LOVE INC OF BOONE COUNTY INC (EIN 205072512) - 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

2007

Legal Domicile

Principal Officer

CRAIG CARRELL

Phone

7654826152

Tax Period

2024-01-01 to 2024-12-31

LOVE INC OF BOONE COUNTY INC, founded in 2007, is a small nonprofit in the Human Services sector that reported $279K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum.

Mission

TO MOBILIZE AREA CHURCHS 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 $276,833

Program Service Revenue $0

Investment Income $87

Other Revenue $2,289

TOTAL REVENUE $279,209

Expense Breakdown

Grants Paid $1,098

Salaries & Benefits $158,272

Fundraising Expenses $50,220

Program Expenses $175,283

Other Expenses $124,426

TOTAL EXPENSES $283,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$279,209	$216,046	+0.3%
Expenses	$283,796	$262,112	+0.1%
Net Income	$-4,587	$-46,066	-0.9%

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

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

$56,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACI HOFFMAN	EXEC DIRECTO	40.00	Officer	$56,208	$0	$56,208
DAVID BRUCE	TREASURER	3.00	Officer Director	$0	$0	$0
CRAIG CARRELL	CHAIRMAN	3.00	Officer Director	$0	$0	$0
BILL MCPERSON	SECRETARY	3.00	Director	$0	$0	$0
BERNIE TERHUNE	VICE CHAIR	3.00	Officer Director	$0	$0	$0
STEVE VITANIEMI	DIRECTOR	3.00	Officer 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	$279,209	$283,796	$372,450	$-4,587
2023	$216,046	$262,112	$377,037	$-46,066
2022	$297,330	$247,506	$423,103	$49,824
2021	$251,234	$211,699	$373,279	$39,535
2020	$324,360	$206,381	$333,744	$117,979
2019	$203,015	$175,985	$215,765	$27,030
2018	$205,356	$158,117	$188,735	$47,239

LOVE INC OF BOONE COUNTY INC