Lovesick Ministries (EIN 271292894) - 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

Principal Officer

Mary Solenberg

Phone

5804924777

Tax Period

2024-01-01 to 2024-12-31

Lovesick Ministries is a small nonprofit in the Religion sector that reported $170K in total revenue in fiscal year 2024. The organization ran a surplus of $59K, a strong 35% operating margin.

Mission

Outreach Ministry for Homeless

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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 $170,009

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $170,009

Expense Breakdown

Grants Paid $2,311

Salaries & Benefits $5,958

Fundraising Expenses $1,529

Program Expenses $103,514

Other Expenses $102,452

TOTAL EXPENSES $110,721

Year-over-Year Comparison

	2024	2023	Change
Revenue	$170,009	$160,657	+0.1%
Expenses	$110,721	$100,993	+0.1%
Net Income	$59,288	$59,664	0.0%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Mary Solenberg	President	Officer Director	$0	$0	$0
Austin Solenberg	Vice President	Officer Director	$0	$0	$0
Kristin Lassiter	Secretary	Officer Director	$0	$0	$0
Chad Lassiter	Treasurer	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
2025	No data	No data	No data	No data
2024	$170,009	$110,721	$458,283	$59,288
2023	$160,657	$100,993	$398,995	$59,664
2022	$136,005	$73,695	$396,634	$62,310

Lovesick Ministries