LOVE INC

EIN: 272466631 501(c)(3) Human Services

Shelby, MI

Total Revenue
$260,867
Total Expenses
$247,480
Total Assets
$241,194
Net Assets
$239,994
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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
2000
Legal Domicile
MI
Phone
2318614880
Tax Period
2025-01-01 to 2025-12-31

LOVE INC, founded in 2000, is a small nonprofit in the Human Services sector that reported $261K in total revenue in fiscal year 2025. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $247K left a modest 5% surplus.

Mission

TO TRANSFORM LIVES AND COMMUNITIES 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $77,429
Program Service Revenue $0
Investment Income $10,052
Other Revenue $173,386
TOTAL REVENUE $260,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $182,155
Fundraising Expenses $0
Program Expenses $247,480
Other Expenses $65,325
TOTAL EXPENSES $247,480

Year-over-Year Comparison

2025 2024 Change
Revenue $260,867 $218,779 +0.2%
Expenses $247,480 $228,829 +0.1%
Net Income $13,387 $-10,050 -2.3%
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

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Governance

Voting Members
8
Independent Members
8
Employees
14
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
5
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID RASKOSKY EXECUTIVE DIRECTOR 30.00
Officer Director
$0 $0 $0
BOB GRAY VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
GARY PETERSON SECRETARY 5.00
Officer Director
$0 $0 $0
LORI RAY PRESIDENT 5.00
Officer Director
$0 $0 $0
JO BELKNAP DIRECTOR 2.00
Director
$0 $0 $0
DIANE ADEMA TREASURER 2.00
Officer Director
$0 $0 $0
JEAN FLEMING DIRECTOR 2.00
Director
$0 $0 $0
MARY BECKMAN DIRECTOR 2.00
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 $260,867 $247,480 $241,194 $13,387
2024 $218,779 $228,829 $226,607 $-10,050
2023 $240,727 $219,026 $232,926 $21,701
2022 $317,464 $294,769 $210,525 $22,695
2021 $269,731 $208,629 $211,315 $61,102
2020 $260,480 $234,991 $227,356 $25,489
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