LORI'S HANDS INC

EIN: 453984559 501(c)(3) Human Services

NEWARK, DE

Total Revenue
$578,826
Total Expenses
$571,834
Total Assets
$514,367
Net Assets
$511,149
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
DE
Principal Officer
ZACHARY BARTON
Phone
3024405454
Tax Period
2024-01-01 to 2024-12-31

LORI'S HANDS INC, founded in 2011, is a small nonprofit in the Human Services sector that reported $579K in total revenue in fiscal year 2024. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

LORI'S HANDS BUILDS MUTUALLY BENEFICIAL PARTNERSHIPS BETWEEN COMMUNITY MEMBERS WITH CHRONIC ILLNESS AND COLLEGE STUDENTS, FOSTERING EMPATHY, CONNECTION, AND RESILIENCE. STUDENTS PROVIDE PRACTICE ASSISTANCE TO SUPPORT COMMUNITY MEMBERS' INDEPENDENCE AT HOME, AND COMMUNITY MEMBERS SHARE THEIR HEALTH AND LIFE EXPERIENCES TO SUPPORT STUDENTS' LEARNING.

Program Service Accomplishments

Program 1
Expenses: $399,801

IN 2024, LORI'S HANDS ENGAGED STUDENT VOLUNTEERS FROM 23 COLLEGES AND UNIVERSITIESUP FROM 17 THE YEAR PRIORHIGHLIGHTING THE ORGANIZATION'S GROWING ROLE IN EXPERIENTIAL LEARNING AND COMMUNITY HEALTH...

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IN 2024, LORI'S HANDS ENGAGED STUDENT VOLUNTEERS FROM 23 COLLEGES AND UNIVERSITIESUP FROM 17 THE YEAR PRIORHIGHLIGHTING THE ORGANIZATION'S GROWING ROLE IN EXPERIENTIAL LEARNING AND COMMUNITY HEALTH. A NEW REGISTERED STUDENT ORGANIZATION AT NOTRE DAME OF MARYLAND UNIVERSITY JOINED THOSE AT EASTERN MICHIGAN UNIVERSITY AND THE UNIVERSITY OF DELAWARE, DEEPENING STUDENT ENGAGEMENT AND INTERGENERATIONAL CONNECTION.WITH SUPPORT FROM THE CRESTLEA FOUNDATION, LORI'S HANDS UPGRADED ITS MOBILE APP TO IMPROVE VOLUNTEER TRACKING AND SERVICE DELIVERY. THE ORGANIZATION ALSO REFRESHED ITS VOLUNTEER TRAINING PROGRAM, BETTER PREPARING STUDENTS TO SUPPORT CLIENTS AND EXPLORE ISSUES IN PUBLIC AND COMMUNITY HEALTH.LORI'S HANDS DEEPENED PARTNERSHIPS WITH OVER 30 HEALTHCARE AND COMMUNITY-BASED ORGANIZATIONS TO EXPAND CLIENT REFERRALS AND HOLISTIC SUPPORT. THROUGH THESE COLLABORATIONS, CLIENTS MANAGING CHRONIC ILLNESS RECEIVED NOT ONLY COMPANIONSHIP AND PRACTICAL ASSISTANCE FROM STUDENT VOLUNTEERS, BUT ALSO IMPROVED ACCESS TO RESOURCES SUCH AS FOOD, TRANSPORTATION, AND IN-HOME SERVICES, HELPING THEM REMAIN SAFE AND INDEPENDENT AT HOME.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $576,571
Program Service Revenue $0
Investment Income $107
Other Revenue $2,148
TOTAL REVENUE $578,826

Expense Breakdown

Grants Paid $3,000
Salaries & Benefits $440,077
Fundraising Expenses $94,224
Program Expenses $399,801
Other Expenses $128,757
TOTAL EXPENSES $571,834

Year-over-Year Comparison

2024 2023 Change
Revenue $578,826 $456,548 +0.3%
Expenses $571,834 $474,782 +0.2%
Net Income $6,992 $-18,234 -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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Governance

Voting Members
8
Independent Members
8
Employees
6
Volunteers
899

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
4
$121,553
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH LAFAVE PRESIDENT 5.00
Officer Director
$0 $0 $0
RICHARD HYNES TREASURER 2.00
Officer Director
$0 $0 $0
ELIZABETH BONOMO SECRETARY 2.00
Officer Director
$0 $0 $0
PATRICK GRAY BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL SMITH BOARD MEMBER 2.00
Director
$0 $0 $0
KIMBERLY HURME BOARD MEMBER 2.00
Director
$0 $0 $0
KEITH CHAN BOARD MEMBER 2.00
Director
$0 $0 $0
CHRISTINE GILMORE BOARD MEMBER 2.00
Director
$0 $0 $0
ZACHARY BARTON EXECUTIVE DIRECTOR 40.00
Officer
$117,500 $4,053 $121,553
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 $578,826 $571,834 $514,367 $6,992
2023 $456,548 $474,782 $507,621 $-18,234
2022 $446,000 $334,691 $543,035 $111,309
2021 $370,174 $268,070 $430,704 $102,104
2020 $229,363 $208,249 $339,804 $21,114
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