	2022	Change
Revenue	$246,867	$180,113	+0.4%
Expenses	$172,066	$182,569	-0.1%
Net Income	$74,801	$-2,456	-31.5%

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

700

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
JENNIFER BRATTAIN	MEMBER	N/A	Director	$0	$0	$0
BRENT EATON	MEMBER	N/A	Director	$0	$0	$0
STEVE FOREMAN	MEMBER	N/A	Director	$0	$0	$0
JARIS HAMMOND	MEMBER	N/A	Director	$0	$0	$0
CYNDI HELFRICH	MEMBER	N/A	Director	$0	$0	$0
REV LARRY HOF	CHAIR	N/A	Officer Director	$0	$0	$0
MEGHANN HOLMES	MEMBER	N/A	Director	$0	$0	$0
ETHAN MAPLE	MEMBER	N/A	Director	$0	$0	$0
CHARLES MONTGOMERY	MEMBER	N/A	Director	$0	$0	$0
MARTY MORAN	ASST SECRETA	N/A	Director	$0	$0	$0
FRED FEISTER	SECRETARY	N/A	Officer	$0	$0	$0
TOM FERGUSON	TREASURER	N/A	Officer	$0	$0	$0
CLARA STARKEY	CHAIR	N/A	Officer	$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	No data	No data	No data	No data
2023	$246,867	$172,066	$413,889	$74,801
2022	$180,113	$182,569	$331,873	$-2,456
2021	$179,673	$166,981	$319,078	$12,692
2020	$163,067	$153,755	$308,961	$9,312
2019	$193,259	$152,580	$299,816	$40,679
2018	$214,606	$147,438	$263,778	$67,168