LOVE INC (EIN 341633609) - 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

1989

Legal Domicile

Principal Officer

JOSEPH CIRESI

Phone

4403225689

Tax Period

2023-01-01 to 2023-12-31

LOVE INC, founded in 1989, is a small nonprofit in the Human Services sector that reported $262K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

LOVE INC COORDINATES AVAILABLE ASSISTANCE FOR PEOPLE IN NEED. THIS ASSISTANCE COMES FROM CHURCHES, INDIVIDUALS, AND BUSINESSES.

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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 $192,828

Program Service Revenue $0

Investment Income $6,196

Other Revenue $63,005

TOTAL REVENUE $262,029

Expense Breakdown

Grants Paid $18,209

Salaries & Benefits $164,518

Fundraising Expenses $46,050

Program Expenses $162,185

Other Expenses $82,217

TOTAL EXPENSES $264,944

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,029	$234,542	+0.1%
Expenses	$264,944	$273,910	0.0%
Net Income	$-2,915	$-39,368	-0.9%

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

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

$60,468

Total Directors

$60,468

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE COLBERT	EXECUTIVE DI	40.00	Officer Director	$60,468	$0	$60,468
JOSEPH PANICO	TREASURER	2.00	Officer	$0	$0	$0
CARLA ROBINSON	PRESIDENT	2.00	Officer	$0	$0	$0
JACOB EDWARD WACKER	VICE-PRESIDE	2.00	Officer	$0	$0	$0
DAVID WOOLSEY	SECRETARY	2.00	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	No data	No data	No data	No data
2023	$262,029	$264,944	$251,532	$-2,915
2022	$234,542	$273,910	$254,447	$-39,368
2021	$246,060	$244,965	$293,815	$1,095
2020	$416,831	$205,729	$316,244	$211,102
2019	$206,164	$193,842	$81,618	$12,322
2018	$181,321	$175,882	$69,296	$5,439

LOVE INC