COATED IN LOVE (EIN 453368118) - 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

Danielle Igbanugo

Phone

6122698589

Tax Period

2024-05-01 to 2025-04-30

COATED IN LOVE, founded in 2011, is a small nonprofit in the Human Services sector that reported $349K in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum.

Mission

Coated In Loves mission is to provide hope help and resources for those experiencing homelessness and to all who are in need. We accomplish this through an annual event called 3000 Acts of Kindness which provides many goods and services for free.

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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 $348,784

Program Service Revenue $0

Investment Income $599

Other Revenue $0

TOTAL REVENUE $349,383

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $3,763

Fundraising Expenses $8,054

Program Expenses $342,893

Other Expenses $360,928

TOTAL EXPENSES $370,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$349,383	$228,366	+0.5%
Expenses	$370,691	$180,520	+1.1%
Net Income	$-21,308	$47,846	-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

N/A

Volunteers

700

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
Danielle Igbanugo	President and Executive Director	15.00	Officer Director	$0	$0	$0
Holly McFarland	Vice President	1.00	Officer Director	$0	$0	$0
Deb Selner	Secretary	5.00	Officer Director	$0	$0	$0
Candis Johnson	Treasurer	15.00	Officer Director	$0	$0	$0
Amy Cheney	Director	1.00	Director	$0	$0	$0
Uche Onuwalu	Director	5.00	Director	$0	$0	$0
Natalie Johnson Lee	Director	5.00	Director	$0	$0	$0
Tina Janeshek	Director	10.00	Director	$0	$0	$0
Lisa Armstrong	Director	1.00	Director	$0	$0	$0
Marsha King	Director	5.00	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	$349,383	$370,691	$75,883	$-21,308
2024	$228,366	$180,520	$102,557	$47,846

COATED IN LOVE