OPERATION LOVE MINISTRIES INC (EIN 311114443) - 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

1984

Legal Domicile

Principal Officer

CAROLE GREENWALT

Phone

7656442121

Tax Period

2023-01-01 to 2023-12-31

OPERATION LOVE MINISTRIES INC, founded in 1984, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $944K left a modest 6% surplus.

Mission

OPERATATION LOVE MINISTRIES REACHES OUT AS THE HANDS AND FEET OF CHRIST IN MADISON COUNTY BY PROVIDING TANGIBLE GOODS AND SERVICES TO THOSE IN NEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $981,617

Program Service Revenue $161

Investment Income $1,184

Other Revenue $23,533

TOTAL REVENUE $1,006,495

Expense Breakdown

Grants Paid $754,101

Salaries & Benefits $130,784

Fundraising Expenses $10,054

Program Expenses $878,515

Other Expenses $59,237

TOTAL EXPENSES $944,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,006,495	$897,676	+0.1%
Expenses	$944,122	$866,958	+0.1%
Net Income	$62,373	$30,718	+1.0%

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

Employees

Volunteers

319

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
CAROLE GREENWALT	Chair	5.00	Officer Director	$0	$0	$0
SHERRY MINTON	Vice Chair	3.00	Officer Director	$0	$0	$0
AMY DAVIS	Treasurer	1.00	Officer Director	$0	$0	$0
CAMI DAVIS	Secretary	1.00	Officer Director	$0	$0	$0
BOB GOUKER	Member	5.00	Director	$0	$0	$0
ART JAGGARD	Member	1.00	Director	$0	$0	$0
ANITA JACK	Member	1.00	Director	$0	$0	$0
LAWRENCE JOHNSON	Member	1.00	Director	$0	$0	$0
TRESSENA JONES	Member	1.00	Director	$0	$0	$0
JERRY LANDERS	Member	1.00	Director	$0	$0	$0
SARAH SHELER	Member	1.00	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	No data	No data	No data	No data
2023	$1,006,495	$944,122	$434,721	$62,373
2022	$897,676	$866,958	$375,163	$30,718
2021	$866,869	$840,135	$345,165	$26,734
2020	$652,338	$623,037	$337,050	$29,301
2019	$465,887	$465,638	$288,339	$249
2018	$548,391	$520,908	$287,278	$27,483

OPERATION LOVE MINISTRIES INC