LOVE INC OF MUSKEGON COUNTY

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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

1982

Legal Domicile

Principal Officer

WADE RUMLEY

Phone

2317733448

Tax Period

2024-06-01 to 2025-05-31

LOVE INC OF MUSKEGON COUNTY, founded in 1982, is a community nonprofit in the Human Services sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum.

Mission

PROVIDE RELIEF SERVICES FOR PERSONS IN NEED AND LIFE SKILLS CLASSES FOR PERMANENT IMPACT.

Program Service Accomplishments

Program 1

Expenses: $1,023,970

CLEARINGHOUSE ASSISTANCE: DIRECT ASSISTANCE MAY BE IN THE FORM OF FOOD, CLOTHING, HOUSEHOLD, INFANT AND BABY NEEDS, FURNITURE AND APPLIANCES, HANDICAP RAMPS, MEDICAL AND DENTAL, TRANSPORTATION...

CLEARINGHOUSE ASSISTANCE: DIRECT ASSISTANCE MAY BE IN THE FORM OF FOOD, CLOTHING, HOUSEHOLD, INFANT AND BABY NEEDS, FURNITURE AND APPLIANCES, HANDICAP RAMPS, MEDICAL AND DENTAL, TRANSPORTATION, FINANCIAL ASSISTANCE, AND MORE. THE ORGANIZATION ALSO ASSISTS INDIVIDUALS AND FAMILIES FOR LONG-TERM IMPACT BY PROVIDING BUDGETING AND BUDGET COUNSELING TO HELP PEOPLE BECOME FINANCIALLY STABLE AND OTHER LIFE-SKILLS CLASSES IN PARENTING AND STRESS MANAGEMENT GIVING A HOLISTIC APPROACH TO RESTORING FAMILIES IN CRISIS. THE ORGANIZATION MANAGES SEVERAL CHURCH PANTRIES AND FACILITATES PICKING UP DONATIONS, STORAGE AND TRANSFER OF APPROPRIATE DONATED RESOURCES TO THE PANTRIES. OVER 8,000 PEOPLE IN THE COMMUNITY WERE IMPACTED THROUGH THESE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,451,840

Program Service Revenue $0

Investment Income $9,505

Other Revenue $0

TOTAL REVENUE $1,461,345

Expense Breakdown

Grants Paid $68,499

Salaries & Benefits $463,223

Fundraising Expenses $105,920

Program Expenses $1,023,970

Other Expenses $888,318

TOTAL EXPENSES $1,420,040

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,461,345	$913,217	+0.6%
Expenses	$1,420,040	$873,834	+0.6%
Net Income	$41,305	$39,383	+0.0%

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

220

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
RICK EBELING	BOARD MEMBER	5.00	Director	$0	$0	$0
SCOTT GEIGER	BOARD MEMBER	5.00	Director	$0	$0	$0
TIM VANDER HAAR	BOARD MEMBER	5.00	Director	$0	$0	$0
JIM HANSEN	BOARD MEMBER	5.00	Director	$0	$0	$0
JEFF HARTLEY	BOARD MEMBER	5.00	Director	$0	$0	$0
LORRI KELLER	BOARD MEMBER	5.00	Director	$0	$0	$0
KRISTINE KOETJE-BALKER	BOARD MEMBER	5.00	Director	$0	$0	$0
WENDY RAKE	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
WADE RUMLEY	PRESIDENT	5.00	Officer 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	$1,461,345	$1,420,040	$1,251,037	$41,305
2024	$1,045,345	$1,005,962	$1,205,067	$39,383
2023	$898,619	$744,628	$1,169,496	$153,991
2022	$788,836	$633,240	$1,029,765	$155,596
2021	$457,227	$424,072	$527,899	$33,155
2020	$528,325	$585,828	$488,386	$-57,503
2019	$601,357	$562,323	$544,258	$39,034