LOVE TAKES ROOT INC (EIN 452766894) - 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

2011

Legal Domicile

Principal Officer

RICK WILKERSON

Phone

8554405683

Tax Period

2023-01-01 to 2023-12-31

LOVE TAKES ROOT INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $327K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE CHARITABLE, EDUCATIONAL AND HUMANITARIAN SUPPORT OF CHILDREN OF THE DEVELOPING WORLD FOR A SUSTAINABLE FUTURE. THE PRESENT PROJECT IS WITH AN ORPHANAGE LOCATED IN HAITI. THE ORGANIZATION IS WORKING TO CORRECT THE ORPHANAGE WITH BASIC NEEDS: FOOD, WATER, SHELTER AND SAFETY.

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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 $402,400

Program Service Revenue $0

Investment Income $-62,924

Other Revenue $-12,847

TOTAL REVENUE $326,629

Expense Breakdown

Grants Paid $276,435

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $305,848

Other Expenses $47,694

TOTAL EXPENSES $324,129

Year-over-Year Comparison

	2023	2022	Change
Revenue	$326,629	$301,289	+0.1%
Expenses	$324,129	$308,989	+0.0%
Net Income	$2,500	$-7,700	-1.3%

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE CONOVER	TREASURER	10.00	Officer Director	$0	$0	$0
MIKE KOENECKE	SECRETARY	10.00	Officer Director	$0	$0	$0
EDWARD SKIDMORE	VICE PRESIDE	25.00	Officer Director	$0	$0	$0
BARBARA WILKERSON	EXECUTIVE DI	30.00	Officer Director	$0	$0	$0
RICK WILKERSON	PRESIDENT	10.00	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
2024	No data	No data	No data	No data
2023	$326,629	$324,129	$390,049	$2,500
2022	$301,289	$308,989	$387,549	$-7,700
2021	$303,494	$246,383	$395,249	$57,111
2020	$233,564	$186,718	$338,138	$46,846
2019	$249,326	$187,128	$291,292	$62,198
2018	$328,601	$280,410	$229,094	$48,191

LOVE TAKES ROOT INC