Love Inc of Greater Hammond (EIN 351835448) - 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

1983

Legal Domicile

Principal Officer

Bonnie K Rimpson

Phone

2199232775

Tax Period

2023-01-01 to 2023-12-31

Love Inc of Greater Hammond, founded in 1983, is a micro nonprofit that reported $76K in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $19K, a strong 24% operating margin.

Mission

Our mission is to mobilize local churches to transform live and communites 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $76,093

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $76,093

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,243

Fundraising Expenses $0

Program Expenses $1,461

Other Expenses $21,349

TOTAL EXPENSES $57,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,093	$55,538	+0.4%
Expenses	$57,592	$47,895	+0.2%
Net Income	$18,501	$7,643	+1.4%

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

Volunteers

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

$22,880

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bonnie K Rimpson	Executive Dir.	22.00	Director	$22,880	$0	$22,880
Robert D Pelino	Treasurer	2.00	Director	$0	$0	$0
Allan Gadberry	President	2.00	Director	$0	$0	$0
Julie Osbourn	Secretary	2.00	Director	$0	$0	$0
Mary Leep	Trustee	2.00	Director	$0	$0	$0
Paul Nicholosi	Trustee	2.00	Director	$0	$0	$0
Tim Porter	Trustee	2.00	Director	$0	$0	$0
Anne Bawinkel	Executive Director	22.00		$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
2023	$76,093	$57,592	$252,708	$18,501
2022	$55,538	$47,895	$239,299	$7,643
2021	$53,879	$55,099	$237,670	$-1,220

Love Inc of Greater Hammond