Loving On Purpose (EIN 261600734) - 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

2008

Legal Domicile

Principal Officer

Danny Silk

Phone

5302466000

Tax Period

2024-01-01 to 2024-12-31

Loving On Purpose, founded in 2008, is a community nonprofit in the Religion sector that reported $1.0M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 17% operating deficit.

Mission

The organization provides Christian ministry, teaching and demonstrations of the Gospel of Jesus Christ via seminar presentations and online classes.

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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 $459,719

Program Service Revenue $565,285

Investment Income $0

Other Revenue $-2,710

TOTAL REVENUE $1,022,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $612,484

Fundraising Expenses $0

Program Expenses $1,087,677

Other Expenses $583,002

TOTAL EXPENSES $1,195,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,022,294	$1,250,098	-0.2%
Expenses	$1,195,486	$1,226,227	0.0%
Net Income	$-173,192	$23,871	-8.3%

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

N/A

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

$122,471

Total Directors

$209,993

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Danny Silk	CEO	50.00	Officer Director	$122,471	$0	$122,471
Brittney Serpell	Director	40.00	Director	$87,522	$0	$87,522
Sheri Silk	CFO	10.00	Officer Director	$0	$0	$0
Bob Hasson	Director	2.00	Director	$0	$0	$0
Jared Cullop	Director	2.00	Director	$0	$0	$0
Eric Knopf	Director	2.00	Director	$0	$0	$0
Margaret Nagib	Director	0.00	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
2024	$1,022,294	$1,195,486	$240,237	$-173,192
2023	$1,250,098	$1,226,227	$382,092	$23,871
2022	$958,263	$972,864	$331,001	$-14,601
2021	$825,114	$807,304	$384,403	$17,810
2020	$1,090,497	$994,927	$370,332	$95,570
2019	$1,037,536	$976,053	$250,921	$61,483

Loving On Purpose