LOVE INC OF BREVARD INC (EIN 364512166) - 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

2003

Legal Domicile

Principal Officer

SCOTT DIXON

Phone

3212539542

Tax Period

2023-01-01 to 2023-12-31

LOVE INC OF BREVARD INC, founded in 2003, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 8% surplus.

Mission

THE MISSION OF LOVE INC IS TO MOBILIZE LOCAL CHURCHES TO TRANSFORM LIVES IN THE NAME OF CHRIST, IN PARTNERSHIP WITH NETWORK CHURCHES, AGENCIES, BUSINESSES AND INDIVIDUALS.

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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 $1,241,509

Program Service Revenue $589,126

Investment Income $10,300

Other Revenue $8,836

TOTAL REVENUE $1,849,771

Expense Breakdown

Grants Paid $77,820

Salaries & Benefits $584,203

Fundraising Expenses $28,480

Program Expenses $1,404,790

Other Expenses $1,035,458

TOTAL EXPENSES $1,697,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,849,771	$1,414,697	+0.3%
Expenses	$1,697,481	$1,484,017	+0.1%
Net Income	$152,290	$-69,320	-3.2%

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

268

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

$73,461

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTY STUART	EXECUTIVE DI	40.00	Officer	$73,461	$0	$73,461
SCOTT DIXON	VICE CHAIR	0.69	Officer Director	$0	$0	$0
FLORIDA HOLBERT	BOARD MEMBER	0.69	Director	$0	$0	$0
MARK KENDALL	BOARD CHAIR	0.69	Officer Director	$0	$0	$0
GLORIA LOREY	TREASURER	0.69	Officer Director	$0	$0	$0
JANIE MCDERMOTT	SECRETARY	0.69	Officer Director	$0	$0	$0
REBECCA SCHULTZ	BOARD MEMBER	0.69	Director	$0	$0	$0
LESLI SMITH	BOARD MEMBER	0.69	Director	$0	$0	$0
CHRIS WALDROP	BOARD MEMBER	0.69	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	$1,849,771	$1,697,481	$659,112	$152,290
2022	$1,414,697	$1,484,017	$353,980	$-69,320
2021	$1,265,908	$1,128,851	$378,897	$137,057
2020	$879,530	$870,757	$295,109	$8,773
2019	$883,392	$838,165	$230,966	$45,227
2018	$717,581	$692,937	$184,091	$24,644

LOVE INC OF BREVARD INC