LOVE INC OF LAKE COUNTY (EIN 363975110) - 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

1994

Legal Domicile

Principal Officer

GARY GARLAND

Phone

8477828630

Tax Period

2024-01-01 to 2024-12-31

LOVE INC OF LAKE COUNTY, founded in 1994, is a small nonprofit in the Religion sector that reported $952K in total revenue in fiscal year 2024. Expenses of $862K left a modest 9% surplus.

Mission

TO MOBILIZE LOCAL CHURCHES TO TRANSFORM LIVES AND COMMUNITIES 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 (2024)

Revenue Breakdown

Contributions & Grants $759,289

Program Service Revenue $0

Investment Income $9,131

Other Revenue $183,893

TOTAL REVENUE $952,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $346,182

Fundraising Expenses $13,022

Program Expenses $722,588

Other Expenses $516,058

TOTAL EXPENSES $862,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$952,313	$927,581	+0.0%
Expenses	$862,240	$832,562	+0.0%
Net Income	$90,073	$95,019	-0.1%

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

600

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

$88,366

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT BROWN	DIRECTOR	5.00	Director	$0	$0	$0
LISAMARIE KESKAR	DIRECTOR	5.00	Director	$0	$0	$0
SCOTT BOLMAN	DIRECTOR	5.00	Director	$0	$0	$0
ERIK KARLSON	DIRECTOR	5.00	Director	$0	$0	$0
TOM SPAHN	DIRECTOR	5.00	Director	$0	$0	$0
PAM GLOVER	DIRECTOR	5.00	Director	$0	$0	$0
JOHN SKILLMAN	TREASURER	10.00	Officer Director	$0	$0	$0
CORA BUCKNER	CHAIR	10.00	Officer Director	$0	$0	$0
GARY GARLAND	EXECUTIVE DIRECTOR	40.00	Officer	$88,366	$0	$88,366

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	$952,313	$862,240	$1,381,625	$90,073
2023	$927,581	$832,562	$1,291,059	$95,019
2022	$777,322	$737,521	$1,195,987	$39,801
2021	$842,415	$708,984	$1,164,128	$133,431
2020	$621,897	$408,128	$1,026,586	$213,769
2019	$1,122,081	$415,944	$830,483	$706,137
2018	$404,123	$436,580	$106,672	$-32,457
2017	$532,164	$528,980	$139,581	$3,184

LOVE INC OF LAKE COUNTY