LOVE LIGHT AND MELODY (EIN 208894342) - 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

BRAD CORRIGAN

Phone

5025925740

Tax Period

2024-10-01 to 2025-09-30

LOVE LIGHT AND MELODY, founded in 2006, is a small nonprofit in the Human Services sector that reported $437K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO RAISE FUNDS AND AWARENESS FOR THE CHILDREN LIVING AND WORKING IN TRASH DUMP COMMUNITIES IN MANAGUA, NICARAGUA. WE BELIEVE THAT EVERY CHILD DESERVES TO LEARN, GROW AND WRITE THEIR OWN STORY.

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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 $422,628

Program Service Revenue $13,299

Investment Income $887

Other Revenue $0

TOTAL REVENUE $436,814

Expense Breakdown

Grants Paid $113,608

Salaries & Benefits $111,648

Fundraising Expenses $75,330

Program Expenses $339,569

Other Expenses $237,101

TOTAL EXPENSES $462,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$436,814	$398,768	+0.1%
Expenses	$462,357	$712,203	-0.4%
Net Income	$-25,543	$-313,435	-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

N/A

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

$104,400

Total Directors

$104,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD CORRIGAN	PRESIDENT/FO	40.00	Officer Director	$104,400	$0	$104,400
JUSTIN MARVIN CAMPBELL IV	TREASURER	1.00	Officer Director	$0	$0	$0
ALLIE CANDICE DEMARTINO	BOARD MEMBER	1.00	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
2025	$436,814	$462,357	$48,648	$-25,543
2024	$398,768	$712,203	$86,858	$-313,435
2023	$322,796	$580,554	$394,338	$-257,758
2022	$559,644	$489,759	$638,457	$69,885
2021	$378,978	$376,693	$567,519	$2,285
2020	$123,344	$398,870	$565,315	$-275,526
2019	$980,602	$267,629	$841,059	$712,973
2018	$255,996	$297,720	$127,617	$-41,724

LOVE LIGHT AND MELODY