LOVE INC OF WESTERN SUBURBS CHICAGO (EIN 363377798) - 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

1985

Legal Domicile

Principal Officer

LINDA CARPENTER

Phone

6305128665

Tax Period

2023-01-01 to 2023-12-31

LOVE INC OF WESTERN SUBURBS CHICAGO, founded in 1985, is a small nonprofit in the Human Services sector that reported $198K in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION WAS FORMED IN 1985 AS A CLEARINGHOUSE FOR AN INTERDENOMINATIONAL NETWORK OF CHURCHES TO ASSIST THE NEEDY IN THEIR COMMUNITIES IN DUPAGE COUNTY, ILLINOIS. THE ORGANIZATION ENDEAVORS TO MATCH INDIVIDUALS AND FAMILIES IN NEED WITH CHURCHES, VOLUNTEERS AND COMMUNITY AGENCIES BY CLARIFYING NEEDS AND IDENTIFYING WAYS TO RESOLVE THOSE NEEDS.

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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 $192,560

Program Service Revenue $0

Investment Income $643

Other Revenue $4,594

TOTAL REVENUE $197,797

Expense Breakdown

Grants Paid $76,662

Salaries & Benefits $68,057

Fundraising Expenses $12,277

Program Expenses $158,683

Other Expenses $50,016

TOTAL EXPENSES $194,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,797	$189,987	+0.0%
Expenses	$194,735	$206,492	-0.1%
Net Income	$3,062	$-16,505	-1.2%

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

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
CHRIS VAUGHAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
LINDA CARPENTER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES VANHEKKEN	TREASURER	5.00	Officer Director	$0	$0	$0
REV JILL TERPSTRA	SECRETARY	1.00	Officer Director	$0	$0	$0
REV BARBARA KREHBIEL GEHRING	DIRECTOR	1.00	Director	$0	$0	$0
LISA VAUGHAN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY JENSEN	DIRECTOR	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$197,797	$194,735	$158,162	$3,062
2022	$189,987	$206,492	$154,501	$-16,505
2021	$297,366	$294,840	$171,006	$2,526
2020	$329,478	$273,617	$168,480	$55,861
2019	$220,258	$208,757	$112,619	$11,501
2018	$191,036	$212,056	$102,868	$-21,020

LOVE INC OF WESTERN SUBURBS CHICAGO