LOVE INC OF WORTHINGTON (EIN 383802327) - 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

2009

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

LOVE INC OF WORTHINGTON, founded in 2009, is a micro nonprofit in the Human Services sector that reported $95K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $114K exceeded revenue, resulting in a 19% operating deficit.

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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 $95,229

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $95,229

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,404

Fundraising Expenses $8,091

Program Expenses $57,427

Other Expenses $46,197

TOTAL EXPENSES $113,601

Year-over-Year Comparison

	2023	2022	Change
Revenue	$95,229	$103,910	-0.1%
Expenses	$113,601	$124,239	-0.1%
Net Income	$-18,372	$-20,329	-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

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	Role	Reportable Comp	Other Comp	Total
NORA LEINEN	DIRECTOR	Director	$0	$0	$0
JEANETTE MCCORMICK	EX OFFICIODIRECTOR	Director	$0	$0	$0
KARLA KIRKEBY	VICE CHAIR	Officer Director	$0	$0	$0
TOM CAVANAUGH	SECRETARY	Officer Director	$0	$0	$0
JIM PUTNAM	TREASURERDIRECTOR	Officer Director	$0	$0	$0
MIKE MOORE	CHAIR	Officer Director	$0	$0	$0
GREG WEDE	EXECUTIVE DIRECTOR	Highest	$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	$95,229	$113,601	$45,244	$-18,372
2022	$103,910	$124,239	$62,693	$-20,329
2021	$158,078	$131,599	$83,636	$26,479
2020	$126,676	$118,614	$72,364	$8,062
2019	$108,221	$122,756	$48,916	$-14,535
2018	$119,173	$127,981	$63,236	$-8,808

LOVE INC OF WORTHINGTON