LOVE INC OF DOUGLAS CO LAKES AREA

EIN: 208963495 501(c)(3) Human Services

ALEXANDRIA, MN

Total Revenue
$210,814
Total Expenses
$231,146
Total Assets
$418,027
Net Assets
$414,625
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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
MN
Principal Officer
KIM DETERDING
Phone
3207593022
Tax Period
2024-01-01 to 2024-12-31

LOVE INC OF DOUGLAS CO LAKES AREA, founded in 2007, is a small nonprofit in the Human Services sector that reported $211K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

ORGANIZE AND COORDINATE CHURCHES TO MEET COMMUNITY NEEDS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $148,651
Program Service Revenue $5,402
Investment Income $496
Other Revenue $56,265
TOTAL REVENUE $210,814

Expense Breakdown

Grants Paid $0
Salaries & Benefits $174,754
Fundraising Expenses $0
Program Expenses $53,079
Other Expenses $56,392
TOTAL EXPENSES $231,146

Year-over-Year Comparison

2024 2023 Change
Revenue $210,814 $234,241 -0.1%
Expenses $231,146 $244,824 -0.1%
Net Income $-20,332 $-10,583 +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

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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
70

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
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAWN GREEN BOARD MEMBER N/A
Director
$0 $0 $0
LEONA HURIBUT BOARD MEMBER N/A
Director
$0 $0 $0
SHARLO MEYER BOARD MEMBER N/A
Director
$0 $0 $0
GREG SANDENO BOARD MEMBER N/A
Director
$0 $0 $0
SCOTT BERGER PRESIDENT N/A
Officer
$0 $0 $0
KIM DETERDING TREASURER N/A
Officer
$0 $0 $0
MARIA WAGGONER VICE PRESIDE N/A
Officer
$0 $0 $0
HOLLY WITT SECRETARY 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
2025 No data No data No data No data
2024 $210,814 $231,146 $418,027 $-20,332
2023 $234,241 $244,824 $440,521 $-10,583
2022 $229,529 $245,444 $449,206 $-15,915
2021 $238,227 $202,372 $463,200 $35,855
2020 $266,551 $195,923 $428,408 $70,628
2019 $221,811 $210,983 $357,726 $10,828
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