LOVING HEARTS FOR CHRIST BEAR CLOS… - Form 990 Financial Data

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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

2022

Legal Domicile

Principal Officer

RICHARD A GORDON

Phone

8284134359

Tax Period

2024-01-01 to 2024-12-31

LOVING HEARTS FOR CHRIST BEAR CLOSET, founded in 2022, is a micro nonprofit in the Human Services sector that reported $71K in total revenue in fiscal year 2024. The organization ran a surplus of $37K, a strong 52% operating margin.

Mission

To enhance the quality of life for families with children in need by providing essential hygiene products, equipment, nutrition, and resources.

Program Service Accomplishments

Program 1

Expenses: $34,212

To enhance the quality of life for families with children in need by providing essential hygiene products, equipment, nutrition, and resources

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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 $65,895

Program Service Revenue $8,404

Investment Income $0

Other Revenue $-3,129

TOTAL REVENUE $71,170

Expense Breakdown

Grants Paid $11,106

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,212

Other Expenses $23,106

TOTAL EXPENSES $34,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,170	N/A	N/A
Expenses	$34,212	N/A	N/A
Net Income	$36,958	N/A	N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Philista Gossett	President	005.00	Director	$0	$0	$0
Jessica Swafford	Vice President	005.00	Officer	$0	$0	$0
Danielle Gossett	Secretary	005.00	Officer	$0	$0	$0
Arrick Gordon	Treasurer	005.00	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
2024	$71,170	$34,212	$41,278	$36,958

LOVING HEARTS FOR CHRIST BEAR CLOSET