LOVE INC OF EASTERN CARVER COUNTY (EIN 205544147) - 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

2006

Legal Domicile

Principal Officer

ALAN NORBY

Phone

9524482508

Tax Period

2023-01-01 to 2023-12-31

LOVE INC OF EASTERN CARVER COUNTY, founded in 2006, is a small nonprofit in the Religion sector that reported $575K in total revenue in fiscal year 2023. Expenses of $535K left a modest 7% surplus.

Mission

LOVE INC MOBILIZIES CHURCHES TO TRANSFORM LIVES AND COMMUNITY 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 (2023)

Revenue Breakdown

Contributions & Grants $366,941

Program Service Revenue $213,627

Investment Income $6,179

Other Revenue $-11,729

TOTAL REVENUE $575,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,769

Fundraising Expenses $84,337

Program Expenses $405,075

Other Expenses $331,217

TOTAL EXPENSES $534,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$575,018	$536,921	+0.1%
Expenses	$534,986	$518,346	+0.0%
Net Income	$40,032	$18,575	+1.2%

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

750

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

$102,548

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES LEONE	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
ROBERT CHATMAS	DIRECTOR	5.00	Director	$0	$0	$0
PAUL TUREK	DIRECTOR	5.00	Director	$0	$0	$0
MARK SULLIVAN	DIRECTOR	1.50	Director	$0	$0	$0
CHUCK WARTA	DIRECTOR	1.50	Director	$0	$0	$0
ALAN NORBY	EXECUTIVE DIRECTOR	40.00	Officer	$87,645	$14,903	$102,548

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	$575,018	$534,986	$156,831	$40,032
2022	$536,921	$518,346	$119,800	$18,575
2021	$540,472	$485,210	$104,225	$55,262
2020	$415,546	$412,029	$51,963	$3,517
2019	$287,925	$324,431	$37,486	$-36,506
2018	$287,084	$319,068	$74,366	$-31,984

LOVE INC OF EASTERN CARVER COUNTY