WATTS OF LOVE

EIN: 455404420 501(c)(3) International Affairs

DOWNERS GROVE, IL

Total Revenue
$4,306,966
Total Expenses
$1,963,111
Total Assets
$4,213,464
Net Assets
$4,134,284
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
IL
Principal Officer
NANCY ECONOMOU
Phone
6308358444
Tax Period
2024-07-01 to 2025-06-30

WATTS OF LOVE, founded in 2012, is a community nonprofit in the International Affairs sector that reported $4.3M in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 54% operating margin.

Mission

OUR MISSION IS TO BRING PEOPLE THE POWER TO RAISE THEMSELVES OUT OF THE DARKNESS OF POVERTY THROUGH SOLAR LIGHTING.

Program Service Accomplishments

Program 1
Expenses: $1,657,343 Revenue: $134,844

WATTS OF LOVE IS A GLOBAL NONPROFIT DELIVERING SOLAR LIGHTS AND FINANCIAL LEARNING TO HELP PEOPLE RAISE THEMSELVES OUT OF THE DARKNESS OF POVERTY. WE PROVIDE THOSE LIVING IN LAST MILE COMMUNITIES...

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WATTS OF LOVE IS A GLOBAL NONPROFIT DELIVERING SOLAR LIGHTS AND FINANCIAL LEARNING TO HELP PEOPLE RAISE THEMSELVES OUT OF THE DARKNESS OF POVERTY. WE PROVIDE THOSE LIVING IN LAST MILE COMMUNITIES WITH DURABLE, MULTI-FUNCTIONAL SOLAR LIGHTS, BREAKING THE DEPENDENCY ON TOXIC KEROSENE AND OTHER ALTERNATIVE LIGHT SOURCES WHILE SUPPORTING THEM WITH ECONOMIC EMPOWERMENT TRAINING. THROUGH OUR PROGRAM WE CREATE IMMEDIATE AND LONG-LASTING CHANGE FOR THOSE LIVING IN EXTREME POVERTY.

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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 $4,012,038
Program Service Revenue $86,050
Investment Income $35,197
Other Revenue $173,681
TOTAL REVENUE $4,306,966

Expense Breakdown

Grants Paid $587,165
Salaries & Benefits $788,202
Fundraising Expenses $169,087
Program Expenses $1,657,343
Other Expenses $587,744
TOTAL EXPENSES $1,963,111

Year-over-Year Comparison

2024 2023 Change
Revenue $4,306,966 $2,196,033 +1.0%
Expenses $1,963,111 $1,840,630 +0.1%
Net Income $2,343,855 $355,403 +5.6%
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
12
Independent Members
10
Employees
16
Volunteers
34

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
2
$116,097
Total Directors
12
$116,097
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY ECONOMOU PRESIDENT 60.00
Officer Director
$116,097 $0 $116,097
KEVIN KUSTER DIRECTOR 1.00
Officer Director
$0 $0 $0
MARY KAY KAUFMANN CHAIRWOMAN 1.00
Director
$0 $0 $0
BRIAN WALSH VICE CHAIRMAN 1.00
Director
$0 $0 $0
MARIA HEY SECRETARY 1.00
Director
$0 $0 $0
DALE MANCUSO TREASURER 1.00
Director
$0 $0 $0
TERRY MAHONEY FINANCE AND AUDIT CHARIMAN 1.00
Director
$0 $0 $0
MATT HOWARD DIRECTOR 1.00
Director
$0 $0 $0
DOUG ROSELIEB DIRECTOR 1.00
Director
$0 $0 $0
CANDICE MISHKIN DIRECTOR 1.00
Director
$0 $0 $0
SCOTT MOREHOUSE DIRECTOR 1.00
Director
$0 $0 $0
MIKE ALLEN DIRECTOR 1.00
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 $4,306,966 $1,963,111 $4,213,464 $2,343,855
2024 $2,196,033 $1,840,630 $1,871,882 $355,403
2023 $2,440,208 $2,003,861 $1,459,710 $436,347
2022 $1,049,295 $1,109,999 $1,102,182 $-60,704
2021 $1,388,675 $1,332,851 $1,106,864 $55,824
2020 $1,211,274 $1,079,872 $1,051,640 $131,402
2020 $1,211,274 $1,079,872 $1,051,640 $131,402
2019 $1,648,794 $1,158,700 $936,541 $490,094
2018 $884,027 $857,328 $458,683 $26,699
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