LOVE INC OF STAUNTON WAYNESBORO AND AUGUSTA

EIN: 453201020 501(c)(3) Human Services

FISHERSVILLE, VA

Total Revenue
$1,132,375
Total Expenses
$1,148,467
Total Assets
$251,847
Net Assets
$246,200
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Phone
5402212955
Tax Period
2024-01-01 to 2024-12-31

LOVE INC OF STAUNTON WAYNESBORO AND AUGUSTA, founded in 2012, is a small nonprofit in the Human Services sector that reported $361K in total revenue in fiscal year 2018.

Mission

FAITH-BASED SERVICES FOR THE NEEDY MOBILIZING CHURCHES TO TRANSFORM LIVES AND COMMUNITIES.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $355,719
Program Service Revenue $775,453
Investment Income $1,203
Other Revenue $0
TOTAL REVENUE $1,132,375

Expense Breakdown

Grants Paid $0
Salaries & Benefits $781,486
Fundraising Expenses $7,916
Program Expenses $1,010,937
Other Expenses $366,981
TOTAL EXPENSES $1,148,467

Year-over-Year Comparison

2024 2023 Change
Revenue $1,132,375 $880,819 +0.3%
Expenses $1,148,467 $842,259 +0.4%
Net Income $-16,092 $38,560 -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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Governance

Voting Members
15
Independent Members
15
Employees
32
Volunteers
163

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
5
$57,721
Total Directors
15
$170,267
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBRAH RAMSEY EXECUTIVE DIRECTOR 40.00
Officer Director
$57,721 $0 $57,721
WILLIAM ROBERTS MINISTRY DIRECTOR 40.00
Director
$57,275 $0 $57,275
ETHAN COLVIN OPERATIONS DIRECTOR 40.00
Director
$55,271 $0 $55,271
SCOTT BRODD BOARD MEMBER 0.00
Director
$0 $0 $0
STACEY BURKHOLDER BOARD MEMBER 0.00
Director
$0 $0 $0
STEVE CAMPBELL BOARD MEMBER 0.00
Director
$0 $0 $0
VERONICA DAVIS BOARD MEMBER 0.00
Director
$0 $0 $0
BEN HALTERMAN BOARD MEMBER 0.00
Director
$0 $0 $0
RODNEY MARTIN BOARD MEMBER 0.00
Director
$0 $0 $0
MARIE MASINCUP BOARD MEMBER 0.00
Director
$0 $0 $0
JOANNE SHIRLEY BOARD MEMBER 0.00
Director
$0 $0 $0
TIM HARRISON SECRETARY 0.00
Officer Director
$0 $0 $0
CALEB HARLOW BOARD CO-CHAIR 0.00
Officer Director
$0 $0 $0
SHANE LILLY BOARD CHAIR 0.00
Officer Director
$0 $0 $0
SHARON WOOD BOARD SECRETARY 0.00
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 $1,132,375 $1,148,467 $251,847 $-16,092
2023 $880,819 $842,259 $265,166 $38,560
2022 $659,489 $710,810 $225,270 $-51,321
2021 $694,238 $555,203 $288,395 $139,035
2020 $469,945 $475,903 $152,229 $-5,958
2019 $453,270 $423,612 $155,235 $29,658
2018 $360,531 $383,226 $122,033 $-22,695
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