LOVE INC OF CLAY COUNTY (EIN 431570983) - 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

1990

Legal Domicile

Principal Officer

David Rathbun

Phone

8169946927

Tax Period

2024-01-01 to 2024-12-31

LOVE INC OF CLAY COUNTY, founded in 1990, is a small nonprofit in the Religion sector that reported $372K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

Mobilizing local churches to transform their communities by caring for our neighbors in need.

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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 $372,430

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $372,430

Expense Breakdown

Grants Paid $227,596

Salaries & Benefits $118,021

Fundraising Expenses $10,727

Program Expenses $301,731

Other Expenses $39,723

TOTAL EXPENSES $385,340

Year-over-Year Comparison

	2024	2023	Change
Revenue	$372,430	$488,867	-0.2%
Expenses	$385,340	$458,094	-0.2%
Net Income	$-12,910	$30,773	-1.4%

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

110

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

$44,782

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Rathbun	Executive Director	30	Officer	$44,782	$0	$44,782
Gladys Brown	President	2	Officer Director	$0	$0	$0
Ashley Brown	Vice Chair	2	Officer Director	$0	$0	$0
Charlene Steadman	Secretary	2	Officer Director	$0	$0	$0
Mario Usera	Treasurer	2	Officer Director	$0	$0	$0
Karen Ferland	Board Member	1	Director	$0	$0	$0
Audrey Greene	Board Member	1	Director	$0	$0	$0
Casidy Meeks	Board Member	1	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	$372,430	$385,340	$159,549	$-12,910
2023	$488,867	$458,094	$172,460	$30,773
2022	$407,859	$422,683	$143,234	$-14,824
2021	$366,160	$311,833	$158,057	$54,327
2020	$305,237	$304,140	$105,675	$1,097
2019	$233,916	$251,906	$102,746	$-17,990
2018	$276,309	$261,345	$120,567	$14,964

LOVE INC OF CLAY COUNTY