LOVEWAY INC

EIN: 351326709 501(c)(3) Health Care

MIDDLEBURY, IN

Total Revenue
$1,116,851
Total Expenses
$1,050,855
Total Assets
$2,956,146
Net Assets
$2,953,051
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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
1973
Legal Domicile
IN
Principal Officer
SHELLEY BECKER
Phone
5748255666
Tax Period
2023-01-01 to 2023-12-31

LOVEWAY INC, founded in 1973, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 6% surplus.

Mission

EMPOWERING THE LIVES OF INDIVIDUALS WITH DISABILITIES THROUGH COMPASSIONATE EQUINE ASSISTED SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,085,229
Program Service Revenue $6,597
Investment Income $74,199
Other Revenue $-49,174
TOTAL REVENUE $1,116,851

Expense Breakdown

Grants Paid $0
Salaries & Benefits $588,319
Fundraising Expenses $145,389
Program Expenses $752,488
Other Expenses $462,536
TOTAL EXPENSES $1,050,855

Year-over-Year Comparison

2023 2022 Change
Revenue $1,116,851 $1,139,428 0.0%
Expenses $1,050,855 $804,484 +0.3%
Net Income $65,996 $334,944 -0.8%
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
13
Independent Members
13
Employees
27
Volunteers
140

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
$102,147
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHELLEY BECKER EXECUTIVE DI 40.00
Officer
$73,303 $28,844 $102,147
ADAM CHRISTOFFERSEN PRESIDENT 1.00
Officer Director
$0 $0 $0
MARK TAYLOR VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ROSS HOUGLAND TREASURER 1.00
Officer Director
$0 $0 $0
PATSY BOEHLER SECRETARY 1.00
Officer Director
$0 $0 $0
JENNIFER ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS CLEMENTZ BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW CUNNINGHAM BOARD MEMBER 1.00
Director
$0 $0 $0
MARY GRIMMER BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN HALL BOARD MEMBER 1.00
Director
$0 $0 $0
ROD HUMPHREYS BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER IRIONS BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE ANN KOTOWSKI BOARD MEMBER 1.00
Director
$0 $0 $0
JERYL MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN MORGAN BOARD MEMBER 1.00
Director
$0 $0 $0
MOLLY WELCH-MILLER BOARD MEMBER 1.00
Director
$0 $0 $0
KARI WELKER BOARD 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 $1,116,851 $1,050,855 $2,956,146 $65,996
2022 $1,139,428 $804,484 $2,847,946 $334,944
2021 $773,947 $564,543 $2,641,954 $209,404
2020 $1,432,170 $1,117,392 $2,449,285 $314,778
2019 $703,233 $567,335 $2,122,871 $135,898
2018 $671,909 $516,199 $1,923,959 $155,710
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